Kenya Airways last year managed to cut
its losses by Sh4.4bn on favourable jet fuel prices and better business
environment in the first half of the year ending March 2014.
The
carrier posted a loss of Sh3.4bn compared to a loss of Sh7.8bn the
previous year helped by a 7 per cent surge in revenues to Sh106bn.
The improved performance, KQ said, was due to the stabilisation of the Eurozone economies and favourable jet fuel prices.
Kenya Airways which Tuesday announced a new chief executive Mr Mbuvi Ngunze is currently ramping up the number of its carriers as it seeks to open new routes and shore up revenues.
The
airline said it, however, posted losses during the second half of the
financial year due to a reduction in the passenger revenues.
The
main contributors to the reduction in passenger numbers were listed as
the August 2013 fire incident at JKIA ,which affected the traffic flow
of transit passengers through Nairobi due to the bad publicity.
The
September 2013 terrorist attack at the Westgate mall and other attacks
also contributed as they significantly eroded leisure travel from the
traditional markets, not forgetting the travel advisories issued against
travel to this country.
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