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Kenya Airways reports Sh7.5 billion net loss

Kenya Airways CEO Sebastian Mikosz (L)

NAIROBI, KENYA: Kenya Airways has recorded a Sh7.5 billion net loss for the year ended December 31, 2018.

In a statement, the airline attributed the loss to volatile fuel prices, which saw its costs rise by 73.6 per cent from Sh19 billion incurred in the 9-month period in 2017 to Sh33 billion in the full year ended in December 2018.

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Kenya Airways