The Independent Uganda: You get the Truth we Pay the Price
Kampala, Uganda | THE INDEPENDENT | Kenya’s national carrier, Kenya Airways, has a recorded 20.5% drop in losses to Ksh3.8bn for the six months to September compared with the same period a year earlier citing reduced costs.
The carrier said its operating costs reduced from Ksh53.799bn to Ksh53.075bn during the same period under review. Other costs went down 8.1 % to Ksh 5.2 billion.
The reduction in costs made up for a flat top-line as Kenya Airways’ revenue reduced 0.4 % to close the period at Kshs 54.518 bn.
“Kenya Airways is on a continuous improvement trajectory on its way towards returning to profitability,” KQ’s CEO Sebastian Mikosz said, adding, “We have kept our fleet costs in check. Going forward, we look to grow our routes strategically.”
He said the airline is extremely cautious about its cash spending.
