• About
  • Advertise
  • Privacy & Policy
  • Contact
Kenyan Business Feed
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business
No Result
View All Result
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business
No Result
View All Result
Kenyan Business Feed
No Result
View All Result
Home News

Kenya Airways posts Sh7.55bn loss

Kenyan Business Feed by Kenyan Business Feed
Share on FacebookShare on Twitter

[ad_1]

BRIAN NGUGI

By BRIAN NGUGI
More by this Author

Kenya Airways  has posted a Sh7.55 billion net loss for year ended December 2018 as higher costs offset a jump in revenue.

The carrier’s full-year results do not have a comparable period because KQ, as the airline is known by its international code, in 2017 changed its reporting period from ending in March 31 to now end on December 31.

However, KQ had made a net loss of Sh6.41 billion in the 9-month period between April 1 and Dec 31 2017.

The company’s revenue in 2018 hit Sh114.18 billion, largely driven by passenger bookings. Its revenue in the previous 9-month period stood at Sh80.7 billion.

It’s total operating costs stood at Sh114.87 billion in the period under review.

“Fuel, personnel and the cost of aircraft remain the top three drivers of airline costs contributing to about two thirds of total operating cost for the airline,” chairman Michael Joseph said in a statement.

The carrier also cited fuel costs, which rose 73.6 percent to Sh33 billion, as a major challenge.



[ad_2]

Source link


Kenyan Business Feed is the top Kenyan Business Blog. We share news from Kenya and across the region. To contact us with any alert, please email us to [email protected]
Kenyan Business Feed

Kenyan Business Feed

Recommended.

Actor Chris Attoh’s wife who was murdered in the US allegedly had two husbands

May 14, 2019

Gov’t releases two million bags of maize to millers – KBC | Kenya’s Watching

May 17, 2019

Subscribe.

Trending.

Tourism CS Rebecca Miano joins Samburu leaders at the Maralal Camel Derby, which draws 30,000 visitors and boosts cultural tourism in northern Kenya.

Maralal Camel Derby Draws 30,000 Visitors as Festival Anchors Samburu on Global Tourism Map

September 28, 2025
Safaricom and Huawei launch VybCall, Africa’s first Video Ring Back Tone service, transforming mobile caller experiences.

VybCall Rolls Out Under Safaricom and Huawei Partnership to Personalize Caller Experiences

October 23, 2025
Safaricom honours Raila Odinga’s role in advancing technology, Vision 2030, and democratic reforms as business leaders reflect on his enduring impact.

Safaricom Pays Tribute to Raila Odinga’s Enduring National Legacy

October 23, 2025
Tourism CS Rebecca Miano commissions a new TRA fleet to expand inspections and regulatory oversight in Kenya’s tourism sector.

New TRA Fleet Commissioned to Expand Inspections and Enforce Compliance Nationwide

September 28, 2025
Kenyans to enjoy free entry to all national parks on World Tourism Day as government promotes conservation and domestic tourism.

Free Entry to National Parks Announced for World Tourism Day as Sector Pushes Sustainability Agenda

September 28, 2025
Kenyan Business Feed

We focus on news, analysis, and reports about Kenyan business, covering sectors like agriculture, finance, tourism, and technology.

Categories

  • African
  • Agribusiness
  • Courts
  • Education
  • Health
  • Hospitality
  • Manufacturing
  • NetWorths
  • News
  • Reports & Analysis
  • World Business

Popular News

  • First look at the prison where El Chapo may live for the rest of his life

    First look at the prison where El Chapo may live for the rest of his life

    2157 shares
    Share 1040 Tweet 466
  • Sameer Africa CEO Sacked

    1804 shares
    Share 750 Tweet 439

Recent News

Safaricom’s FY25 total impact across economic, social, and environmental domains reached Ksh 1.1 trillion, contributing Ksh 809 billion to GDP through M-PESA value creation, corporate social investment, and operational expansion, highlighting the company’s measurable societal footprint and sustainability initiatives.

Safaricom Achieves Ksh 1.1 Trillion Total Impact Across Economy, Society, and Environment

October 23, 2025
Over 1,000 women gain access to comprehensive fistula treatment, counselling, and rehabilitation services through the M-PESA Foundation’s integrated medical camp in Migori.

M-PESA Foundation Provides Fistula Surgery and Reintegration Services in Migori

October 23, 2025
  • Home
  • African
  • News
  • Education
  • Health
  • Reports & Analysis
  • World Business

© 2025 KBF

No Result
View All Result
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business

© 2025 KBF