KQ cuts loss to Sh9.9 billion, held back by high fuel costs

Kenya Airways (KQ) plane at the JKIA. [Edward Kiplimo, Standard]

Kenya Airways (KQ) has reduced its loss by 14 per cent on the recovery of the global travel industry. However, high fuel prices continue to slow down its recovery.

The airline reported a net loss of Sh9.89 billion for the half-year to June 30, this year compared to a loss of Sh11.49 billion reported over a similar period in 2021.