Kenya Airways has reported a loss of Ksh7.8 billion (approximately $75 million) in its full year 2018 financial results.<
The group's total operating costs stood at Ksh115 billion in the 12 months ending December 2018.
The 2018 results are the first since the airline adopted a new financial reporting format to comply with International Accounting Standards (IAS 1, IAS 36 & IAS 37). Therefore the group does not have any comparable results.
Kenya Airways recorded a total revenue of Ksh.114.18 billion, where passenger and cargo revenue contributed to Ksh.95 billon and Ksh.8.5 billion, respectively.
Chairman Michael Joseph said in a statement: "Fuel, personnel and the cost of aircraft top three drivers of airline costs contributing to about two thirds of total operating costs for the airline.
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