Loading
11-Jul-2016 8:59 AM

Kenya Airways outlines progress of 'Operation Pride' turnaround programme

Kenya Airways stated (08-Jul-2016) it had, over recent months, embarked on a turnaround programme 'Operation Pride' to improve profitability, revisit its operating model and network, and seek a long term sustainable financial structure for its business. Operation Pride will deliver over USD200 million of value in various initiatives, half of which focus on increase in revenue and the other half on cost reduction. The carrier said: "We are on track with our plan, having successfully implemented some of the initiatives such as the sale and sublease of aircrafts, the reduction of waste in catering, and renegotiation of some contracts." It added that it had "made some difficult decisions to make substantial changes on all aspects of our business including reducing our fleet in line with the current fiscal realities". As part of this, the carrier plans to "right size" the organization to align with the reduced fleet size and improve productivity of staff across the network. Group MD and CEO Mbuvi Ngunze commented: "During this period we have stress-tested the accuracy of our right-sizing estimates in order to ensure that we have identified all possible ways to retain staff as well as securing the airlines long term operational efficiency". As part of this, the carrier announced the first phase of redundancies which will impact approximately 80 staff members. [more - original PR]

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More