Airline Finance News - Africa / Middle East.Nov 6, 2006 Kenya Airways Kenya Airways, the national airline of Kenya, based in Nairobi, Africa, started operations on 4 February 1977 It operates scheduled services throughout Africa and to Europe and the Indian subcontinent, with its main base at Jomo Kenyatta International Airport, Nairobi. Kenya Airways posted a net profit of KES KES In currencies, this is the abbreviation for the Kenyan Shilling. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2.43 billion ($33.6 million) in the first half of its fiscal year ended Sept. 30, an 8.9% increase over the KES2.23 billion earned in the corresponding six months last year. The carrier said it is committed to expanding despite concerns over fuel costs, security and increased competition. It will add a fourth 777-200ER in February and replace its two Saab 340s with regional jets. Revenues rose 12.3% to KES28.47 billion and expenses climbed 14.7% to KES24.38 billion. Operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. was up 0.2% to KES4.09 billion. KQ said passenger traffic increased 7% but load factor dropped 1.5 points to 75.2%. Yields fell 2% "partly due to a greater proportion of long-haul route expansion with its normally lower yields than short haul Short distance. Short haul implies traversing a small geographic area such as a few miles at most. Contrast with long haul. See line driver. ." Oct 30, 2006 Turkish Airlines Turkish Airlines moves closer to Star membership, projects 2006 revenue increase. Turkish Airlines President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Temel Kotil  This biographical article or section is written like a resume.Please help [ improve this article] by revising it to be and encyclopedic. () Dr. said yesterday in Istanbul that the carrier is moving forward with preparations to join the Star Alliance and expects to achieve full membership by the fourth quarter of 2008 at the latest. Nov 2, 2006 Z Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To Subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Oct 30, 2006 |
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