Kenya Airways first-half loss narrows to 9.9 billion as Travel restrictions ease

Kenya airways the Kenyan National Carrier has maintained a positive recovery path after it recorded a 15% loss on the first annual half.  While releasing its half financial year results at a virtual briefing, the carrier made 9.89 billion loss for the last 6 months ending June 30th 2022. This is a positive progress comparing to the 11.49 billion loss they made in 2021 on the same period. KQ noted that the loss was a result of high fuel cost noting that it spent 11 billion on fuel during the period. They however noted that removal of travel restrictions have positively impacted them in reducing the losses.

Kenya Airways total revenue stood at Kenya Shillings 48 104 Billion which is a 76% increase compared to revenue made last year at the same period.

KQ carried 1.6 Million passengers during the period an 85% increase for the same period last year.

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