Kenya Airways Chief Executive Officer, Allan Kilavuka, during the launch the resumption of the International flights at Jomo Kenyatta International Airport (JKIA) Nairobi. August 1, 2020 [Elvis Ogina, Standard]Covid 19 Time SeriesKenya Airways (KQ) has sunk deeper into losses for the first half of this year, battered by a four-month hiatus on passenger travel and reduced volumes of cargo handled. The national carrier reported a net loss of Sh14.4 billion in the six months to June, a 67 per cent decline from a loss of Sh8.5 billion recorded in a similar period last year. The loss for the six-month period is more than the Sh12.99 billion loss the airline posted for the full year in 2019.KQ reported turnover of Sh30.2 billion, a significant reduction from the Sh58.5 billion recorded in 2019. Passenger numbers declined from 2.4 million to 1.1 million, a 55.5 per cent reduction, in the half year ended June 30.

Source: Standard Digital August 28, 2020 21:01 UTC