Kenya Airways Records Improved Six Months Results
Kenya Airways yesterday, announced a 30.8 percent improvement in pre-tax results for the six month period ended June 30, 2018. The improvement 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 tonnes over the same period last year. The airline's load 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 rationalisation completed in November 2017. Overall, the Group’s results improved by 30.8 percent from a pre-tax loss of Kshs 5,771 million in 2017 to Kshs 3,992 million for the period ended 30 June 2018. Kenya Airways is focusing on the expansion of its network in a bid to cater for 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. Kenya Airways is committed to enhancing its service delivery across all touch points with the aim of making it more authentic and true to its brand proposition. Earlier in August, the airline introduced a new culinary experience with new menus that combine Kenyan ingredients and a touch of African flavours. The revamped catering service designed to elevate guest experience, 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. 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. A member of the Sky Team Alliance, Kenya Airways is a leading African airline flying to 52 destinations worldwide, 43 of which are in Africa. The airline's fleet of 32 aircraft is one of the youngest in Africa including the technologically advanced Boeing 787 Dreamliner.