Tough times as Kenya Airways posts Sh29.7 billion pre-tax loss

KQ Managing Director Mbuve Ngunze blamed the company's loss largely on drop in tourist numbers. (Photo:File/Standard)

National carrier Kenya Airways has reported a pre-tax loss of Sh29.7 billion, in full year results announced Thursday morning.

The results, for the financial year ending March 2015, show the company posted a Sh25.7 billion after-tax loss. This is the biggest loss to be posted by a Kenyan company.