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Why drop in fuel prices is not good news for KQ’ s cargo business
The KQ Cargo – initially touted as the airline’s next growth area – has also suffered after the airline cut its fleet of planes from 43 to 36. PHOTO | FILE
Even as it fights to regain financial muscle after its bet on fuel first backfired two years ago, Kenya Airways (KQ) faces another round of uncertainty linked to low petroleum prices.
Its cargo division, launched 12 years ago as next growth area, has increasingly come under pressure, with clients demanding lower charges in proportion to oil prices, its executives
