Kenya Airways Issues Profit Warning; Cites Competition, Reporting Rules

aircraft
Kenya Airways Embraer 190
Credit: Rob Finlayson
Nairobi-based Kenya Airways has warned that its full-year earnings are expected to drop by more than a quarter because of financial reporting changes, tough competition and lower yields. “Earnings for the current financial year [ending Dec. 31, 2019] are expected to be lower by at least 25% than the...

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