(+) KENYA AIRWAYS RECORDS A LOSS OF SH26 BILLION
In July, KQ posted a record post-tax loss of Sh26.2 billion for the year that ended on March 31, up from Sh25.7 billion previously. The national carrier’s foreign exchange loss plunged 703.3 per cent, owing to the stronger dollar, to Sh10.8 billion. But CEO Mbuvi Ngunze said the airline was growing, despite the tough times. KQ had a Sh5 billion fuel burn-off benefit after selling its Boeing 737-300. Passenger numbers rose by five per cent in 2015 from 4.17 million the previous year to 4.23 million.