• About Us
  • Photo Gallery
  • Privacy Policy
  • Terms Of Use
Sunday, June 26, 2022
Republic Media Online
Advertisement
  • Home
  • News
  • Politics
  • Business
  • Showbiz
  • Sports
  • Foreign
  • Coronavirus
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Showbiz
  • Sports
  • Foreign
  • Coronavirus
  • Opinion
No Result
View All Result
Republic Media Online
No Result
View All Result
Home Business

Kenya Airways blames record $332m loss on Covid-19

Kenya Airways has made a record net loss of $332m (£241m) in 2020, compared to $118 million the previous year.

megadmin by megadmin
March 23, 2021
in Business, General, News, Top Stories
0 0
0
Kenya Airways blames record $332m loss on Covid-19
0
SHARES
15
VIEWS
Share on FacebookShare on Twitter

Kenya Airways has made a record net loss of $332m (£241m) in 2020, compared to $118 million the previous year.

The 179% increase in loss has been attributed to a complete shutdown in international air travel due to the Covid-19 pandemic.

The national carrier reported that passenger numbers reduced by 65.7% to 1.8 million in the reported year, leading to a $473m loss in revenue.

“The Covid-19 outbreak in 2020 was beyond anyone’s prediction and its impact on the industry is expected to continue affecting air travel demand for the next two to three years,” said the airline’s chairman Michael Joseph.

The airline laid off 650 workers last year, put the remaining staff on pay cuts, sold assets and redirected some passenger planes to cargo business.

The International Air Transport Association (IATA) predicts that African airlines could lose up to $6bn in revenues, affecting 172,000 aviation sector jobs in 2020.

Source: BBC
Tags: Covid 19Kenya Airways
  • Stay tuned.
  • Read more here👉🏼👉🏼👉🏼 https://myrepubliconline.com/
#news
  • @blacksherif_ #blacksheriff
  • Actor Psalm Adjeteyfio dead
https://myrepubliconline.com/actor-psalm-adjeteyfio-dead/
 @republicnewsgh
  • #kofiblogger #championsleague
  • https://myrepubliconline.com/mmore-koko-getting-babies-drunk-ghs-cautions-mothers/
Read more #news #newsalert #newsupdate
  • 06/04/2022
https://myrepubliconline.com/government-is-very-committed-to-sports-veep-bawumia-assures/
  • Tidal waves render over 3,000 people homeless in Ada.
@serwaaamihere 
@tv3_ghana 
#waves
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Showbiz
  • Sports
  • Foreign
  • Coronavirus
  • Opinion

© 2021 All Rights Reserved myrepubliconline.

Welcome Back!

Sign In with Facebook
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist