National carrier Kenya Airways (KQ) has reported its biggest half-year loss, weighed down by heavy forex losses and a pile-up of debt that have upset its turnaround plan.
Despite a 56 percent growth in revenues to Sh75 billion, a 43 percent jump in passenger numbers to 2.3 million and its first operating profit in six years, higher costs pushed the airline deeper into the red after it more than doubled its losses to Sh21.7 billion in the six months to June 2023.
