KQ reports KES 4.7bn loss
06 November 2012, 16:03
Nairobi - Kenya Airways on Tuesday reported KES 4.7 billion net loss in the first half of the year ending Sept 30, 2012, Daily Nation reports.
KQ which recently resorted to cost cutting measures by sacking employees attributed the loss to reduced number of passengers and high fuel prices, despite the airline reporting KES 2 billion net profit in 2011.
As he released the results, Kenya Airways Chief Executive Titus Naikuni attributed the loss to failure of the airline to predict what was happening in the market place correctly.
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