Kenya Airways Reports Ksh 9.9 Billion Loss In 6 Months

By Juma / Published August 24, 2022 | 11:20 am

KEY POINTS

During the period, KQ uplifted a total of 1.61 million passengers during the period, an 85 percent improvement compared to the prior year's 0.87 million passengers.

Kenya Airways has reported yet another huge loss for the first six months of the year. Kenya Airways making losses is not even a surprise, the surprise is how consistent it has been in making losses, this time 9.9 billion shillings in 6 months.

The recent loss is a 14 percent drop from 11.5 billion shillings in the same period last year. KQ attributed the loss to high fuel costs that saw the airline spend 11 billion shillings during the period under review. Total operational costs were at a five-year high of 57 billion shillings compared to 56 billion shillings in 2017.

During the period, KQ uplifted a total of 1.61 million passengers during the period, an 85 percent improvement compared to the prior year’s 0.87 million passengers.

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About Juma

Juma is an enthusiastic journalist who believes that journalism has power to change the world either negatively or positively depending on how one uses it.(020) 528 0222 or Email: info@sokodirectory.com

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