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2010-2011 Full Year Press Announcement

Kenya Airways recorded two historic milestones during the financial year ended 31 March 2011 despite the challenging economic and geopolitical environment witnessed in quarter four. For the first time in its history, the airline surpassed the 3 million passenger mark during March 2011. In the same financial year, the airline turnover exceeded the one billion US dollar mark.    The Airline successfully launched five new destinations namely Muscat, Juba, Luanda, Nampula, Rome and re-introduced the Malindi route.

 

The Board is pleased to announce that Kenya Airways profits have continued to grow. The airline achieved a record turnover of KShs. 85.8 billion which represents a 21% increase on prior year turnover of KShs.70.7 billion. Profit after tax increased to KShs.3.538 billion compared to the prior year profit of KShs.2.035billion. This represents a net profit margin of 4.1%, up from 2.9% achieved in 2009/10. Earnings per share rose to KShs.7.65 from KShs.4.40 reported in the prior year.

Management continued to invest time and resources towards maintaining high levels of safety in all its operations during the period.

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