Kenya Airways has today released its first half year results ending September 30, 2014. The airline unveiled the results though the turbulent challenges it has experienced throughout the year.For the period, the airline has recorded positive results as it has received five of its first set of six units of the B787 Dreamliner fleet, launched the Jambojet carrier and has expanded its route to Abuja, Nigeria.
Speaking at the unveiling, Group CEO and Managing Director, Mbuvi Ngunze said ‘Kenya Airways has been affected by a series of events such as JKIA fire, Ebola crises and issuance of travel advisories by various countries but it managed to achieve a turnover of KES 56,788 million indicating a 4.5% improvement compared to the previous year.’
‘The operating fleet costs rose to KES 42,171 million representing a 13% increase from last year due to added capacity growth of 15%. Its operating fleet loss stood at KES 5,047 million within the six month period compared to KES 1,739 million profits posted in the same period last year,’ stated Alex Mbugua, Group Finance Director.
Ngunze added that Kenya Airways will focus on balancing growth in the cabin factor so as to increase commercial flow of the airline. He is also eyeing on some prospective business factors such as deploying new fuel efficient fleet, opening of terminal 1A at JKIA, redesigning the hub of the airport and adding more lounges to offer superior customer service.
In February 2014, Kenya Airways suspended its routes from Amsterdam to China due to economic crises. Though in the past six ix months cargo tonnage rose by 8.4% following increased sales effort and introduction of freighter destinations within Africa.
Meanwhile, Kenya Airways is set to receive more Dreamliners next year and also introduce international flights to India.