Kenya Airways loss narrows to Sh22.6bn as revenues surge
Nairobi, March 26 -- Kenya Airways narrowed its net loss by 40.6 percent to Sh22.6 billion in the year ended December, helped by a surge in revenues.
The company had made a net loss of Sh38.2 billion the year before. Kenya Airways grew its sales 52.8 percent to Sh178.4 billion as it rebuilt its route network and capacity from the depths of the Covid-19 pandemic that disrupted the global aviation sector.
KQ, as the carrier is known by its international code, recorded an improvement in operational results which were however wiped out by losses on foreign exchange and early lease terminations.
The airline posted an operating profit of Sh10.5 billion, reversing an operating loss of Sh5.6 billion a year earlier.
This reflected the faster g...
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