African airlines lose Sh860bn as Covid-19 crisis takes its toll

Aeroplanes at the Jomo Kenyatta International Airport in Nairobi. FILE PHOTO | NMG

African airlines continue to sink deeper into financial distress, owing to the economic hardships caused by the Coronavirus.

The airlines, which were already flying in turbulent skies even before the first case of Covid-19 was reported on the continent, have now lost a total of Sh860 billion as at May 2020, a new report reveals.

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