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Kenya Airways Sinks With Ksh 14.7 Billion In Losses

Will Kenya Airways ever come out of the woods? Should we forget about it, perform some final rites and bury it and think of another venture?

The once vibrant airline is now a shell of its former self, moving deeper into losses with each passing day and sending home employees en masse with no hope of ever turning back.

During the month, the airline announced that it was set to fire 50 percent of its pilots to cut down on costs. The announcement came after hundreds of other employees were sent parking as the pandemic continues to bite.

During the first half of 2020, Kenya Airways has reported 14.7 billion shillings in losses, a 67 percent increase in losses as compared to a similar period in 2019 where losses stood at 8 billion shillings.

The airline says the earnings for the airline were hit hard by the Covid-19 pandemic that is sweeping around the globe.

“During the first half of 2020, operations were severely impacted by the Covid-19 crisis resulting in a depressed half-year results,” said the airline in a statement.

Kenya Airways has been trying to get out of the losses for years but it seems the more it tries, the more it sinks further, and perhaps it is time to let it go. Efforts to nationalize it will only mean that Kenyans will spend billions with nothing coming out of it.

“The network activity from April to June was minimal due to travel restrictions and lockdowns effectively reducing operations to almost nil in connecting our home market to key cities,” the airline said.

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