Kenya Airways reports USD91m loss in FY2013

Kenya Airways reported (Sep-2013) a loss after tax of KES7.86 billion (USD91 million) for the year ended 31-Mar-2013, down from a profit of KES1.66 billion (USD19 million) in FY2012. The airline recorded an operating loss of KES9.01 billion (USD104 million) in FY2013, down from a profit of KES1.31 billion (USD15 million) in 2012. Revenue declined 8.4% year-on-year to KES98.86 billion (USD1.14 billion) and costs increased 1.2% to KES107.87 billion (USD1.25 billion) in FY2013. [more - original PR]