Kenya Airways revenue down 2%, led by cargo decline in FY2010

Kenya Airways reports the following financial highlights for the 12 months ended 31-Mar-2010 (All Africa, 28-Sep-2010):

• Revenue*: USD874.5 million, -1.6% year-on-year;
  • Cargo: USD66.8 million, -11.5%;
• Profit before tax: USD74.2 million, compared to a loss of USD92.8 million in p-c-p;
• Passenger numbers: 2.9 million, +3.5%;
• Cargo volume: 55,200 tonnes, -0.7%.

* Based on the conversion rate at USD1 = KES80.85