This archive report was first published on 5 July 2020.
Published on July 5, 2020, Kenya Airways is facing a severe financial crisis due to the Covid-19 pandemic, which has led to a significant decline in air travel demand.
The airline's CEO, Allan Kilavuka, has announced a rightsizing exercise that will result in a reduction of the airline's network, assets, and staff.
According to Kilavuka, the airline has commenced a phased staff rationalization process, which is expected to conclude by September 30, 2020.
The airline has grounded all its passenger flights since March and has not been able to sustain its business despite not suspending cargo operations.
Kenya Airways has estimated losses of Sh10 billion due to the Covid-19 crisis, which could soar to Sh50 billion by the end of the year.
The airline joins other global airlines such as Qatar Airways and Fly Emirates that have trimmed their workforce in recent months.
