On Tuesday, 23rd March, Kenya Airways reported one of its biggest loss, which was near three times loss to 36.2 billion in the financial that ended December 31, 2020.
The loss acceleration from Ksh 13 billion a year earlier was attributed to disruption of international travel last year as a result of Covid 19 pandemic.
The ANC party leader Musalia Mudavadi has termed the loss as disastrous and painful to the shareholders. This was the largest loss of the corporate company in the Kenyan history management remains optimistic that the corporate can still recover from the loss, if closely supported by the government alongside its own initiative to derive new partnership and clean up legacy issues such as costs and contracts.
Mudavadi said that won’t be enough, calling for professionalism to be embraced at the corporate. He added that we need experts running the airline so that we don’t have good money chasing bad money.
By: Mikey Mugutsu