Kenya Airways Thursday highlighted the scale of the turnaround task at the company when it broke its own record for the country’s worst ever corporate results. The airline reported a net loss of Ks26.2b (US$258m) for 2015-16, up from Ks25.7b in the previous financial year, as its results were hit by a series of one-off items including a poor fuel hedging policy. Kenya Airways is seeking to recover from a failed expansion strategy, and, in spite of the record-breaking loss, analysts drew encouragement from an improvement in the company’s underlying performance. The airline’s operating loss narrowed from Ks16.3b in 2014-15 to Ks4.1b in 2015-16, and one analyst said: “From an operating perspective I think they’re really improving. They’re headed in the right direction and I don’t think they have anything major left to clear.” <br/>