Kenya Airways has reported a loss for 2022 of $290m, its worst annual performance yet, citing high fuel costs and a weakening Kenyan currency. Revenue increased by 66%, but the airline’s CEO, Allan Kilavuka, pointed out on Twitter that if foreign exchange and the impact of doubling fuel costs were discounted, the carrier would have achieved an operating profit. The airline’s shares have been suspended since 2020 as Kenya’s government explores plans for its full ownership, exempting it from taxes on engines, maintenance and fuel.