South African Airways shunned by insurers as financial doubts grow

JOHANNESBURG (Reuters) - Two big travel insurance companies in South Africa have stopped covering tickets issued by South African Airways (SAA) against insolvency as doubts grow about whether the struggling state-owned airline can survive.While the move is unlikely to push SAA into liquidation by itself, it will hurt ticket sales and exacerbate a cash crunch that left the airline unable to pay salaries on time this month, analysts said.SAA has not made a profit since 2011 and has been struggling..