This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

After years of financial losses, South African Airways is trying to cut costs by offering pilots and cabin crew to major global carriers. Bloomberg reports that SAA’s Chief Executive Officer Vuyani Jarana did not reveal how many pilots and flight attendants could lose their jobs or be transferred, but in an interview he explained measures including eliminating destinations within Africa and reducing capacity or cutting half the flights from the airline’s Johannesburg base to London.

The airline hasn’t generated a profit since 2011 and has a three-year turnaround plan. SAA has explored options to transfer pilots to rival airlines Kenya Airways and Air Mauritius, as well as Emirates, Turkish, and Ethiopian Airlines, Jarana told Bloomberg. Jarana said these transfers will create new partnerships and help the airline shrink, with the possibility of staff returning if SAA can generate a profit. However, the CEO does not plan to leave Star Alliance, the global airline alliance of which SAA is a member, along with United Airlines.

This all comes at time when airlines are actively seeking pilots to combat a pilot shortage. The global shortage of pilots was a one of the factors that caused Emirates to cut flights and, in April, at the Aircraft Interiors Expo in Hamburg, the airline’s CEO Tim Clark said Emirates was short at least 100 pilots. Within the next 20 years, North American airlines will be in need of over 100,000 new pilots, and the shortage is expected to reach over 2,000 by 2025, according to a report by Statista. The report also noted that Republic Airways’ 2016 bankruptcy  was in part due to lack of qualified pilots and that last year Europe’s biggest low-fare airline, Ryanair, canceled more than 2,000 flights because it did not have enough pilots.

Featured image of a South African Airways Airbus A340-300 by Mayall/ullstein bild via Getty Images

The Platinum Card® from American Express

The American Express Platinum card has some of the best perks out there: cardholders enjoy the best domestic lounge access (Delta SkyClubs, Centurion Lounges, and Priority Pass), a $200 annual airline fee credit as well as up to $200 in Uber credits, and mid-tier elite status at SPG, Marriott, and Hilton. Combined with the 60,000 point welcome offer -- worth $1,140 based on TPG's valuations -- this card is a no-brainer for frequent travelers. Here are 5 reasons you should consider this card, as well as how you can figure out if the $550 annual fee makes sense for you.

Apply Now
More Things to Know
  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards points on prepaid hotels booked on amextravel.com.
  • Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
  • $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.
  • $550 annual fee.
  • Terms Apply.
  • See Rates & Fees
Intro APR on Purchases
N/A
Regular APR
N/A
Annual Fee
$550
Balance Transfer Fee
See Terms
Recommended Credit
Excellent/Good
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.