Is Kenya Airways dead? Is it just an empty shell that Kenyans are hoping will one day rise and scale the skies like before? Methinks Kenya Airways is dead. Dead but the owners have refused to release the body for the final rites.
In the first 6 months of 2020, the airline has reported 14.7 billion shillings in losses. This is a 67 percent increase in losses as compared to a similar period in 2019 where losses stood at 8 billion shillings.
According to the management, the earnings for the airline were hit hard by the Covid-19 pandemic that is sweeping around the globe.
“During the first half of 2020, operations were severely impacted by the Covid-19 crisis resulting in a depressed half-year results,” said the airline in a statement.
Kenya Airways has been trying to get out of the losses for years but it seems the more it tries, the more it sinks further, and perhaps it is time to let it go. Efforts to nationalize it will only mean that Kenyans will spend billions with nothing coming out of it.
“The network activity from April to June was minimal due to travel restrictions and lockdowns effectively reducing operations to almost nil in connecting our home market to key cities,” the airline said.