Kenya Airways improves performance to post Sh10bn net loss

Kenya Airways CEO Mbuvi Ngunze (right) with acting Finance Director Dick Murianki during an investor briefing on October 27, 2016. FILE PHOTO | NMG

Kenya Airways (KQ) #ticker:KQ has cut its net loss for the year ending March by 60.9 per cent to Sh10.2 billion compared to Sh26.2 billion last year.

The national carrier, referred to as KQ by its international code, saw its profitability improve despite its revenues dipping 8.5 per cent to Sh106 billion on lower yields per passenger and reduction in cargo capacity.

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