Negative net-worth to stalk KQ investors for 4 years

Kenya Airways shareholders are likely to be stuck with a negative net-worth position for the next four years even if the company’s profit position recovers under the restructuring, analysts at Genghis Capital say.

KQ ended up in negative equity position — where total liabilities exceed assets — of Sh5.9 billion for the full-year ended March 2015, with the same widening to Sh33 billion for the half year to September 2015.