Kenya Airways’ Loss Reduces From 5.77 Billion To 3.99 Billion Shillings

Kenya Airways has announced the half-year financial results for 2018 cutting down losses from 5.77 billion shillings to 3.99 billion shillings.

The 30.8 percent improvement in pre-tax loss has been attributed to passenger numbers which increased by 6.6 percent to 2.3 million, while cargo uplift increased by 13 percent to 31,973 tons over the same period last year.

The cabin factor increased by 2.8 points to 75.9 percent. Revenue increased by 3.1 percent due to increased passenger traffic and overall yield improvement. The direct operating costs increased by 13.9 percent due to increased pressure on global fuel prices.

The fleet costs reduced by 2.2 percent attributed to the fleet rationalization completed in November 2017.

“The business has remained resilient and is focused on delivering solid results. We continue to optimize the network to create more connections through our hub in Nairobi and in turn increase efficiency in order to reduce overall costs and return to profitability,” said Michael Joseph, Chairman Kenya Airways.

The Airline is focusing on the expansion of its network in a bid to cater to the growing needs of passengers and to strengthen its footprint in Africa.

During the period, Kenya Airways launched flights to Mauritius and non-stop flights to Cape Town, South Africa. The airline is in final preparations for its maiden non-stop flights to New York on October 28, 2018.

During the Investors briefing held at the Intercontinental Hotel in Nairobi, the Chairman said that Kenya Airways was committed to enhancing its service delivery across all touch points with the aim of making it more authentic and true to its brand proposition.

The airline has revamped its catering service designed to elevate the guest experience. The new catering service has been rolled out across the airline’s network and will see Kenya Airways guests enjoy a memorable experience designed to reflect African authenticity, hospitality, and simplicity.

In collaboration with African chefs, the airline has introduced a new culinary experience with new menus that combine Kenyan ingredients and a touch of African flavors. Business Class passengers on long-haul flights can enjoy a more personalized plated service. On short haul flights, passengers can enjoy easy takeaway boxes and a basket service.