Kenya Airways is still in the red despite cutting its half-year losses by 20 percent helped by increased revenues from cargo and charter flight operations. This is happening despite the ongoing cash conservation measures, including partial deferment of staff salaries and renegotiations of lease rentals and payment plans with suppliers.
The national carrier which has forecast a grim full-year performance due to the effects of the Covid-19 pandemic, made a net loss of Ksh11.48 billion ($105.32 million) in the six months to June 30, 2021, down from a net loss of 14.32 billion ($131.37 million) in the same period last year.
