T
Originally published by The Standard Business
📰 Read Full Article
August 27, 2025
8h ago

Why KQ is back down to earth

Why KQ is back down to earth

Kenya Airways (KQ) has slid back into loss-making, reporting a net loss of Sh12.15 billion for the half year to June 30 this year, from a profit of Sh513 million reported last year. ..

✨ Key Highlights

Kenya Airways (KQ) has reported a net loss of Sh12.15 billion for the half year to June 30, a significant downturn from last year's profit, primarily due to grounded aircraft. This setback comes after the airline had emerged from years of losses in 2024.

  • The loss is attributed to aircraft unavailability, with three of the airline's Boeing 787-8 Dreamliners grounded due to global supply chain disruptions and engine constraints.
  • According to Chief Executive Allan Kilavuka, the poor performance is a temporary setback, emphasizing that KQ aims to have its full fleet available by 2026.
  • KQ’s revenues dropped 19 percent to Sh74.5 billion, and operating costs declined by 10.5 percent; passenger numbers also fell by 14 percent.
  • The airline is seeking to raise $500 million (Sh64.5 billion) from shareholders to address challenges and drive growth.

Continue Reading

Read the complete article from The Standard Business

📰 Read Full Article