Kenya Airways foresees Sh32b losses from weakening shilling

Kenya Airways Group Chief Executive Allan Kilavuka. [Elvis Ogina, Standard]

Kenya Airways (KQ) expects to get a major beating from the continued slide of the Kenya Shilling.

The carrier on Tuesday told MPs that it expects the losses directly attributed to the weakening of the shilling against the US to hit Sh32 billion by December this year. This could double by the end of next year to Sh64 billion.