Kenya’s national carrier, Kenya Airways has posted a 3.9 billion loss ($38.705 million), an improvement from Sh5.7 billion ($56.570 million) posted in a similar period last year.
The airline has attributed the improved results to increased passenger numbers 6.6 percent to 2.3 million, while cargo uplift increased by 13 percent to 31,973 tonnes. During this 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.
“The cabin 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.” A statement from KQ reads in part.
The fleet costs have also reduced by 2.2 percent attributed to the fleet rationalisation completed in November 2017.
According to the Chairman Kenya Airways Michael Joseph, the business has remained resilient and is focused on delivering solid results.
“We continue to optimize the network to create more connections through our hub in Nairobi and in turn increase efficiency in order to reduce overall costs and return to profitability,” he said.
The Airline is now 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 Investors briefing held at the Intercontinental Hotel in Nairobi, the Chairman said that Kenya Airways was committed to enhancing its service delivery across all touch points with the aim of making it more authentic and true to its brand proposition.
The airline has also revamped its catering service designed to elevate the guest experience. The new catering service 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.
KQ flies to 52 destinations worldwide, 43 of which are in Africa and carries over four million passengers annually. Kenya Airways celebrated 40 years of operations in January 2017 and was named Africa Leading Airline 2017 by the World Travel Awards.