African airlines projected to book Sh500bn losses

A Kenya Airways plane at the JKIA in Nairobi. FILE PHOTO | NMG

African airlines are projected to book a $4.9 billion (about Sh500bn) loss in revenue this year as the aviation industry continues to reel under the weight of Covid-19 containment measures.

The expected 2022 losses, however, will be lower than what was recorded last year by $3.7 billion, implying that the industry is showing some signs of recovery albeit slowly.

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