Kenya Airways Hits Turbulent Times
The financial losses at Kenya Airways has been met with shock as analysts offer varied opinions on what has led to the crisis.
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Kenya:
Kenya Airways Records Record Loss
DW, 4 August 2015
Kenya Airways, the East African country's national carrier, ran into severe head winds last week reporting a record loss. The finance minister now says the airline may need a half… Read more »
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Kenya:
Why Kenya Airways Made Sh26 Billion Loss
Nation, 3 August 2015
Poor management decisions, operational inefficiencies and failure to counter competition are likely to have caused the Sh25.7 billion Kenya Airways loss. Read more »
Kenya Airways
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Kenya:
Will KQ Survive the Debt Trap?
Monitor, 4 August 2015
"This is bullshit," Chris Kirubi, a Kenyan businessman and a key Kenya Airways (KQ) shareholder, scathed over a Shs796.7b loss that Mbuvi Ngunze, the KQ managing director had… Read more »
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Kenya:
Kenya Airways Needs Urgent Government Bailout
East African, 3 August 2015
Kenya Airways (KQ) is in dire financial straits having posted a record Sh25.7 billion ($251 million) loss after tax for the year ending March 2015. Read more »
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Kenya:
Borrowers Likely to Be Hit Again As CBK Saves Ailing Shilling
Nation, 4 August 2015
The Central Bank could raise its policy rate at a meeting Wednesday to salvage the shilling from weakening further against the dollar. Read more »
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Kenya:
Putting KQ Back On Track Won't Be a Walk in the Park
Nation, 4 August 2015
Kenya Airways' Sh25.7 billion historic loss has sent shockwaves across the corporate world with analysts giving varied opinions on what led the carrier to fly into such a turbulent… Read more »
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Kenya:
Senate Blames KQ Managers for Huge Loss
The Star, 4 August 2015
A committee of the National Assembly has summoned two Cabinet Secretaries to shed light on the crisis at Kenya Airways. Read more »
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Kenya:
EACC Will Not "Voluntarily" Probe Kenya Airways Over Sh26 Billion Loss
Nation, 4 August 2015
The anti-corruption commission has said it may not "voluntarily" investigate the Sh 25.7 billion loss reported by Kenya Airways. Read more »
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Kenya:
Kenya Airways' Slide Continues, Price at 13-Year Low
The Star, 4 August 2015
The shilling strengthened through yesterday and was last trading at 101.344 up more than one per cent. Read more »
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Kenya:
KQ Services Unattractive to Travellers, Parliamentary Probe Finds
East African, 3 August 2015
A Select Parliamentary Committee says Kenya Airways made its service unattractive to customers through high ticket prices and frequent flight cancellations despite intense… Read more »
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Kenya:
Nyong'o Spells Out Committee Findings on What Ails Kenya Airways
The Star, 3 August 2015
Expensive ticketing, frequent cancelation of flights and poor customer relationship are the main reasons for Kenya Airway's downfall, Kisumu Senator Anyang' Nyong'o has said. Read more »