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17
NOV
2017

Kenya Airways cuts its half-year loss to Sh3.8bn

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Kenya Airways  has announced a Sh3.8 billion half-year net loss, representing a 20.5 per cent improvement from last year’s Sh4.8 billion loss.

The national carrier’s revenues are down 0.4 per cent to Sh54.518 billion compared to Sh54.748 billion posted during a similar period last year.

KQ, as the airline is known by its international code, recorded an improvement in passenger numbers by 3.3 per cent to 2.3 million in the period.

Its intra-Africa traffic improved by 6.7 per cent, but the electioneering period has a dampening effect towards the end of the period under review, KQ said.

New York flights

The airline’s chief executive officer Sebastian Mikosz said they were paying special attention to their strategic plan to launch a flight to New York next year.

“This will be our longest flight when launched. This route will cost and bring us millions of dollars. As much as we are determined to launch the route in the next 12 months, we are also doing it cautiously,” he said.

By MUGAMBI MUTEGI
Read more at:http://www.businessdailyafrica.com/corporate/companies/4003102-4190524-7s8t2cz/index.html

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