The management of Kenya Airways has revealed that the new Nairobi – New York route has yet to yield any profits after being launched in October 2018. However, management expects this streak to be reversed in a years’ time – when it expects to break even. This comes after the company reduced the frequency of flights on the route from seven to five in a week, nessecitated by low seasonal demand (during the winter season). Kenya Airways has been banking on the introduction of the New York flights and other initiatives to support its recovery strategy. Thus, in view of the foregoing, we expect the delay in profitability for the New York route to slow down the airline’s recovery efforts, at least in the short-term.
Kenya Airways New York Flights Set to Break Even In a Year
Faida Research - March 4, 2019 - 0 comments