Kenya Airways’ six-month loss rises to $83 million

Kenya Airways planes are seen parked at the Jomo Kenyatta International Airport near Nairobi, Kenya on March 6, 2019. PHOTO | THOMAS MUKOYA | REUTERS

Troubled national carrier Kenya Airways’ half-year loss more than doubled to Ksh8.56 billion ($83 million), sinking shareholders into a deeper negative equity position of Ksh16.18 billion ($156 million).

The airline attributed the 112 percent widening of loss to increased operating costs in the wake of its expansion into new routes and the return of two Boeing 787 planes that had been sub-leased to Oman Air.