The Standard Group Plc is a multi-media organization with investments in media
platforms spanning newspaper print operations, television, radio broadcasting,
digital and online services. The Standard Group is recognized as a leading
multi-media house in Kenya with a key influence in matters of national and
international interest.
Kenya Airways planes at the JKIA, Nairobi, on November 6, 2022. [Denish Ochieng, Standard]
Kenya Airways (KQ) has reported a Sh21.7 billion net loss for the half year to June 2023 compared to a Sh9.89 billion loss the carrier posted last year.
KQ said the loss was due to a weak shilling that resulted in high foreign exchange losses as well as increase in the cost of repaying foreign currency-denominated loans.
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