Air Transport World

Kenya Airways.(Africa/Middle East)(Brief Article)

The African carrier more than tripled earnings in 2003 but cautioned that rising competition on major routes and "global instability" could impact results negatively for the current financial year. The airline, 26% owned by KLM, boosted net profit to 1.3 billion shillings ($16.3 million) on a 10% rise in revenues for the fiscal year ended in March. One of the continent's few profitable carriers, it attributed the increase to introduction of new routes and cost-cutting that included reducing the payroll by 260 to 2,977. …

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