{"id":15899,"date":"2020-06-26T23:37:50","date_gmt":"2020-06-26T23:37:50","guid":{"rendered":"https:\/\/www.kumasionlinegh.com\/?p=15899"},"modified":"2020-06-26T23:37:52","modified_gmt":"2020-06-26T23:37:52","slug":"kenya-airways-expects-to-lose-500million-this-year","status":"publish","type":"post","link":"https:\/\/www.kumasionlinetv.com\/?p=15899","title":{"rendered":"Kenya Airways expects to lose $500million this year"},"content":{"rendered":"\n<p><strong>Kenya Airways is anticipating losing over $500million in 2020 as part of the effects of the COVID-19 pandemic.<\/strong><\/p>\n\n\n\n<p>The Chief Executive Officer (CEO) of Kenya Airways, Allan Kilavuka told BBC that because of the anticipated loss, the airline would have to make hard decisions.<\/p>\n\n\n\n<p>These painful decisions include laying off staff and selling off key assets even as the airline secures more than $70m in an emergency bailout to stay afloat.<\/p>\n\n\n\n<p>Mr Kilavuka said that a restructuring plan has been developed and awaiting board approval.<\/p>\n\n\n\n<p>He said the company will mainly be working on a strategy to diversify its business away from passengers to cargo.<\/p>\n\n\n\n<p>The airline recorded a $122m net loss in 2019 attributed to higher operating costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kenya Airways is anticipating losing over $500million in 2020 as part of the effects of the COVID-19 pandemic. The Chief Executive Officer (CEO) of Kenya Airways, Allan Kilavuka told BBC that because of the anticipated loss, the airline would have to make hard decisions. These painful decisions include laying off staff and selling off key [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":15900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"iawp_total_views":0,"footnotes":""},"categories":[41],"tags":[],"class_list":["post-15899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kenya Airways expects to lose $500million this year - Kumasi Online TV<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kumasionlinetv.com\/?p=15899\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kenya Airways expects to lose $500million this year - Kumasi Online TV\" \/>\n<meta property=\"og:description\" content=\"Kenya Airways is anticipating losing over $500million in 2020 as part of the effects of the COVID-19 pandemic. The Chief Executive Officer (CEO) of Kenya Airways, Allan Kilavuka told BBC that because of the anticipated loss, the airline would have to make hard decisions. 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