Deep cost-cutting helped Kenya Airways #ticker:KQ reduce its full-year net loss by more than half to Sh10.2 billion, showing some green shoots for the national carrier that is, however, beset by a flagging topline and wider erosion of shareholders’ capital.
KQ, as the carrier is known by its international code, Thursday reported a 60.9 per cent drop in its net loss for the 12 months ended March from last year’s Sh26.2 billion.
