Mr. MTUI
JF-Expert Member
- Feb 18, 2013
- 8,130
- 8,362
Kenya Airways has cancelled more than 52 flights in the first 18 days of August and delayed 40 per cent of its successful trips this year at an astronomical cost to the taxpayer.
According to a confidential memo, which opens a window into what ails the loss-making carrier, frequent cancellations load the airlines with huge accommodation costs that stood at Sh118 million in the last seven months of 2019.
The troubled airline, known by its international code KQ, posted a Sh7.55 billion net loss for the year ending December 2018, as higher costs offset a jump in revenue.
The company’s rising revenue hit Sh114.18 billion, largely driven by passenger bookings.
According to a confidential memo, which opens a window into what ails the loss-making carrier, frequent cancellations load the airlines with huge accommodation costs that stood at Sh118 million in the last seven months of 2019.
The troubled airline, known by its international code KQ, posted a Sh7.55 billion net loss for the year ending December 2018, as higher costs offset a jump in revenue.
The company’s rising revenue hit Sh114.18 billion, largely driven by passenger bookings.