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Kenya Airways cuts loss to Sh9.86 billion in six months

Kenya Airways reports loss.

 A Kenya Airways plane at a parking bay at Jomo Kenyatta International Airport in this photo taken on July 27, 2022. 

Photo credit: Jeff Angote | Nation Media Group

Kenya Airways (KQ) has reported a Sh9.86 billion loss for the six months ending June 2022, a 14.4 percent improvement from the Sh11.5 billion loss the national carrier reported during a similar period last year.

During an Investor briefing on August 24, KQ management blamed the loss on increased fuel costs over the six months, growing interest rates for loans it owes and currency fluctuations.