Kenya Airways' (KQ) net loss widened to Ksh21.7 billion ($149.45 million) in the half-year ended June 2023, representing more than double the Ksh9.9 billion ($68.18 million) loss it made in 2022. Despite this, the national carrier reported its first operating profit in six years.
The loss is largely attributed to foreign exchange costs resulting from a steep depreciation of the Kenyan shilling. The shilling depreciated by about 15 per cent against the US dollar between January and June.
