The airline
reported a net loss of Sh16.08 billion for the first half of 2026, up from
Sh12.15 billion last year, as operating costs rose 14% to KSh91.9 billion while
revenue grew 9% to KSh81.25 billion.
Fuel expenses jumped 32% due to global price hikes from Middle East tensions, supply chain woes cut capacity by 9%, and passenger traffic fell accordingly, though cargo revenue climbed 18%.
Chairman Kiprono Kittony outlined plans to
restore the fleet—currently only 25 planes active—cut debt, and secure
strategic partners, with four investors from the US, China, South Africa, and
Singapore already in talks, including one offering aircraft for equity.