Kenya Airways (KQ) has posted a pre-tax loss of $133 million (£100 m) for the first six months of the year, as its performance stalled during the Covid-19 pandemic outbreak.
Kenya Airways sees drop in revenues of between 60 and 70 bln shillings for 2020 https://t.co/iNjmuGEmT4
— Reuters Africa (@ReutersAfrica) August 28, 2020
This loss of £100 million was made between Jan and June 2020.
The financial difficulty we are facing as an airline is not unusual. Across the world every airline is dealing with uncertainty.
— Kenya Airways (@KenyaAirways) August 28, 2020
Michael Joseph, Board Chair #KQHalfYearUpdate pic.twitter.com/BdyVCM3nXe
The airline told investors that it will take a long time to recover. Hence KQ will be focusing on survival for the rest of 2020.
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