National carrier Kenya Airways has recorded a pre-tax loss of Sh29.7 billion for the 2014-2015 financial year against Sh4.8 billion during the 2013-2014 financial year. While reporting the findings Thursday morning, KQ's CEO Mbuvi Ngunze attributed the loss to increased overhead costs which he said stand at Sh25 billion. Ngunze added that the fuel costs […]
The post SHOCK: Kenya Airways in a MASSIVE LOSS of Sh29.7billion, FORCED to borrow sh20b to SURVIVE appeared first on Kenya Today.
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