Kenya Airways Releases HY 2022 Results
Kenya Airways PLC (KQ) released its Half Year (HY) financial results for the six months ending June 2022. The Group’s ...
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Kenya Airways PLC (KQ) released its Half Year (HY) financial results for the six months ending June 2022.
The Group’s total revenue stood at Kshs 48,104 million, recording a 76% increase compared to the same period last year. This increase is mainly attributed to a significant growth in passenger revenue which grew by 109%, and cargo revenue which increased by 18%.
“It is also important to note that these results were further affected by the high price of aviation fuel which is over 65% more than last year. If we adjusted for the fuel price spike, the operating profit for the period would have been Kshs 1.5B.”-Michael Joseph, Board Chairman, KQ.
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