NET PROFIT FOR KENYA AIRWAYS

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By TESTCustomwebLP TESTCustomwebLP June 3, 2011 14:19

NET PROFIT FOR KENYA AIRWAYS

Kenya Airways has reported a net profit of KES3.54 billion ($41.8 million) for fiscal year ended March 31, 2011. Net profit is 73.9% over the previous year.

Higher volumes and yields in passenger and cargo business pushed revenue up 21.3% to KES85.84 billion. Passenger revenue rose 19.9%, with cargo revenue up 20%.

Passenger yield increased 7.2% to 9.79 cents; while RASK improved 11.7% to 6.78 US cents while CASK heightened 7.1% to 5.27 US cents. Cargo yield per kg. rose 13.7% to 1.49 US cents. Operating profit tripled to KES5.82 billion with an operating margin of 6.8%.

Increased fuel costs pushed up total operating expenses by 16.1% to KES80.02 billion.

The airline is on the brink of an order for eight to 10 E-jets, to add to its 10 E-jet fleet. It is also rumored to be in discussions with a potential lessor for a Boeing 747F.

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By TESTCustomwebLP TESTCustomwebLP June 3, 2011 14:19
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