Budget carrier Jambojet sunk into a substantial loss last year, largely driven by negative currency movements, which has stopped it from contributing to the profitability of its parent firm Kenya Airways (KQ).
The national carrier says in its latest annual report that the subsidiary’s tax losses –representing losses from specific business lines and which can be used to reduce tax liabilities in the future— rose to Sh3.94 billion in the review period from Sh2.92 billion in 2023.
