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The plunge in travel caused by the coronavirus pandemic drove Kenya Airways into a comprehensive loss of Ksh 46.2 Billion for the year ended December 2020 compared to a loss of Ksh 8.85 Billion for the previous year.
The airline’s total revenues fell by 58.8% to Ksh 52.8 Billion from Ksh 128.3 Billion reported in 2019.
During the period, the airline responded to the crisis by grounding fleets, scaling back service and even cut hundreds of jobs.
Kenya Airways also noted that 705 of the total passengers carried in 2020 were flown during the first three months of 2020.
“Passengers uplifted in 2020 amounted to 1.8 Million, a reduction of 65.7% from the prior year. Similarly, passenger revenues declined by 67.5% from 103,631 Million reported in 2019 to 33,705 million reported in the year 2020…” the airline said in its financial statements.
More to follow…
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