SAA reports R155 million net profit as revenue surges
South African Airways (SAA) has reported a net profit of R155 million for the financial year ended 31 March 2025.
South African Airways (SAA) has reported a net profit of R155 million for the financial year ended 31 March 2025, marking another milestone in the airline’s turnaround.
The national carrier presented its audited results at its annual general meeting on Friday, 6 February 2026.
The SAA Group generated revenue of R8.8 billion during the 2024/25 financial year, representing a 35.9% year-on-year increase from R6.5 billion in the previous period. SAA the airline returned a profit of R30 million for the year.
Cash and cash equivalents at the end of March 2025 stood at approximately R1.967 billion, with the airline reporting no interest-bearing borrowings, signalling improved financial stability.
Fleet and route expansion
During the reporting period, government approved an expansion of SAA’s fleet to 21 aircraft. By the end of the financial year, 14 aircraft were in service, operating across 16 destinations.
The airline has since grown its operational fleet to 19 aircraft, flying a diversified 17-route network. This includes the resumption of services to Perth as well as new routes to Lubumbashi in the Democratic Republic of Congo and Dar es Salaam in Tanzania.
Leadership welcomes progress
Group chief executive officer Professor John Lamola said the results reflected positive momentum for the airline’s recovery strategy.
“These results demonstrate that SAA is on course for a bright future. We are continuing to implement plans on aircraft fleet modernisation and route network expansion aimed at the elevation of customer experience,” Lamola said.
SAA chairperson Sedzani Faith Mudau said the board would continue strengthening governance structures and rebuilding public trust in the airline.
Transport Minister Barbara Creecy welcomed the results, describing them as an important milestone. She said government, as shareholder, would continue to support SAA’s stabilisation efforts and the disciplined implementation of its approved growth plans.
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