KQ half-year loss shrinks to Sh4.8bn on deep cost cuts

National carrier Kenya Airways has cut its half-year net loss by more than half to Sh4.8 billion on the back of deep cost-cutting intended to stabilise the cash-strapped airline.

The airline’s decision to sell and sub-lease aircraft reduced its fleet ownership costs by Sh4.6 billion to Sh8.5 billion, six-month results released yesterday show.