Nairobi — Kenya Airways expects a much better performance in the second half of this year, helped by an improved business environment. Prolonged election uncertainty in Kenya in the second half of 2017 hit passenger numbers. The airline, which is 7.8% owned by Air France KLM, reported that its pretax loss narrowed to Ks3.99bn ($40m) for the first half of 2018, from a loss of Ks5.77bn during the same period last year. In 2018, Kenya Airways changed its financial reporting period to match the calendar year. Previously its financial year was to the end of March. Comparisons given in its first-half results were with January-June 2017. Presidential election In the second half of 2017, Kenya Airways’s domestic and intra-Africa passenger traffic dropped because of jitters over Kenya’s presidential election in August. The election was subsequently nullified by the supreme court and a rerun was held. President Uhuru Kenyatta was elected for a second term and was sworn in in late November. "A...
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