KQ forecasts still grim, despite reduction in losses

Kenya Airways Chief Executive Officer Allan Kilavuka.

Kenya Airways Chief Executive Officer Allan Kilavuka. PHOTO | FILE | NMG

Kenya’s national carrier, Kenya Airways, 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 ($104.36 million) during the six months period to June 30, down from a net loss of 14.32 billion ($130.18 million) in the same period last year.

The reduction in losses was helped by the diversification of the business into cargo and charter flight operations as passenger numbers shrank, wiping out passenger revenues.