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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 
Kenya Airways seeks new routes in Europe, Middle East and Asia 

NAIROBI, (Xinhua) -- Kenya Airways on Wednesday said it plans to introduce new routes in Europe, the Middle East and Asia in 2019 in order to boost revenues.

Sebastian Mikosz, chief executive officer of Kenya Airways, told an investor briefing in Nairobi they will begin selling tickets to the new destinations in the next two months in preparation for the launching of the flights.

“The introduction of new routes is part of the strategy to diversify revenues and return the airline back to profitability,” Mikosz said when Kenya Airways released financial results for the six months ending June 30.

Mikosz said the airline is also focusing on the expansion of its network to cater for the growing needs of passengers and to strengthen its footprint in Africa.

In the past three months, the Kenya’s national flag carrier has launched flights to Mauritius and non-stop flights to Cape Town, South Africa, while final preparations are almost complete for its maiden non-stop daily flights to New York on Oct. 28.

Currently, the airline is flying to 52 destinations worldwide with 43 in Africa.

Mikosz added that in order to fully benefit from its direct flights to the United States, the airline is a targeting to sign a code sharing agreement with a U.S.-based airline so that its receives more business from North America.

The CEO said the airline also plans to increase its fleeting size from the current 32 to meet growing demand.

The financial results for the six months ending June 30 indicated that Kenya Airways posted a loss after tax of 40 million U.S. dollars compared to 56.6 million dollars reported in a similar period last year.

Michael Joseph, the chairman of Kenya Airways, said that the improved performance has been attributed to increased passenger traffic and cargo business.

Joseph noted that biggest challenge facing the airline is fuel costs which account for about 40 percent of costs of running the airline. 

           

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