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KQ hits turbulence yet again with worst ever Sh36.2b loss

Kenya Airways aircraft flight from Kigali,Rwanda lands at JKIA during the launch the resumption of the International flights at Jomo Kenyatta International Airport (JKIA) Nairobi, August 1, 2020 [Elvis Ogina,Standard]

The revival of Kenya Airways (KQ) now hinges on Parliament passing a new Bill that will convert the national carrier into a parastatal after it reported a jaw-dropping Sh36.2 billion loss for the year ending December 2020.

The loss is the largest ever reported by a listed firm in the country and is in comparison to a loss of Sh12.9 billion the airline reported in 2019.

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Kenya Airways KQ