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Kenya Airways headed for a loss-Citibank

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KENYA Airways is facing bad days ahead, according to a global investment research firm which is projecting another loss for the airline in the second half of its financial year ending March 2013. An analysis by Citibank group's research arm that has just been released says KQ will post an operating loss of Sh9.9 billion compared to a profit of Sh1.6 billion posted as at financial year ending March 2012. The national carrier is expected to release its full year financial result on June 14. Citi says the loss will be due to lower passenger numbers especially in the European routes. "Kenya...

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