Kenya Airways cuts losses to Sh7.5b but future still on edge

Kenya Airways Chairman Michael Joseph (L) and CEO Sebastian Mikosz when they appeared before the National Assembly Transport Committee over the JKIA sale at County Hall, Nairobi. [Boniface Okendo/Standard]

Kenya Airways (KQ) has reported a Sh7.5 billion loss for the full year to December 2018 even as its board mulls making a proposal to the Government to nationalise the airline as an alternative to the controversial Jomo Kenyatta International Airport (JKIA) takeover plan that has been met with resistance.

The national flag carrier reported a Sh6.3 billion loss in the nine months to December 2017.