Kenya Airways says H1 pretax loss at 8.56 bln shillings vs 3.99 bln shillings last year

Kenya Airways says H1 pretax loss at 8.56 bln shillings vs 3.99 bln shillings last year
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  • Country:
  • Kenya

Kenya Airways posted a pretax loss of 8.56 billion Kenyan shillings ($82.95 million) in the first half of 2019, compared with a loss of 3.99 billion shillings in the same period in 2018, it said on Tuesday.

Kenya's parliament voted in July to renationalize the loss-making airline, which is laboring under a mountain of debt and has had three changes of chief executive in the past five years as it struggles to compete with regional rivals. ($1 = 103.2000 Kenyan shillings)

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