Kenya’s troubled national carrier, Kenya Airways, said on Monday that its losses for last year more than doubled to $290 million, the worst results it has posted in its history.
The airline, whose slogan is “The Pride of Africa”, has been running losses for years, despite the government pumping in millions of dollars to keep it afloat.
Full-year losses for the period ended December 2022 were 38.3 billion Kenyan shillings ($290 million), up from $120 million a year earlier, the carrier said, blaming high fuel costs and a weakening Kenyan shilling.
The airline, whose slogan is “The Pride of Africa”, has been running losses for years, despite the government pumping in millions of dollars to keep it afloat.
Full-year losses for the period ended December 2022 were 38.3 billion Kenyan shillings ($290 million), up from $120 million a year earlier, the carrier said, blaming high fuel costs and a weakening Kenyan shilling.