Kenya Airways reports worst ever loss of $330m

Kenya Airways planes parked at the Jomo Kenyatta International Airport. FILE PHOTO | REUTERS

Kenya Airways (KQ) net loss has nearly tripled to Ksh36.2 billion (about $330 million), the worst ever in the history of the airline, on account of Covid-19 disruptions that led to a sharp decline in passenger numbers.

The loss, for the financial year ended December 2020, is 2.8 times more than the Ksh12.98 billion ($118 million) net loss it had posted a year earlier, and now deals a major blow to the recovery efforts of the national carrier.