Kenya Airways’ (KQ) net loss has more than doubled to hit a record Ksh38.26 billion ($290.62 million) in the financial year ended December due to a rise in financing costs after the government took over servicing one of the dollar-denominated loans.
The net loss grew 1.4 times from Ksh15.87 billion ($120.55 million) posted in 2021 and takes the national carrier’s accumulated loss to Ksh172.68 billion ($1.3 billion).
