Profit for Kenya Airways

IN A good year for the carrier, Kenya Airways reported a net profit of $41.8 million for its fiscal year up to the end of March 31.  This represents a 73.9% improvement over last year.
“This is an exceptional performance,” said Group Finance Director Alex Mbugua at a briefing in Nairobi.  “We managed to reach two historic milestones in the reporting year, by surpassing the 3 million [annual] passengers mark and exceeding $1 billion [annual] revenue.”
CEO and Group Managing Director Titus Naikuni added: “We have relentlessly pushed our reach to new and promising markets regardless of the increasingly competitive business environment,” before explaining that the carrier was close to announcing a further order for Embraer E-Jets.  This was confirmed at the Paris Air Show.  He also revealed that discussions with a potential lessor for a Boeing 747F are ongoing.  “We have been slow to develop cargo,” he admitted, “but the potential is great.  We did belly cargo but the next step is full freighters.”