KENYA AIRWAYS PROFITS SOAR 67%

Kenya Airways has posted an increase in pre-tax profit of 66.7% for the six months to September. The African flag carrier credited the positive results to an increase in the number of passengers and a weaker shilling against the dollar. “We have been concentrating a lot on people and systems in the past six months, which has at least paid off,” Titus Naikuni, CEO Kenya Airways said during the release of the results. Revenue rose to Sh41.21 billion ($511.9 million) during the six-month period from Sh33.5 billion a year-ago, resulting in a pre-tax profit of Sh2.05 billion. “The airline achieved