sky

Kenya Airways bets on cargo as pandemic wipes out travel

Kenya Airways is doubling down on cargo as it does not expect its passenger business to recover from the impact of the COVID-19 pandemic until 2024, its CE said Tuesday. The airline, whose joint venture with Air France KLM will expire this September, said its peak summer travel season was almost wiped out after Kenya closed its airspace and losses tripled last year to $333m. “We expect the passenger business to normalise by 2024. It is a volatile situation dependent on very many things,” CE Allan Kilavuka told Reuters after an investor briefing. To blunt the impact, Kenya Airways plans to boost its share of the outbound cargo market to 35% by 2025 from 10%, he said. “What we need is capacity,” Kilavuka said. The airline is converting a second passenger Boeing 787 plane into a freighter to haul cargo from Europe, Asia and the Americas, having converted a similar plane earlier this year.<br/>