NAIROBI (AFP) – Kenya’s troubled national carrier, Kenya Airways, said on Monday that its losses for last year more than doubled to USD290 million, the worst results it has posted in its history.
The airline, whose slogan is “The Pride of Africa”, has been running losses for years, despite the government pumping in millions of dollars to keep it afloat.
Full-year losses for the period ended December 2022 were KES38.3 billion (USD290 million), up from USD120 million a year earlier, the carrier said, blaming high fuel costs and a weakening Kenyan shilling.
It is the 10th consecutive year of losses for the carrier, which last posted a profit in 2012.
