Kenya Airways CEO Allan Kilavuka during the launch of the resumption of international flights at the Jomo Kenyatta International Airport (JKIA) Nairobi on August 1, 2020. The carrier also slashed staff salaries by between 25 per cent and 75 per cent, depending on the job cadre. As previously indicated, KQ expects to operate under 50 per cent of its capacity at the end of the 2020-21 financial year against pre-Covid levels. The CEO is also banking on the process of renationalisation to gain the confidence of the market and speed up recovery. While the global aviation industry is set to start recovery in 2021 and possibly normalise by 2022, KQ expects Kenya’s elections scheduled for 2022 to affect travel demand.

Source: Standard Digital September 15, 2020 03:56 UTC