Kenya Airways More Than Halves Pre-Tax Loss In 2021
Kenya Airways KQNA.NR more than halved pre-tax losses last year to 16.03 billion shillings ($139.63 million), it has said, helped by growth in revenue and some cost savings.
Pummeled By Closure Of Airspace
Like other airlines around the world, the carrier was pummeled by the closure of airspace in 2020, as governments tried to contain the spread of the coronavirus.
Things started to turn around last year, Kenya Airways said, boosting revenue by a third to 70.22 billion shillings.
Statements By Chief Financial Officer
"We have seen a lot of markets opening," Hellen Mathuka, the airline's chief financial officer, told an investor briefing.
Total costs edged down 3.6%, she said, partly helped by the renegotiation of plane leasing contracts with leasing firms, which led to significant savings.