The Board of Directors of Kenya Airways PLC (“The Company”) has issued a formal announcement pursuant to Paragraph 14.5.7 of the thirteenth schedule of the Capital Markets (Public Offers Listing and Disclosures) Regulation, 2023, and for the information of Investors and General Public.

In a notice on Thursday, November 27, the airline stated that the Board expects earnings for the 2025 financial year to be at least 25% lower than those reported in the 2024 financial year.

Kenya Airways said the announcement is based on the forecasted financial results of the Group for the year ending 31st December 2025.

“The Board brings to the attention of the public that the earnings for the current financial year 2025 are expected to be lower by at least 25% than the earnings reported for the same period in FY2024,” reads part of the notice.

Kenya Airways Challenges

The airline said that the aviation industry is in a steady recovery, supported by strong passenger demand, particularly on international routes.

However, the sector has faced notable headwinds, including engine availability challenges, persistent global supply chain constraints for spare parts, and aircraft shortages.

“As a result, Kenya Airways has grounded three Boeing 787-8 Dreamliner aircraft, which constitute 33% of its wide-body fleet. This has significantly impacted the Airline’s performance due to a reduction in capacity and a drop in passenger numbers,” Kenya Airways said.

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Returning Ground Aircraft

The Board and Management said it remains committed to recovery efforts, including returning grounded aircraft to service, cost reduction, and executing partnerships and capital raising initiatives aimed at stabilizing operations and improving the Company’s financial performance.

It was also approved by the Capital Markets Authority (CMA), which noted that it “assumes no responsibility for the correctness of the statements appearing in this announcement.”

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Kenya Airways CEO and Group Managing Director Allan Kilaruka. PHOTO/KQ.