KQ’S Q3 OPERATING PERFORMANCE IMPRESSIVELY IMPROVED
Kenya Airways has just released its statistics on the current financial year’s 3rd quarter operating performance, covering the period between October and December 2010.
Overall capacity provided during the period grew by 5.2 percent, across the network, which broken down by geographical regions translates into the following regionalised growth:
Europe +2.5 percent
Middle East, Far East and Asia +2.6 percent
Africa North +16.9 percent
East Africa –7.4 percent
Central Africa remains same
West Africa +15.7 percent
Domestic +29.1 percent
The passenger uptake of the extra seat capacities worked out as follows:
Europe +5.4 percent
Middle East, Far East and Asia +1.8 percent
Africa excluding Kenya +4.2 percent
Kenya +22.4 percent
The domestic performance was largely influenced by KQ’s return to the Malindi and Kisumu routes, and the introduction of the ‘Mombasa Shuttle’ where 10 flights a day operate between Nairobi and Mombasa.
Good news therefore from ‘The Pride of Africa’ and this will undoubtedly translate into a rising share price ahead of the release of the final quarter results for the period Jan – Mar 2011. Well done.