top of page
Search
  • Chidozie Uzoezie

Kenya Airways’ Revenue Jumps 12% on Network Expansion Gains


Kenya Airways has recorded a 12.2% increase in revenue for the six months period ended June 30, 2019 attributed to the positive performance of recently introduced routes, in line with the airline’s network expansion strategy.

Revenue for the first half increased to Kshs. 58.55 billion from Kshs. 52.19 billion compared to the same period last year.

During an investor briefing held on Tuesday, the Kenya Airways board and management conveyed optimism that the strategic investment initiatives the airline has been implementing in the turnaround programme for the past two years are progressively paying off.

According to Kenya Airways board Chairman Michael Joseph noted, the airline will continue to steer the business away from the previous headwinds, steadily digging it out of the historic loss of Ksh. 25 billion posted in 2014.

Financial results indicate that as at the end of 2018, the airline's losses had narrowed by over 250%, a testament of the airline's commitment to its turnaround plan.

Investment in new strategic routes such as New York, Mauritius, Libreville, Mogadishu, Rome, Geneva and Malindi delivered a 6.6% increase in passenger numbers during the period to hit 2.4 million. This boosted passenger revenues by 5.9% to Kshs. 42.60 billion.

Kenya Airways also recorded impressive 45.2% growth in income from ancillary and other revenues that includes Maintenance, Repair and Overhaul (MRO) which rose to Kshs.10.65 billion from Kshs. 7.34 billion recorded in the same period last year. Revenue from cargo improved to Kshs. 4.22 billion.

During the period, Kenya Airways brought back two Boeing 787s which were sub-leased to Oman Air. The two aircraft will be used to support the airline's new long-haul operations.

A4-print-explore the world with ethiopian-R-1022-compressed.jpg
SAT2.jpg
unnamed.jpg
SAA2.jpg
450 x 450.png
WTM_Media_(300pxX300px)_Jan2024.jpg

 Featured Posts 

Comments (25)

Convidado:
21 de set. de 2022

We just booked our QATAR 🇶🇦 HÔTEL yesterday for 2 différent short stars of 2 nights and 3 nights for the Final… https://www.14sb.com/fifa-world-cup-hotels.html . Not exactly cheap but ok price for 4.5 Stars luxury and in Doha Center City! Thanks and Good Luck everyone! Vamos MEXICO!

Like

Convidado:
30 de set. de 2022

Wow! Stunning! Hilton seems to be taking Africa by storm. Just a couple of years back, they opened the first ever in Eswatini.

Like

kasarokcaesar
24 de out. de 2022

Wonderful event and topics discussed, hopefully we see the manifestations in our African airline businesses in the nearest future. Kudos to you all.

Like

Convidado:
10 de nov. de 2022

Hi, I'm Lucy. Please how do I embark on my travel/ tour business. I am newbie and help..

Like

Convidado:
18 de nov. de 2022

Prices in the Sol Torremolinos Don Pablo are the same than two weeks ago.

Like

Convidado:
04 de dez. de 2022

Good location astounding but the staffs are rude and they make me wait so long for the service. They charge me more than what is on the website and did not refund me the manager is not helping with the issue


Like

Convidado:
15 de dez. de 2022

WoW. Amazing Review. 👍

Like

Convidado:
07 de jan. de 2023

I spent the holidays here, I don't know why but during the holidays their reception smells like a piss Id rather not spend my special occasions here

Like
Convidado:
07 de ago. de 2023
Respondendo a

Where is here.

Like

Convidado:
27 de jan. de 2023

Thank you for sharing such a detailed review about ethiopian airlines in your post. I am an avid traveller and keep reading flight reviews to assess the options available. Your review particularly drew my attention because you have shared so many pictures to capture every aspect of the flight experience. It is a very nice effort.


More Info : https://www.cleartrip.ae/flight-booking/ethiopian-air-airlines.html

Like

Convidado:
27 de fev. de 2023

I am really tempted to book the next ethiopian airlines ticket and relive your journey. The pictures shared with the post also reflect that you truly enjoyed the travel. Great post! I also like the fact that you have covered nuances about the food and entertainment service through the pictures. It helps people know what to expect on their travel by this airline.


More Info : https://www.cleartrip.ae/flight-booking/ethiopian-air-airlines.html


Like
WAF  300 x 300.png
EAA24-web-banner-300x300.jpg

 Latest 

Join Our Subscribers

Thanks for subscribing!

bottom of page