Kenya Airways turnover hits Sh106b, focus on cutting costs

Kenya Airways incoming CEO Mbuvi Ngunze (right), cuts the ribbon to welcome the airline’s second Boeing 787 Dreamliner recently.He will be the man turn around the fortunes of the airline.

Kenya Airways announced a positive increase in its turnover for the current (2013/14) financial year to Sh106 billion from Sh98.9 billion over the same period last year, despite a rise in its pre-tax loss.

The national airline’s a pre-tax loss of Sh4.86 billion, up from Sh10.8 billion is its second in two years after reporting a pre-tax profit of Sh2.15 billion previously. The airline has been hit by falling demand for air travel in the European tourist markets that issued travel advisories against Kenya.