KQ has now realised that its overreliance on passenger services is its undoing. The airline is already planning to diversify 40 percent of its business to other revenue streams and cut overreliance on passenger services, which forms the bulk of its revenue. At the moment, 90 percent of the Kenya Airways revenue comes from passenger services with a paltry 10 percent from cargo. “The cost of using a passenger aircraft is higher than a freighter because of too much wasted space as the cargoes are placed on the seats,” he said. All other major airlines have also deployed their passenger aircraft for ferrying of cargo across the world.

Source: Daily Nation May 06, 2020 08:48 UTC