30 July 2015 1 Min Read
KQ posts biggest loss yet in last financial year
by Brian Ndungu Habari
Photo source: businessdailyafrica.com
National carrier Kenya Airways has reported a 25 billion shilling loss after tax, in the last financial year, the biggest loss to be posted by a Kenyan company.
Managing Director Mbuve Ngunze attributes the loss to competition from Middle East carriers, high operating costs and a drop in tourism travels following travel advisories.