26.2 C
Accra
Saturday, October 25, 2025
WorldKenya Airways incurs more losses over Covid-19

Date:

Kenya Airways incurs more losses over Covid-19

Image caption: The airline was struggling to cope with losses before the coronavirus pandemic

Kenya Airways has posted a pre-tax loss of $133m (£100m) for the first six months of the year, as its performance stalled during the coronavirus pandemic.

The national carrier was already struggling to cope with losses and tough competition from rivals before the Covid-19 outbreak forced governments to ground airlines.

The company has revealed that it lost revenues of $100m between January and June, as passenger numbers fell 56%, compared to last year.

The airline told investors in a statement that it will take a long time to recover with “reduced demand in passenger business and increased costs due to tight health and safety measures”.

Kenya Airways, which is due to be nationalised by the government, also admitted its “business focus for the rest of 2020 will be ensuring” survival.

In recent weeks the carrier has confirmed it will reduce the number of routes it flies and continue to lay off staff.

Source: bbc.com

[forminator_poll id="710479"]

Latest stories

Pin Up Casino — Официальный портал и альтернативные способы доступа к игровой платформе через зеркальные сайты (2025)

▶️ ИГРАТЬ В мире онлайн-гемблинга, где постоянно появляются новые проекты,...

“Don’t make me and Stonebwoy fight ooo”- Samini warn netizens

Veteran dancehall musician, Samini has warned netizens to resist...

Kanye West’s Heil Hitler song bans him from entering Australia

US rapper Kanye West has been banned from entering...

Agradaa describes moment shared with President Mahama heavenly – Agradaa

Evangelist Patricia Asiedua, popularly known as Agradaa, shared a...

Dada Joe Remix extradited to face romance scam charges in USA

Ghana’s nightlife mogul and alleged crypto kingpin, Nana Kojo...

Govt launches 24-Hour Economy policy today

The government's flagship, 24-Hour Economy Policy, will be launched...

Related stories

US travel ban against Togo, Libya, others takes effect today

Effective today, Monday, June 9, nationals of twelve countries...

Pakistan: Police in search of over 200 inmates following earth tremor

Over 200 inmates are currently on the run after...

Pope Leo XIV shares canonical acceptance

Cardinal Robert Francis Prevost has officially accepted his election...

Profile of the new Pope – Cardinal Robert Francis Prevost

"Peace be with all of you!" - the first...

Cardinal Robert Francis Prevost named as the 267th Pope, takes the name Pope Leo XIV

Cardinal Robert Francis Prevost has been elected as the...

Black smoke signals end of first day of conclave to elect new pope

A thick column of black smoke rising from the...

Siemens exec and his family involved in fatal Hudson helicopter crash

Tragedy struck New York City on Thursday when a...