African airlines staring at Sh480bn loss on costly fuel

Kenya Airways and Ethiopian Airlines planes at Kamuzu International airport in Malawi. PHOTO | COURTESY

African airlines are expected to record $4.1 billion (Sh480 billion) loss this year on the back of expensive fuel that is eroding the gains made by a recovering business.

Africa Airlines Association (AFRAA) says expensive jet fuel and other expenses involved in running the airlines will weigh down on the profits.

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