Kenya Airways Stock Drops After Profit Misses Estimates

Kenya Airways Ltd., sub-Saharan Africa’s third-biggest airline, fell to a 2 1/2-month low after reporting fiscal-year profit that plunged more than analysts estimated because of higher fuel costs.

Kenya Airways declined 0.7 percent to 13.90 shillings at the close in the national capital, Nairobi, the lowest price since March 27. The stock has fallen 30 percent in 2012, the biggest drop on the Nairobi Securities Exchange All Share Index.