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Corporate

KQ announces improved financials, says strike threat unjustified

A KQ plane at the Jomo Kenyatta International Airport in Nairobi. The airline says its operating profit during the half-year improved by Sh2 billion boosted by an increase of 89,000 in passenger numbers. PHOTO | FILE
A KQ plane at Jomo Kenyatta International Airport in Nairobi. The airline says its operating profit during the half-year improved by Sh2 billion, boosted by an increase in passenger numbers. PHOTO | FILE  

National carrier Kenya Airways has announced that its net loss for the six months to September stands at Sh5 billion, a 58.3 per cent improvement from the Sh12 billion that the airline reported in a similar period last year.

KQ, as the airline is known by its international code, says its operating profit during the half-year improved by Sh2 billion boosted by an increase of 89,000 in passenger numbers to 2.23 million.

The airline has released advance extracts of its financial results (before their official release on October 27) in an attempt to counter a strike threat issued by its pilots.

The Kenya Airline Pilot Association (Kalpa), an association made up of about 450 pilots, has threatened to down its tools on October 18 if the KQ chief executive Mbuvi Ngunze and chairman Ambassador Dennis Awori don’t resign.

Stop ticket sales

“The threatened Industrial Action called for by Kalpa is unjustified and uncalled for. It is also has no basis and is outside the scope of Kalpa’s collective bargaining agreement,” the airline said in a statement.

“The threatened action is already costing Kenya Airways significant losses as passengers have begun to make cancellations immediately the action was published.

“If Kalpa does not forthwith retract its statement, Kenya Airways will have to immediately stop selling tickets on its network, given the costs associated with selling tickets and not carrying these passengers.”

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