Flag carrier Kenya Airways is looking to end a decade in the red next year after narrowing its full-year loss for 2022 by seventeen percent to $43 million and a 66 percent surge in revenues to $900 million. Kenya Airways projects 2024 profit on revenue growth, cost...
One of Africa’s biggest airlines, Kenya Airways narrows losses occasioned by the COVID-19 pandemic as the carrier expects a 20 percent in revenue in 2022, according to its CEO Allan Kilavuka. The carrier in which the government has a 48.9 percent stake saw revenue go...
A fall in revenue from the passenger and other segments were the primary cause of a widening loss at the financially troubled Garuda Indonesia for the nine-month period to 30 September 2021. Operating loss came in at $1.67 billion, a 52.7% year-on-year rise as...
Singapore Airlines (SIA) posted a larger second-quarter loss despite a gradual recovery in passenger traffic and strong performance from the cargo business, due to a higher operating expenditure. As a result, operating loss for the quarter ended 30 September came in...
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