Kenya’s national carrier reported its first profit in over ten years in 2024, with a 20% EBITDA ratio, surpassing the industry average of 17%. The airline had been burdened by debt from a 2017 aircraft purchase, and the pandemic’s impact worsened its financial position. However, operational improvements and favorable foreign exchange fluctuations helped restore profitability. Despite strong competition from Ethiopian Airlines, Emirates, and Turkish Airlines, Kenya Airways showed resilience. This historic profit underscores the airline’s recovery efforts and operational turnaround.
