Kenya Airways Plc (NSE: KQ) announced an improvement in 1H18 operating results. Loss before tax narrowed to KES 4.0Bn from KES 5.8Bn in 1H17mainly due to a 41.4% y/y cut in 'other costs', majority of which we attribute to interest expenses. The increase in global fuel prices during 1H18 (+12%) continued posing a challenge to operating results, with direct operating costs up 13.9% y/y mainly contributed by fuel costs which rose 16% y/y. However, overheads and other fleet costs declined 20.4% y/y ...
Kenya Airways Plc (NSE: KQ) announced an improvement in 1H18 operating results. Loss before tax narrowed to KES 4.0Bn from KES 5.8Bn in 1H17mainly due to a 41.4% y/y cut in 'other costs', majority of which we attribute to interest expenses. The increase in global fuel prices during 1H18 (+12%) continued posing a challenge to operating results, with direct operating costs up 13.9% y/y mainly contributed by fuel costs which rose 16% y/y. However, overheads and other fleet costs declined 20.4% y/y ...
Kenya Airways Plc (NSE: KQ) announced an improvement in 1H18 operating results. Loss before tax narrowed to KES 4.0Bn from KES 5.8Bn in 1H17mainly due to a 41.4% y/y cut in 'other costs', majority of which we attribute to interest expenses. The increase in global fuel prices during 1H18 (+12%) continued posing a challenge to operating results, with direct operating costs up 13.9% y/y mainly contributed by fuel costs which rose 16% y/y. However, overheads and other fleet costs declined 20.4% y/y ...
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