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Kenya Airways sees drop in revenues of between 60 and 70 billion shillings for 2020

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Kenya Airways planes are seen parked at the Jomo Kenyatta International airport near Kenya’s capital Nairobi, April 28, 2016. Picture taken April 28, 2016. REUTERS/Thomas Mukoya/File Photo

Kenya Airways expects to see a drop in revenues of between 60 billion Kenyan shillings ($555.30 million) and 70 billion shillings for full year 2020, its chief executive said on Friday, after posting a wider first half pretax loss.

“In terms of projected revenue for up to the end o the year, we see that we will have a decline of about between 60 and 70 billion shillings, probably more, depending on how the uptake in demand is,” Allan Kilavuka told an online investor briefing.($1 = 108.0500 Kenyan shillings)

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