Omegascorpi via Bankele shares excerpts of the annual report of Kenyan Airways. The key facts of the report are the following:

FINANCIAL
-2009 turnover of Kshs. 71.829 billion (~$945 million), and operating profit of 4.04 billion, pre-tax loss of 5.66 billion ($74.5 million) owing for fuel hedging.Compare to the 2008 numbers was saw turnover of Kshs.60.47 billion and a pre-tax profit of Kshs. 6.52 billion.
- 76,703 shareholders, 35 243 who have immobilized their accounts.
- KQ has become more sensitive to fuel price changes and less sensitive to currency fluctuations – a 1% increase/decrease in fuel impact the profit by 269 million ($3.5 million). Report does not mention who fuel hedge partners are , but hedges ran up to December 2010.
- KA 49% stake in Tanzania’s Precision Air brought in 62 million in profit

-KA has loans of Kshs.32 billion (with 23 billion or ~$303 million) owed to Barclays, also from ABN Amro and EXIM Bank USA – all at rates between 4.5% and 6.6%

NON-FINANCIAL

-KA website receives 230,000 visits per month and sales resulting from the visits have passed $10 million ( 1% of a year sales)

-KA established an SMS alerrt number No. 7767 is that passengers can use to get information of flight status, delays, cancellations etc.

- On time flights have gone up amid zero tolerance policy on delays

Kenyan Airways who now has 4,240 employees of which ,340 are pilots and 850 are cabin crew members.

Read more .

Editor note KA has social media presence via twitter @kenyaairways Kenya Airways on Facebook,KA on Youtube,KA on Flickr.

Kenyan Airways is traded on the Nairobi Stock Exchange

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