Profit

Kenya Airways planes are seen through a window at the Jomo Kenyatta International Airport in Nairobi, Kenya, August 1, 2020. REUTERS/Njeri Mwangi/File Photo Purchase Licensing Rights. Kenya Airways, a beacon in the African aviation landscape, has reported a stunning turnaround. On a seemingly ordinary Tuesday, the airline, under its stock identifier KQNA.NR, revealed an impressive pretax profit for the last fiscal year, marking a victory lap after more than a decade of persistent losses. Such a revelation strikes a…

Kenya Airways recently made waves with an announcement that caught everyone by surprise on Tuesday. For the first time in over ten years, the airline has recorded a pretax profit, marking 2024 as a significant benchmark in its financial history. Imagine steering a ship through tumultuous seas for over a decade only to finally glimpse a serene coastline. Such is the story of one of Africa's aviation giants. Reporting a pretax profit amounting to 5.53 billion shillings, or approximately $42.82 million, last year was…