Nairobi-based Kenya Airways reported a net loss of KES10.45 billion ($115 million) for the six months ended Sept. 30, reversing a net profit of KES384 million ($4.2 million) during the same period in the previous financial year. Although revenue for the period was up 5% to KES56.8 billion, costs were also significantly higher, with direct operating costs up 13% to KES42.2 billion, mainly due to an increase in capacity following delivery of five Boeing 787 Dreamliners as part of the ...

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