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Kenya Airways embarks on aggressive drive towards profitability | Africanews - 8 Mar 2018 02:18

Africanews

Kenya Airways has embarked on an aggressive campaign for cost savings and premium passengers, after years of losses following a slump in tourism and large debts incurred to buy new aircraft. The campaign is being championed by the airlines’ new chief executive officer who took over the helm in June last year, Sebastian Mikosz. One of Mikosz’s first decisions was to shut the airlines’ outlet in the capital Nairobi’s downmarket Accra Road, which served thousands of small traders who fly to the Far East to buy cheap goods in bulk. We still have to prove that we can produce an operating profit. Polish native Mikosz, who helped turn around flag carrier LOT Polish Airlines as its chief executive, needs to stem those losses before it can begin to pay down $2 billion of debt restructured in November to stave off the airline’s collapse. To achieve this mission, the airline is ...
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