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Browsing: Oman Air
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 …
