Kenya Airways cuts losses nearly in half on higher revenues
Kenya Airways has cut its net loss for the year ended December 31, 2023, as the carrier recorded the first operating profit in nearly 7 years
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Kenya Airways has cut its net loss for the year ended December 31, 2023, as the carrier recorded the first operating profit in nearly 7 years
Kenya Airways (KQ) has reported its tenth consecutive loss after it completed a decade in the red territory with a record Sh38.26 billion full-year loss.
The Group's revenue stood at KES 117 billion, a 66% increase from the previous year. This is 5% below the pre- pandemic reported revenue, indicative of the Groups projected recovery by 2024.
Kenya Airways says it took a Sh1.3 billion financial hit beside the reputation risk that comes with service disruption in the aviation industry.
Kenya Airways (KQ) has reported a Sh38.26 billion net loss for the full year to December.