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TUKO.co.ke journalist Wycliffe Musalia has over five years of experience in financial, business, and technology reporting and offers deep insights into Kenyan and global economic trends.
Kenya Airways reported a significant loss following the airport workers' strike against the Jomo Kenyatta International Airport (JKIA) lease.
This is according to KQ's chief executive officer (CEO) Allan Killavuka, who shared the impact of the strike.
Speaking to local TV on Monday, September 23, at KICC Nairobi, Kilavuka estimated the cost of the strike at KSh 80 million.
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The CEO noted that the airline was forced to compensate customers whose flights were cancelled.
"Strikes are very bad for us. Not only are they disruptive and inconveniencing our customers, but are also very costly. The last strike on September 11, if we look at the cost of time, rebooking, and compensating customers, among others, is significant."
"We estimate about KSh 80 million in terms of cost for that one-day disruption," said Kilavuka.
Kenya Airways announced delays and cancellation of some flights after the strike took close to 18 hours.
Hundreds of passengers remained stranded at the airport as KQ promised to monitor the situation and offer a solution.
In 2022, the national carrier's estimated loss was about KSh 300 million per day, totalling KSh 1.2 billion for the four days.
This followed a four-day pilots' strike that saw operations grounded and 56 flights cancelled.
Kenya Airways was forced to refund some tickets and rebook passengers with other airlines.
Proofreading by Otukho Jackson, a multimedia journalist and copy editor at TUKO.co.ke
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Kilavuka said the JKIA lease strike cost Kenya Airways about KSh 80 million.
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