Kenya Airways, the East African country’s national flag carrier, released its financial results for the first half of this year (1H21) in a virtual investor briefing on Thursday afternoon. The group’s total revenues, of 27.35-billion Kenya shillings (Kshs), represented a 9% decrease (apparently, half-on-half, not year-on-year). This was the result of national and international measures aimed at containing the Covid-19 pandemic, which significantly reduced the number of passenger flights the airline could operate. “During the period, the company’s main focus was, and still is, cash conservation,” affirmed Kenya Airways board chairperson Michael Joseph. “The company has exploited opportunities of raising much needed revenue through passenger charters and ramped up cargo operations. Other initiatives undertaken by management include partnerships with other airlines, lease rentals re-negotiations, payment plans with suppliers and partial deferment of staff salaries.”
from Engineering News | Home https://ift.tt/3sSoNZY
