Nairobi, Kenya — Kenya Airways has reported a pre-tax loss of 138 million dollars for 2025, reversing the profit it posted the previous year, according to local reports.
The carrier’s 2025 accounts, released on Tuesday, show revenue fell and available seat capacity shrank during the period.
The figure marks a sharp swing from the surplus recorded in 2024, when the airline had cited rising travel demand and cost controls as key drivers of its return to profitability.
Official statements indicate that the latest deficit stems from lower passenger numbers and reduced aircraft utilization, though further details were not immediately available.
The company has not published a full breakdown of operating costs or fleet changes that accompanied the downturn.
The loss places fresh pressure on the national carrier as it continues restructuring talks with creditors and government agencies.
Local sources report that management is expected to outline revised turnaround measures in the coming weeks, including possible route adjustments and fleet redeployment. Regional officials confirmed that the treasury is monitoring the airline’s performance but has yet to announce any new capital injection.
It remains unclear whether the state will convert previous loans into equity or offer additional guarantees to shore up the balance sheet.
Employees and suppliers are awaiting clarity on the 2026 business plan, which the board has promised to circulate before the annual shareholders’ meeting slated for late April. Independent observers say the size of the loss may complicate efforts to secure fresh private financing on favorable terms.
Further details are expected once the audit is finalized and submitted to the capital markets authority within the statutory filing window.
Source: Africa.
