Rising revenues and
falling costs have seen Kenya Airways cut its losses before tax by more
than half for the full year ended March 2014.
The airline saw revenues rise seven per cent and reported a pre-tax loss of Sh4.86 billion ($55.5 million).
This is a significant rebound from the Sh10.8 billion ($125 million) pre-tax loss for the previous year.
Mr
Alex Mbugua, the airline's Finance Director, said total revenue had
increased to Sh106 billion during the year, mainly due to higher yields
from the passenger business.
Direct
operating costs fell by two per cent driven mainly by savings of Sh1.5
billion from favourable oil prices and efficient consumption.
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