Kenya Airways posts $59,3m pre-tax loss

NAIROBI — Kenya Airways reported yesterday nine-month pre-tax loss of 5,97 billion shillings ($59,3 million) and an after tax loss of 6,1 billion shillings, hurt by a prolonged election period in the country and rising fuel prices.

Nine-month operating profit stood at 1,3 billion shillings, acting chief financial officer Hellen Mwariri said.

Kenya spent most of 2017 conducting elections, which in addition to effects of drought, hit economic growth.

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