The Airline also blamed travel advisories, particularly from the UK and United States governments. The advisories were issued due to security threats posed by the Al-Shabaab.
Speaking during the announcement of the loss, Kenya Airways Chief Executive Officer Mbuvi Ngunze had this to say:
“We have had turbulent times and this loss is obviously significant. It is, however, important to know that we have made significant investments at a time when the industry generally was going through hard times,”
Mr.Mbuvi Ngunze took over from Titus Naikuni at a time when Kenya airways had reported a net loss of Sh10.5 billion in 2014.
Though the national career got a Sh4.2 billion Treasury bailout this year, it’s now obvious the money will not rescue it.