KQ eyes fresh bailout despite loss narrowing

A KQ plane lands in Mombasa. FILE PHOTO | NMG

Kenya Airways #ticker:KQ (KQ) is eyeing a fresh bailout from the government to steady its operations despite narrowing its half-year loss by a fifth.

KQ chief executive Allan Kilavuka said Thursday the national carrier was in a precarious financial position and that the recovery of revenues to pre-coronavirus levels looks set to delay up to 2024, especially given that Africa lags in the vaccination against the disease.

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