×
App Icon
The Standard e-Paper
Read Offline Anywhere
★★★★ - on Play Store
Download Now

Kenya Airways foresees Sh32b losses from weakening shilling

Vocalize Pre-Player Loader

Audio By Vocalize

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.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Business
Muthama Firm to Pay 1 Gemstone Sales to Community
Enterprise
How unpaid work is becoming Africa's unlikely career ladder
Enterprise
Middle East crisis: How MSMEs can beat rising fuel prices
Opinion
AI-driven layoffs: Tech giants now fire humans to pay for machines