Browsing: Kenya Airways

Kenya Airways has reported its half-year performance for the half-year to June 30 amid losses at the national carrier.

KQ, as it is known by its international code, posted a Ksh8.563 billion loss for the period, a slip from Ksh4.035 billion in a similar period.

READ:Kenya airways in trouble as loss deepen to US$74 million

This came as total operating costs jumped 15.5 per cent to Ksh61.5 billion from Ksh53.2 billion, a move that eroded gains made in total income which increased to Ksh58.6 billion during the period.

This was up from Ksh52.2 billion income realised in a corresponding period last year.

“Some of these losses can be attributed to the return in to KQ service of two Boeing 787’s that were on sub-lease to Oman Air, investment in new routes and adoption of the new International Financial Reporting Standard (IFRS 16),” KQ chairman Michael Joseph told investors …

Kenya and Jamaica enjoy close relations as shown by President Uhuru Kenyatta’s recent visit to Jamaica and a growing number of Jamaican musicians thronging into East Africa. However, distance and connecting flights have always been a problem.

However, after the successful test of Kenya Airways flight from Nairobi to New York, Kenya is looking to expand into this market with an idea of trans Atlantic flight to Caribean. Kenya Airways already has well-established routes to West African countries of Senegal, Nigeria, Ghana, Liberia and Ivory Coast which could be used as stop-overs to the Caribean.

This can also open up other destination in Africa for the Jamaican route including to Ethiopia, South Africa, and North Africa. The flight time from East Africa to Senegal, Liberia and Ivory Coast is 8 hours, the same period it takes to make the trans- Atlantic flight.

In their talks, President Kenyatta and PM Holness …

Kenya has reaffirmed its continued push for the closure of all ivory trade markets across the world.

First Lady Margaret Kenyatta says the country will continue with its campaign against the reopening of markets for animal trophies especially ivory.

The campaign is being supported by 31 other African states grouped under the African Elephant Coalition (AEC).

The First Lady spoke at an ivory burning site inside the Nairobi National Park where she presided over the official launch of the CITES CoP18 Awareness Campaign.

READ ALSO:How eBay and IFAW ban on African Ivory stood for a decade

CITES stands for the Convention on International Trade in Endangered Species of Wild Fauna and Flora while CoP18 is the acronym for the Conference of Parties to the CITES.

The CITES CoP18 global conference is scheduled for this month in Geneva, Switzerland.

“Today we are lobbying and petitioning for the closure of all …

Fuel, personnel and cost of aircraft remain top drivers of the airline’s costs

Kenya’s national carrier-Kenya Airways has posted a Ksh7.558 billion (USD74.6 million ) net loss for the year ended December 2018, as higher operating costs continue to eat into its improving revenues.

The airline which has changed its reporting period (end year) from March 31 to December 31, had a Ksh6.418 billion (USD63.5 million) loss in the 9-month period between April 1, and Dec 31, 2017.

This is despite the airline’s growth in total revenue for the 12 months which increased to Ksh114.45 billion (USD1.13 billion), compared to Ksh80.79 billion (USD789.7 million) for the nine month period ended December 31, 2017.

According to the management, fuel, personnel and the cost of aircraft remain the top three drivers of the airline’s costs, contributing to about two thirds of total operating costs.

“Fuel price volatility remains a major challenge for …