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Africa

Kenya Airways’ operating profit skyrockets

todayMarch 27, 2024

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One of Africa’s largest airlines, Kenya Airways, made an operating profit in 2023 – the first time since 2017. The AFP news agency quotes CEO Michael Joseph as saying, the $80mexcess is a “significant milestone”. Part of the reason for the success was a more than 50% jump in revenue thanks to an increase in passenger numbers. The BBC further reports that Kenya Airways, which is partly owned by the government, has had troubled recent past with huge debts and it was hit hard by the fallout from the Covid pandemic.

Written by: Tonata Kadhila

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