KQ half-year net loss widens to Sh8 billion

Kenya Airways Group Chairman Michael Joseph at the airline’s investor briefing in Nairobi yesterday. [Courtesy]

Kenya Airways (KQ) has sunk deeper into the red, reporting a net loss of Sh8.5 billion in the first half of this year, up from Sh3.9 billion in the same period last year.

The troubled national carrier, which has now shifted its focus to a nationalisation exercise in the latest bid to get out of the red, attributed the loss on an increase in the cost of flying to new routes, new accounting standards and increased staff costs.