KQ freight flights stall on low cargo volumes
Monday, June 1, 2020 0:01
By GERALD ANDAE
Kenya Airways chief executive Allan Kilavuka.
FILE PHOTO | NMG
Kenya Airways #ticker:KQ has not been operating cargo flights from Nairobi for the last two weeks as demand for freight and growth in capacity stiffens competition, a move that will hit the airline, which was banking on the service to supplement its income.
Chief executive Allan Kilavuka said there is increased capacity and low demand compared to before that is why the carrier has not been operating cargo flights.
“This (a lack of cargo flights) means less income and we will struggle even more than we were before,” Mr Kilavuka told the Business Daily.
Mr Kilavuka said increased capacity had seen a drop in freight charges, meaning that it could not be profitable at the moment for KQ to operate long haul cargo flights using the passenger aircraft.
