AfricaAviation News

Kenya Airways Cuts Losses By Half As Turnaround Strategy Takes Off

Kenya Airways Cuts Losses By Half As Turnaround Strategy Takes Off

Hope has returned at the pride of Africa as Kenya Airways cut their losses by 51 percent in 2017 to hit Sh10.2 billion (USD 98.8 million) compared to the Sh26 billion (USD 260.9 million) it recorded in 2016.
Kenya Airways Chief Executive Mbuvi Ngunze says the turnaround strategy the airline has been implementing in the last one and a half years has started to bear fruit resulting in better performance.
Passenger numbers went up by 5.4 percent, to 4.5 million customers the highest the airline has ever had while cabin factor went up by 4 percent.
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