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    Uhuru avoids handshakes as he meets Ruto for Kibaki’s body viewing

    Singer Bahati in tears after nomination certificate is recalled

    Singer Bahati in tears after nomination certificate is recalled

    Court freezes Sh257 million property owned by a prison cleaner who earns Sh20,000 monthly

    Court freezes Sh257 million property owned by a prison cleaner who earns Sh20,000 monthly

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    Impact Organization Power Learn Project launches one million developers for Africa program

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    Twitter expected to accept Elon Musk’s bid to buy company

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    Judge Esther Maina’s illegal verdict disrupts Kenya’s economic environment

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    Senator Linturi to support sex workers if elected Meru governor

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    Infinix launches mobile wallet in partnership with PalmPay

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    AMVCAs to host Hollywood stars Saturday

    Double finale as Single Kiasi and Crime and Justice come to an end

    Double finale as Single Kiasi and Crime and Justice come to an end

    Kenya to meet Fiji, USA at Vancouver Sevens

    Kenya to meet Fiji, USA at Vancouver Sevens

    FIFA World Cup trophy to land in Kenya in May

    FIFA World Cup trophy to land in Kenya in May

    Black Shines Brightest with Fireboy DML as he tours Nairobi National Park – PHOTOS

    Black Shines Brightest with Fireboy DML as he tours Nairobi National Park – PHOTOS

    Explosive Kenyan Telenovela ‘Salem’ to premiere on Maisha Magic Plus on Monday as Selina exits stage

    Explosive Kenyan Telenovela ‘Salem’ to premiere on Maisha Magic Plus on Monday as Selina exits stage

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    #BabaTheArtist: Raila finally releases much anticipated ‘Leo Ni Leo’ campaign song – VIDEO

    SportPesa CEO joins politics, eyes Kasarani seat – VIDEO

    Two suspects wanted in the UK for murder arrested in Nairobi

    Showmax announces return of Crime & Justice Season 2

    Nairobi West Hospital launches helipad in bid to enhance emergency services – PHOTOS

    Newcastle United become football’s richest club ahead of Man City, Chelsea & PSG

    Odibets heeds Khaligraph’s call, unveils online rap challenge

    Twenty-one year old fraud suspect who hacked IEBC server arrested in Juja

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    Trace launches campus tour series dubbed ‘Trace in the City’ – PHOTOS

    Trace launches campus tour series dubbed ‘Trace in the City’ – PHOTOS

    F1 Feature: How new regulations are shaking up the world’s fastest sport

    F1 Feature: How new regulations are shaking up the world’s fastest sport

    More motorsport and WWE thrills for SuperSport viewers!

    Watch: Pinky Ghelani returns to the catwalk as the show stopper – PHOTOS

    Watch: Pinky Ghelani returns to the catwalk as the show stopper – PHOTOS

    Maisha Magic is looking for pitches and ready-made movies

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    Mwalimu Rachel scores Dubai Deal

    Police on high alert as Nairobians prepare to usher in weekend in style

    Lab 254 founder Ian Tico Crowned winner of Red Bull Dance Your Style

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  • Home
  • News
    Accident

    Eight mourners killed in Naivasha in dawn crash

    Suspect

    Mirema assassin used a stolen police firearm to shoot Samuel Muvota

    Samuel Muvota

    Slain Mirema man had 7 wives, arrested 30 times DCI says

    Bus

    Bus driver drives to DCI over bhang smoking passengers

    Meeting

    Uhuru, Ruto sit next to each other during cabinet meeting at State House

    Thika Police Station

    Manhunt on for 8 robbery with violence suspects who escaped custody in Thika

    Uhuru avoids handshakes as he meets Ruto for Kibaki’s body viewing

    Uhuru avoids handshakes as he meets Ruto for Kibaki’s body viewing

    Singer Bahati in tears after nomination certificate is recalled

    Singer Bahati in tears after nomination certificate is recalled

    Court freezes Sh257 million property owned by a prison cleaner who earns Sh20,000 monthly

    Court freezes Sh257 million property owned by a prison cleaner who earns Sh20,000 monthly

  • Business
    Safaricom

    Safaricom net profit drops by 1.7pc to Sh67B

    Talent Factory Academy

    MultiChoice Talent Factory Academy calls for class of 2023

    Impact Organization Power Learn Project launches one million developers for Africa program

    Impact Organization Power Learn Project launches one million developers for Africa program

    Facebook

    Facebook sued in Kenya over claims of exploitation and poor working conditions

    Twitter expected to accept Elon Musk’s bid to buy company

    Twitter expected to accept Elon Musk’s bid to buy company

    Judge Esther Maina’s illegal verdict disrupts Kenya’s economic environment

    Judge Esther Maina’s illegal verdict disrupts Kenya’s economic environment

    Senator Linturi to support sex workers if elected Meru governor

    Senator Linturi to support sex workers if elected Meru governor

    Infinix launches mobile wallet in partnership with PalmPay

    Infinix launches mobile wallet in partnership with PalmPay

    DStv Business Packages tailor made for stress free viewing

    DStv Business Packages tailor made for stress free viewing

  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    Showmax

    Showmax hosts exclusive screening of new series ‘Igiza’ featuring Serah Ndanu – PHOTOS

