Kenya Airways has posted a loss of Sh. 6.1 billion in the nine months to December. It attributed the loss position to higher fuel costs and the negative impact of a prolonged electioneering period.
Fuel costs, which went up 14 per cent in the period, remain the biggest challenge to KQ’s profitability.
Chief executive Sébastian Mikosz said the full financial impact of the new US route will be felt in 2019, adding he expects a revenue boost of between 8 and 10 per cent. The firm will be recalling its Dreamliner from Oman Air to serve this long haul route.
Kenya Airways will, in partnership with its European partners, roll out economy comfort class on all aircraft in the next 12-15 months as part of its strategy to increase revenues.