Kenya Airways expects to report a profit for its fiscal year ending March 31 but warned yesterday that the figure will be as much as 25% lower than the KES5.5 billion ($67.8 million) earned in 2007-8. "The benefits that accrue from the decline in jet fuel prices are being offset by the hedge costs, thus impacting on the profitability," Chairman Evanson Mwaniki said in a statement. The Kenyan shilling also has declined against the US dollar. KQ reported a KES736 million profit in the six ...

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