KQ narrows loss to Sh22.6b as revenues near pre-Covid levels

Kenya Airways Group CEO Allan Kilavuka addressing during the hand over Boing aircraft from Kenya Airways to Mangu High School at the Kenya Airways Headquarters JKIA in Nairobi on September 20, 2023 [Boniface Okendo, Standard]

Kenya Airways (KQ) has cut its net loss to Sh22.67 billion over the year to December 2023, a 41 per cent reduction from Sh38.26 billion that it reported in 2022.

The carrier said this was on account of ongoing recovery and turnaround initiatives that saw its revenues recover and nearly reach the levels witnessed before the Covid-19 pandemic hit the industry.