The Kenya Airways is counting double losses in the wake of Covid19 pandemic after recording a 66% half year loss from 8.6 billion Shillings to 14.3 billion Shillings.
Compared to last year’s 2.4 million number of recorded passengers, KQ has hit a low count of just one million passengers this year, 55.5% reduction in the number of 2019 recorded passengers.
The revenues booked in the period of seven months reduced by 48% from 58.6 billion Shillings to 30.2 billion Shillings. This is as a result of passangers flights being frozen in the second quarter of the year, as part of measures set to curb the Covid19 epidemic.
The airline now says that its major focus is based on the cash conservation, including deferring of rent leases and supplies payment plans.
Several businesses have greatly been affected by the wake of the epidemic in March 2020. The pandemic has forced some business owners to completely shut down their businesses and even send their employees home.