Wednesday, November 7, 2012

Kenya Airways posts $56 million half-year loss

Kenya Airways on Monday announced a KSh4.8 billion (US$ 56 million) half-year loss, the second highest in its history, and followed up the bad news with a warning to investors that the persistence of the euro zone crisis would leave the full year result at less than a quarter of last year’s outcome.

The airline, which has recently been in the news over an acrimonious retrenchment programme involving 599 employees, said Europe’s debt crisis had hit its operating environment and

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