News dalla rete ITA

16 Giugno 2020

Kenya

KQ TARGETS SEPTEMBER FOR RETURN OF PASSENGER FLIGHTS

Kenya Airways (KQ)  expects passenger flights to resume earliest in September but with a low capacity,ending over five months of lost revenue due to Covid-19 pandemic.The airline sees this as the best-case scenario, but cautions that the ultimate length of suspension of thepassenger flight business is still uncertain.The airline stopped international flights after a State order on March 22. The order effectively cut offKenya Airways’ flow of new revenues at a time it had no cash reserves.The airline says that discussions with key industry stakeholders are on in relation to safe return topassenger routes. It is expected that the airline will be able to cover its variable costs on resumption.Kenya Airways has been operating only cargo flights for essentials such as medicine but this has notbeen enough to sustain business given that it was already in a loss territory pre-coronavirus.Chief Executive Officer Allan Kilavuka had unsuccessfully applied for a bailout from the National Treasuryto help meet maintenance costs of grounded planes, pay salaries and settle utility bills like security,water and electricity.President on Saturday took a cautious approach to the pandemic, warning that relaxing measures suchas curfews and containment of certain counties by just 20 percent would lead to 200,000 infections and30,000 deaths by December. (ICE ADDIS ABEBA)


Fonte notizia: Business Daily