In a significant development last week (Week 13), an airline marked its return to profitability after seven years, showcasing resilience and strategic recovery efforts. Additionally, the continent’s leading carriers in terms of available seat miles (ASMs) were revealed, highlighting the robustness of Africa’s aviation industry. Moreover, crucial agreements were inked, celebrating new air connectivity and the acquisition of modern fleets, among other noteworthy events. Dive deeper into these pivotal updates in our latest edition of Africa weekly aviation trails below.
Introduction.
Despite enduring a loss after tax of Ksh 23 billion (approximately 174 million USD), marking the eleventh consecutive year of losses, Kenya Airways‘ ongoing resilience and strategic initiatives have led to a significant turnaround. For the year ending December 31, 2023, the airline saw a remarkable shift, recording an operating profit of Ksh 10.5 billion (around 79 million USD). This astounding growth represents a 287% surge compared to the previous year’s operating loss of 5.6 billion, marking a triumphant return to profitability after seven years of challenges.
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