Kenya Airways Reports Ksh.513 Million Profit Following Years of Turbulence

Kenya Airways, the national carrier, ended a ten-year losing trend with a Ksh.513 million half-year profit.

Allan Kilavuka, the CEO of Kenyan Airways, claims that the company’s earnings is dependent on both the state’s restructuring of its debts and its decreased exposure to swings in foreign exchange.

Compared to the Ksh. 21.7 billion deficit the airline reported during the same period last year, the growth marks a 102% recovery.