Thursday, June 14, 2012

Kenya Airways looking to cut costs after profits fall

Kenya Airways, Africa's third-biggest airline is looking to implement cost-cutting measures affecting staff, procurement, and fuel use.

This comes after a sharp rise in its fuel bill hit annual profits by over 50 percent.

Chief executive officer Titus Naikuni revealed the cost-cutting measures would be far-reaching and affecting procurement, staff productivity and fuel costs but would be preceded by a thorough review of the airline's cost structures.

"You can't let costs run away

More details here...

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