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Kenya’s flag carrier says its pretax loss narrowed sharply in the six months through September as it made an operating profit of 8.9 million dollars.
That’s compared with a loss of 2.2 billion shillings in the same period in 2015. This raises much needed hopes that the struggling carrier may be beginning to turn a corner. Kenya Airways has been reducing the size of its fleet, selling non-core assets like land and cutting jobs to try and turn itself around after years of losses. The appointment of veteran telecoms executive Michael Joseph as chairman last week has helped lift sentiment at the airline.
Pilots had threatened to strike to demand management changes, but called off the action when Joseph’s appointment was announced.
