Kenya Airways issued profit warning

Kenya Airways (KQ) has release a profit warning that it anticipates 25 per cent or more lower earnings for the period ending December 31, 2019 compared to theprevious year.

This leads to widen losses dispite of cost cutting invitiatives in a difficult environment as per hard competition. Fuel, HR and purchase prices of aircrafts were the top poditions of KQ’s expenses;these three areas lumped-up to almost 2/3rd of the operating costs.