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Kenya Airways swings to pretax loss

Kenya Airways posted an annual pretax loss, hit by a drop in passenger numbers after several foreign governments advised their citizens against travelling to the country due to security concerns.

The airline, which is 26.73 percent owned by Air France KLM , said on Friday it swung to a pretax loss of 10.83 billion shillings ($126.8 million) in the year ended March, only its second full-year loss since listing in 1996.

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Kenya Airways loss