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Kenya Airways has turned a net profit for the first time in more than a decade. [File, Standard]
Kenya Airways' 2024 results are remarkable in two ways. The first is that Kenya's national carrier has turned a net profit for the first time in more than a decade. At Sh5.4 billion, it is an improvement over the previous year's results by 124 per cent.
The second is that they are polar opposites of both Tanzania and Uganda's national carriers. A report published in The East African says, "Air Tanzania's losses have mounted, defying nearly a decade of continued effort to rescue the national carrier. Tanzania's Auditor General says the carrier's losses rose by 62 per cent to reach Tsh91.8 billion (USD 34.4 million)."
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