KQ banks on fleet restoration to boost revenues - Capital Business
Connect with us

Hi, what are you looking for?

Aviation

KQ banks on fleet restoration to boost revenues

NAIROBI, Aug. 27 (Xinhua) — Kenya Airways, the East African country’s national carrier, said on Tuesday that restoring fleet capacity will be key to boosting its revenues.

Allan Kilavuka, group managing director and chief executive officer of the airline, told an investor briefing in the Kenyan capital of Nairobi that one of the grounded Boeing 787-8 Dreamliner aircraft resumed service in July, with the remaining two expected to return to service later in the year.

“Our focus remains committed to restoring full fleet capacity, advancing cost optimization, and completing the capital raising program in order to strengthen the balance sheet,” Kilavuka said when the airline announced its financial results for the six months ended June 30.

According to the financial results, Kenya Airways made a net loss of 12.15 billion shillings (about 94 million U.S. dollars) in the first half of 2025.

Kilavuka revealed that despite challenges, Kenya Airways demonstrated resilience through disciplined cost management, operational efficiencies, and ongoing measures to strengthen its long-term position.

He noted that passenger demand for international routes remains robust, underscoring the strength of the brand and the critical role Kenya Airways plays in connecting Africa to the world.

Visited 102 times, 1 visit(s) today

More on Capital Business

World

OCT 25 – More than 20 nations supporting Ukraine have pledged to “take Russian oil and gas off the global market” as part of...

Top Story

NAIROBI, Kenya, Oct 25 – Residents of Embakasi East and West are the biggest beneficiaries of the ongoing Sh2.1 billion Nairobi roads upgrade, jointly...

World

OCT 25 – Beef prices have gotten so high in the US that it has become a political problem. Click here to connect with...

Kenya

NAIROBI, Kenya, Oct 5 – More than 2,800 Kenyan consumers have filed an urgent petition at the High Court in Nairobi accusing global manufacturers...

Opinion

By Rebecca Miano Click here to connect with us on WhatsApp OCT 25 – The future of Kenya’s tourism is not on the horizon—it’s...

World

OCT 25 – US inflation hit 3% for the first time since January last month, but remained milder than many analysts had expected. Click...

Technology

NAIROBI, Kenya, Oct 24 – The Central Bank of Kenya (CBK) has revoked the authorisation of PayU Kenya Limited as a licensed Payment Service...

Companies

OCT 25 – When Primah Kwagala stood up to tell her story at a Moth Global Workshop in Aspen, Colorado in 2018, she had...