Kenya Airways is committed to maintaining its integrated business model, despite seeking a USD2 billion strategic investment to bolster its financial position. The airline’s group CEO, George Kamal, reaffirmed that spinning off its cargo division is not under consideration, emphasizing the importance of operational synergies for stability.
The carrier is in talks with multiple international investors, including one from Africa, while the government’s shareholding arrangements remain undecided. Kenya Airways reported an operating loss of KES5.6 billion (USD43 million) and a net loss of KES17.2 billion (USD132.5 million) for the year ending December 2025, a reversal from the previous year's profit. The grounding of three B787-8 aircraft due to supply chain constraints significantly impacted capacity and revenue.
Financial and operational outlook
Revenue declined 14% to KES161 billion (USD1.24 billion), reflecting lower passenger numbers and capacity reductions. Operational costs decreased by 3% to KES167 billion (USD1.3 billion). Industry challenges notwithstanding, chairman Kiprono Kittony highlighted the airline’s underlying resilience and demand for travel.
Looking ahead, Kenya Airways plans to restore grounded aircraft, raise capital, and manage costs to support sustainable growth. The airline remains focused on strengthening its financial position and operational capacity following the recent losses.
