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Kenya Airways More Than Halves Pre-Tax Loss In 2021

By Dave Simpson

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.

Revenue

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

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"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.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

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Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
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