Kenya Airways releases its operating results for the fourth quarter ended 31st Mar 2010…

The airline availed 2,938m seat kilometres in capacity indicating a growth of 9% over prior year.  This increase was driven by the inauguration of seven new destinations within Africa as well as the reinstatement of frequencies to a number of existing routes whose operations had previously been cut back owing to the world’s economic slump. 

Kenya Airways releases its operating results for the third quarter ended 31st Dec 2009.

The airline put into the market place capacity of 3,179m seat kilometres representing a year on year growth of 5%. This increase, though largely attributable to the successful launches of operations into seven new destinations within Africa in 2009, was adversely impacted by the delayed replacement of one B767 whose lease expired within the first quarter of the year. The reduction of global traffic also necessitated tactical capacity cut-backs in Europe and Asia..  Read the full press release here 

The global economic melt down that started last year continued to adversely impact the airline's performance over the first half of the financial year to 30th September 2009. Although the Kenyan market is now recovering from the post election violence, the political climate remains volatile.These results were also impacted by the strike called by the airlines unionizable staff. The strike occurred in August which is traditionally the highest peak in KQ traffic seasons.

Read the full Press announcement here. 

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Kenya Airways releases its operating results for the first quarter ended 30th Jun 2009.

The airline offered a capacity of 2,821m seat kilometres resulting in a 10% growth over prior year’s level of 2,567m seat kilometres.  The increase was mainly due to the introduction of two new destinations into the KQ network, Brazzaville in April 2009 and Libreville in June 2009 coupled with additional operations to Charles de Gaulle, Bujumbura, Kigali and Johannesburg.  Read the full press release here 

Globally, during the first half of the year, the aviation industry was adversely impacted by high crude oil prices which peaked at an all time high of USD 147 per barrel in July 2008.  Although the crude oil prices reduced sharply in the second half of the year, most airlines did not realise the full benefits of the reduction due to forward fuel hedge contracts that resulted in losses. In view of the above, the majority of airlines are posting losses in this financial year whilst pushing others into filing for bankruptcy.  IATA, the global industry body, estimates that airlines made a combined loss of KShs
680bn in 2008 and will make further losses of KShs 376bn in 2009.

30th January 2008

Kenya Airways releases its operating results for the third quarter ended 31st Dec 2008.

The airline offered a capacity of 3,035m seat kilometres to the market during this quarter with a growth of 7% over prior year’s level of 2,835m seat kilometres in the same period.  The growth was mainly the result of the additional operations to Guangzhou, the daily Lusaka night time flights introduced in the summer of this year and increased frequencies to Lagos.

Download the full press announcement