Kenya Airways isn’t worth bailing out

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Kenya Airways CEO Allan Kilavuka. PHOTO | DENNIS ONSONGO | NMG

Evolution in economic life helps those with the maximum amount of hidden risks become the biggest. This nugget of wisdom from Nassim Taleb is a lesson we completely missed on Kenya Airways.

Last week, the airline announced that it had nearly tripled its losses, clocking Sh36 billion. This is the worst ever loss in the history of the airline and corporate Kenya.

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Note: The results are not exact but very close to the actual.