Business
Kenya Airways Made Sh36.5B Loss In 2020
Kenya Airways on Tuesday said its pretax loss for last year tripled to 36.57 billion shillings ($333.2 million) as the coronavirus crisis hit demand for travel.
The carrier, which is part owned by Air France KLM, said its revenue plunged by more than half during the period, as lockdown measures reduced passengers.
Cargo volumes also went down during the period, as the carrier grounded some flights, leading to reduced belly space.
The airline’s basic loss per share jumped to 6.22 shillings in 2020 from 2.23 shillings in the prior year, it said.
($1 = 109.7500 Kenyan shillings)
Kenya Insights allows guest blogging, if you want to be published on Kenya’s most authoritative and accurate blog, have an expose, news TIPS, story angles, human interest stories, drop us an email on [email protected] or via Telegram
US Sets June Deadline For Ukraine and Russia To End War, Says Zelensky
TikTok Told To Change ‘Addictive Design’ By EU Or Face Massive Fines
Nowhere To Hide: KRA Reinstates ‘Nil Returns’ After System Upgrade To Nab Tax Cheats
Crypto Firm Accidentally Sends $44 Billion in Bitcoins To Users
Kenya Freezes Bank Accounts Holding Hundreds of Millions in Suspected Terror Finance Operation
Why A Multibillion Smartmatic Poll System Contract Has Been Linked To Firing Of IEBC CEO Marjan
Kenyan Authorities Foil Two Human Trafficking Attempts at JKIA
The General’s Fall: From Barracks To Bankruptcy As Illness Ravages Karangi’s Memory And Empire
How Slapping Wajir Governor Landed Alleged Pedophile Turkish Tycoon in Hot Soup As Epstein List Links Kenya’s Coastal Underage Sex Scandal With Foreigners
Lobby Group Wants Convicted Zimbabwean Fraudster Wicknell Chivayo Banned From Visiting State House Warning It Threatens Kenya’s Sovereignty
Your Excellency! How Ida’s New Job Title From Ruto’s Envoy Job Is Likely to Impact Luo Politics Post Raila
Epstein Files: Bill Clinton and George Bush Accused Of Raping A Boy In A Yacht Of ‘Ritualistic Sacrifice’
Cooking Fuel Firm Koko Collapses After Govt Blocks Sh23bn Carbon Deal
ABSA BANK IN CRISIS: How Internal Rot and Client Betrayals Have Exposed Kenya’s Banking Giant
EXPOSED: SHA Officials Approve Higher Payments for Family, Friends as Poor Patients Pay Out of Pocket
Kenya Stares At Health Catastrophe As US Abandons WHO, Threatens Billions In Disease Fighting Programmes
Jaramogi Clan Tells Raila Jr, Winnie Against Disrespecting Their Uncle Oburu, Warns of Curses
Inside Nairobi Firm Used To Launder Millions From Minnesota Sh39 Billion Fraud
KRA Can Now Tax Unexplained Bank Deposits
Minnesota Fraud, Rice Saga, Medical Equipment Deal: Why BBS Mall Owner Abdiweli Hassan is Becoming The Face of Controversial Somali Businessman in Nairobi
-
Americas6 days agoEpstein Files: Bill Clinton and George Bush Accused Of Raping A Boy In A Yacht Of ‘Ritualistic Sacrifice’
-
Business1 week agoCooking Fuel Firm Koko Collapses After Govt Blocks Sh23bn Carbon Deal
-
Business6 days agoABSA BANK IN CRISIS: How Internal Rot and Client Betrayals Have Exposed Kenya’s Banking Giant
-
Business3 days agoKRA Can Now Tax Unexplained Bank Deposits
-
Investigations1 week agoPaul Ndung’u Sues SportPesa for Sh348 Million in UK Court, Accuses Safaricom Boss of Sh2.3 Billion Conspiracy
-
Investigations2 days agoEpstein Files: Sultan bin Sulayem Bragged on His Closeness to President Uhuru Then His Firm DP World Controversially Won Port Construction in Kenya, Tanzania
-
Americas6 days agoEpstein Files: Trump Accused of Auctioning Underage Girls, Measuring Genitals and Murder
-
News4 days agoAUDIT EXPOSES INEQUALITY IN STAREHE SCHOOLS: PARENTS BLED DRY AS FEES HIT Sh300,000 AGAINST Sh67,244 CAP