Kenya Airways cuts losses by more than half despite falling revenues

National carrier Kenya Airways cut its losses by more than half to Sh4.8 billion in the six months to September raising hopes that it may be flying out of its turbulence.PHOTO: COURTESY

National carrier Kenya Airways cut its losses by more than half to Sh4.8 billion in the six months to September raising hopes that it may be flying out of its turbulence.

The airline, which posted a Sh11.9 billion loss over a similar period in 2015, in one of its worst performances, attributed the improved performance to an increase in the number of passengers and lower cost of operations after the downsizing of its fleet.