The airline
reported a net loss of KSh 16.08 billion for the six months ended June 2026, up
32% from KSh 12.15 billion a year earlier, as operating costs rose 13.8% to KSh
91.9 billion while revenue increased 9.1% to KSh 81.25 billion.
Passenger capacity and traffic dropped 9%, but cargo revenue climbed 18% and the cabin factor improved to 76.3%; fuel costs surged 32%, marking the second-largest half-year loss on record.
The board approved a KPMG-prepared plan to seek a strategic investor for capital and partnership, amid aviation-wide challenges like high fuel prices.