Kenya Airways more than halved its losses for the financial year ended March 31, compared to the preceding 12 months. The East African carrier recorded a post-tax loss of KES3.38 billion ($38.6 million), compared to KES7.86 billion in the year-ago period. Various other financial adjustments, including a gain made on hedged fuel contracts, gave a “total comprehensive loss” of KES2.98 billion, compared to KES5.28 billion in 2012-13. Turnover was up KES7.1 billion at KES106 billion. ...

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