Kenya Airways Posts a Sh10Bln Pretax loss

National Carrier, Kenya Airways posted a pretax loss of 10.83 billion shillings ($126.8 million) for the 2012/2013 financial year ended March 31.

Speaking to the press on Friday, KQ Managing Director Titus Naikuni attributed the decline to the euro-zone debt crisis, anticipated unrest during Kenya's presidential elections, and a string of grenade attacks in the country.