Kenya Airways (KQ) recorded a loss after tax of KES38.26bn ($347m) for the year to December 2022, compared with KES15.89bn in 2021, with the carrier reporting a large one-off loan reclassification as the main cause. Revenues increased 66% YoY to KES116.79bn, up from KES70.22bn in 2021, which the airline said was down to a broad recovery in passenger travel. KQ management said they’re confident the airline will break even next year and report a profit in 2025, although the government said that it would not offer the carrier additional financial support beyond the end of this year.