Adds particulars
Adds particulars
NAIROBI, March 23 (Reuters) – Kenya Airways stated on Tuesday its pretax loss for final yr tripled to 36.57 billion shillings ($333.2 million) because the coronavirus disaster hit demand for journey.
The provider, which is part-owned by Air France KLM AIRF.PA, stated its income plunged by greater than half in the course of the interval, as lockdown measures decreased passenger ranges.
“2020 was in fact one of many worst years for aviation,” Michael Joseph, its chairman, informed a web based investor briefing.
Cargo volumes additionally went down in the course of the interval, because the provider grounded some flights, resulting in decreased stomach area.
The airline’s fundamental loss per share jumped to six.22 shillings in 2020 from 2.23 shillings within the prior yr, it stated.
Like different airways all over the world, Kenya Airways has turned to the federal government for money to assist maintain it going. The corporate is finalising the phrases of long-term financing from the federal government, Joseph stated.
($1 = 109.7500 Kenyan shillings)
(Reporting by Duncan Miriri; Enhancing by Tom Hogue and Andrew Heavens)
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