Kenya Airways posts worse ever loss of SH38.36bn in spite of increased revenue

Kenya Airways reported a net loss of Sh38.36bn, almost more than double than last year in FY ending December 2022 citing rise in financing costs after the government took over servicing one of the dollar-denominated loans. The airline had reported a loss of Sh15.86 bn in 2021. The airline’s board is optimistic and claims to break even this year and even end-up in profit by 2024. Kenya Airways posted profit for the last time in 2012 with net earnings of Sh1.66bn. An optimistic Allan Kilavaku, CEO, Kenya Airways said: “We are emerging. I am very excited with what we are