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The SATA group closed the 2017 accounts with losses of 41 million euros, a figure that almost tripled compared to 2016 (14 million), reveals the report and accounts of the company to which Lusa had access. The negative result of last year's accounts even represents the biggest loss in the history of SATA, which had up to now its worst record in 2014, when it closed the accounts with a loss 35 million euros.
According to the annual report, the losses of the Azorean airline have increased significantly compared to the previous year, although SATA has increased its sales by 14.2 million euros over the same period. period.
Personnel costs increased from 60.3 million to 62.1 million, while the cost of chartering aircraft to other airlines nearly doubled from five million to nine million euros.
The Sata Group's equity also continues to decline, now standing at 133m, while the carrier's liabilities have increased from 254 million euros to 286 million euros and the debts to suppliers have increased. from 45 million euros to 55 million euros.
From 160.7 to 167.1 million euros in just one year
In the message accompanying the accounts report, the former chairman of the group SATA Paulo Menezes, who was replaced in his office last Saturday, admits that the results of 2017 were "prejudiced" by "several operational constraints", but he nonetheless said he was convinced that "the future will be favorable ".
The regional government of the Azores, which oversees the airline, has decided to dismiss Paulo Menezes from the management of the SATA group over the weekend, naming António Luís Gusmão Teixeira, director of the companies at the position.
Who also put "reserves" to the 2017 SATA accounts were the auditor PricewaterhouseCoopers (PWC), which, despite the approval of the accounts, considers the loss of 41 million euros at the end of the year could be overestimated by 15.1 million euros.
The accounts now known were approved by the SATA General Assembly, SGPS on June 21 and were filed in the commercial register on July 9.
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