    Talent Factory Academy

    MultiChoice Talent Factory Academy calls for class of 2023

    AMVCAs to host Hollywood stars Saturday

    AMVCAs to host Hollywood stars Saturday

    Double finale as Single Kiasi and Crime and Justice come to an end

    Double finale as Single Kiasi and Crime and Justice come to an end

    Kenya to meet Fiji, USA at Vancouver Sevens

    Kenya to meet Fiji, USA at Vancouver Sevens

    FIFA World Cup trophy to land in Kenya in May

    FIFA World Cup trophy to land in Kenya in May

    Black Shines Brightest with Fireboy DML as he tours Nairobi National Park – PHOTOS

    Black Shines Brightest with Fireboy DML as he tours Nairobi National Park – PHOTOS

    Explosive Kenyan Telenovela ‘Salem’ to premiere on Maisha Magic Plus on Monday as Selina exits stage

    Explosive Kenyan Telenovela ‘Salem’ to premiere on Maisha Magic Plus on Monday as Selina exits stage

    Anerlisa Muigai ordered to pay ex-boyfriend Sh2m in defamation case

  • Tech

    Hello world!

    #BabaTheArtist: Raila finally releases much anticipated ‘Leo Ni Leo’ campaign song – VIDEO

    SportPesa CEO joins politics, eyes Kasarani seat – VIDEO

    Two suspects wanted in the UK for murder arrested in Nairobi

    Showmax announces return of Crime & Justice Season 2

    Nairobi West Hospital launches helipad in bid to enhance emergency services – PHOTOS

    Newcastle United become football’s richest club ahead of Man City, Chelsea & PSG

    Odibets heeds Khaligraph’s call, unveils online rap challenge

    Twenty-one year old fraud suspect who hacked IEBC server arrested in Juja

  • Sports

    Hello world!

    #BabaTheArtist: Raila finally releases much anticipated ‘Leo Ni Leo’ campaign song – VIDEO

    SportPesa CEO joins politics, eyes Kasarani seat – VIDEO

    Two suspects wanted in the UK for murder arrested in Nairobi

    Showmax announces return of Crime & Justice Season 2

    Nairobi West Hospital launches helipad in bid to enhance emergency services – PHOTOS

    Newcastle United become football’s richest club ahead of Man City, Chelsea & PSG

    Odibets heeds Khaligraph’s call, unveils online rap challenge

    Twenty-one year old fraud suspect who hacked IEBC server arrested in Juja

  • Events
    Trace launches campus tour series dubbed ‘Trace in the City’ – PHOTOS

    Trace launches campus tour series dubbed ‘Trace in the City’ – PHOTOS

    F1 Feature: How new regulations are shaking up the world’s fastest sport

    F1 Feature: How new regulations are shaking up the world’s fastest sport

    More motorsport and WWE thrills for SuperSport viewers!

    Watch: Pinky Ghelani returns to the catwalk as the show stopper – PHOTOS

    Watch: Pinky Ghelani returns to the catwalk as the show stopper – PHOTOS

    Maisha Magic is looking for pitches and ready-made movies

    SuperSport to air Winter Olympics live

    Mwalimu Rachel scores Dubai Deal

    Police on high alert as Nairobians prepare to usher in weekend in style

    Lab 254 founder Ian Tico Crowned winner of Red Bull Dance Your Style

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KQ forecasts Sh50bn revenue loss as aviation industry reels from shutdown

Naihaps by Naihaps
June 27, 2020
in Business, News
Reading Time: 2 mins read

National carrier, Kenya Airways, Friday said it has lost in excess of Sh10 billion in revenue since January further predicting up to Sh50 billion loss by December in the wake of the coronavirus pandemic.

KQ Chief Executive Officer Allan Kilavuka told journalists the airline is ready to resume flights by July in order to mitigate further losses associated with the global pandemic.

“Our estimates is that since January to date, we have probably lost around USD 100 million (Sh10 billion), when we estimate to the end of the year we will loose USD 400 million to 500 million (Sh40-50 billion),” Kilavuka said.

KQ posted a net loss of Sh12.98 billion for the year which ended December 2019, compared to the Sh7.558 billion loss posted a year earlier.

While affirming the airline’s readiness to resume flying, KQ’s Chairperson Michael Joseph pleaded with the government to open the skies in order to facilitate resumption of flights which will revive revenues generated from the airline-related businesses.

The Airline’s CEO affirmed that resumption of flights will reduce the financial burden felt by the tourism and hospitality sector, allow tourists to the country and secure jobs for many Kenyans.

“Our plea is that can we start flying as soon as possible, even if it is at reduced level, any commercial flights will help us a lot, so can we start earning revenue, bring  tourists to Kenya, bring business meetings, hotels will open, create more job and get more people to work,” he said.

“There is a limit to how much business can be conducted virtually,” the KQ Chairperson asserted.

The government banned all international flights in March with the exception of cargo flights whose crew are limited to a maximum of three.

The situation was further compounded by ban on domestic flights which took effect when the government imposed cessation of movement which is now in effect in Nairobi Metropolitan Area, Mombasa and Mandera counties.

KQ’s CEO further noted that the firm  has suspended its expansion drive and will not launch new routes for the next two  years due to financial inadequacies.

Upon resumption of flight operations, Kilavuka noted that national carrier will insist of wearing of mask by passengers, ruling out the possibility of adjusting sitting capacity in its aircraft to facilitate social distancing saying the reconfiguration may not be economically viable.

“We will not do social distancing because there is little scientific proof that there is extra risk of transmission. Reducing seats will be uneconomical and tickets will rise by 60 per cent,” he said while responding to a series of questions from journalists.

As of July 26, Kenya had reported 132 virus-related deaths. Documented infections since March 14 totaled 5,384 people with 1,857 patients having recovered since April 1.

Tags: Kenya Airways
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