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After a turbulent couple of years in which the national airline Kenya Airways made record losses, things seem to be finally looking up. The airline posted an after tax loss of Ksh. 10.2 Billion down from Ksh. 26.2 Billion in 2016.

This decrease in the loss was due in a large part to cost cutting measures undertaken by the airline. This has seen their total operating costs decline to Ksh. 65.3 Billion down from Ksh. 67.8 Billion the previous year. Fleet ownership costs also went down by a massive 47.5% to Ksh. 15.5 Billion, this was due to the leasing of some of the planes the airline had bought.

Their turnover experienced a slight decline to stand Ksh. 106.2 Billion against Ksh. 116 Billion the previous year. This left them with an operating profit of Ksh. 897 Million against a loss of Ksh. 4 Billion the previous year. During the period passenger numbers rose by 5.4% to 4.5 Million while revenue from cargo dropped by 14.6% to Ksh. 56.8 Billion due to the phasing out of the wide body aircraft. The airline also reported currency loses of Ksh. 4.1 Billion.