• Home
  • Enterprise
    • SMEs
    • Entrepreneurship
  • Money
    • Banking & Insurance
    • Fintech
    • Investing
    • Loans & Financing
  • Events
  • Niusline TV
  • Resources

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Learn Free Best AI Tools for Marketing in Ten Minutes

April 13, 2023

Maximizing Long-Term Success: 10 Ways to Reinvent Generational Transition in Family-Owned Businesses

April 5, 2023

How to win clients and influence markets with Co-branding

April 4, 2023
Facebook Twitter Instagram
Trending
  • Learn Free Best AI Tools for Marketing in Ten Minutes
  • Maximizing Long-Term Success: 10 Ways to Reinvent Generational Transition in Family-Owned Businesses
  • How to win clients and influence markets with Co-branding
  • How to Stand Out in a Crowded Market in 2023
  • How to stay positive when a business is struggling
  • How to leap into new markets in lean economic times
  • How to pick up when business closes down
  • How to keep an eye on business cash flow during hard economic times
Facebook Twitter Instagram
MyniuslineMyniusline
  • Home
  • Enterprise
    • SMEs
    • Entrepreneurship
  • Money
    • Banking & Insurance
    • Fintech
    • Investing
    • Loans & Financing
  • Events
  • Niusline TV
  • Resources
MyniuslineMyniusline
Home»Enterprise»KQ Prices Nose Dives below Ksh 1
Enterprise

KQ Prices Nose Dives below Ksh 1

MYNIUSLINEBy MYNIUSLINEApril 23, 2020Updated:August 20, 2020No Comments16 Views
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The Kenya Airways share price on Wednesday April 22nd dived below the Sh. 1 mark, trading at Sh. 0.97 at the Nairobi Securities Exchange, following the intensified financial woes shackling the institution.

The drop represents a 6.73% decline in 24 hours. The massive drop has been attributed to the meager revenue recorded by the airline coupled with its financial struggles in the recent past.

“Globally, a number of airlines are struggling. KQ revenues are expected to drop and hence investors are selling stocks. Losses are also expected to be very high this year. Investors are still waiting on a clear indication on nationalization plan,” noted AIB Capital head of research, Sarah Wanga.

Reports on Business daily pointed at a deep financial crisis after the Kenya Airways CEO, Allan Kilavuka confirmed to the publication that he had sent an emergency notice for additional funds to both the treasury and the ministry of transport.

The negative sentiment on stock is expected to get worse as local containment measures and global travel restrictions continue to take effect, elevating the financial crisis.

Kenya Airways
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
MYNIUSLINE
  • Website

Related Posts

Maximizing Long-Term Success: 10 Ways to Reinvent Generational Transition in Family-Owned Businesses

April 5, 2023

How to win clients and influence markets with Co-branding

April 4, 2023

How to Stand Out in a Crowded Market in 2023

April 3, 2023

Leave A Reply Cancel Reply

Browse by Category
  • Apps
  • Banking & Insurance
  • Business
  • Celebrity
  • Covid-19 IMPACT on SMEs
  • Editors Pick
  • Enterprise
  • Entertainment
  • Entrepreneurship
  • Featured
  • Fintech
  • International News
  • Investing
  • Loans & Financing
  • Mobile
  • Money
  • Music
  • News
  • Opinions
  • Press Release
  • Resources
  • SMEs
  • Sport
  • Tales of Small Businesses
  • Taxes
  • Tech
  • Top Story
  • Uncategorised
  • Videos
  • Wealth Management
Demo
Top Posts

Purchasing habits of a 26 year old urban lady

August 3, 202123,523

How to avoid trading your dignity for a bank loan.

August 3, 202117,438

The effects of Covid 19 on small businesses in Kenya

August 3, 202117,308

How to set up a profitable live streaming business in Kenya

August 5, 202116,342
Don't Miss

Learn Free Best AI Tools for Marketing in Ten Minutes

By MYNIUSLINEApril 13, 202320

As the world becomes increasingly digital, businesses need to keep up with the times by…

Maximizing Long-Term Success: 10 Ways to Reinvent Generational Transition in Family-Owned Businesses

April 5, 2023

How to win clients and influence markets with Co-branding

April 4, 2023

How to Stand Out in a Crowded Market in 2023

April 3, 2023
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

Demo
Advertise With Us
myniusline
Our Picks

Learn Free Best AI Tools for Marketing in Ten Minutes

April 13, 2023

Maximizing Long-Term Success: 10 Ways to Reinvent Generational Transition in Family-Owned Businesses

April 5, 2023

How to win clients and influence markets with Co-branding

April 4, 2023
Most Popular

Purchasing habits of a 26 year old urban lady

August 3, 202123,523

How to avoid trading your dignity for a bank loan.

August 3, 202117,438

The effects of Covid 19 on small businesses in Kenya

August 3, 202117,308
Copyright © 2023 MyNiusLine
  • Home
  • Enterprise
    • SMEs
    • Entrepreneurship
  • Money
    • Banking & Insurance
    • Fintech
    • Investing
    • Loans & Financing
  • Events
  • Niusline TV
  • Resources

Type above and press Enter to search. Press Esc to cancel.

Go to mobile version