04 Jan 2024
Awards
News
January 4th 2024 - Kenya Airways has been ranked as Africa's second most efficient airline in a global on-time performance review of airlines and airports.The latest On-Time Performance Review report by aviation analytics company Cirium reveals that the airline attained an impressive 71.86% on-time arrival rate out of 41,905 completed flights in 2023.
An on-time flight is defined as a flight that arrives within 15 minutes of the scheduled gate arrival. For an airport, it is defined as departing within 15 minutes of its scheduled departure.
"The high rankings result from Kenya Airways' persistent focus and delivery of on-time performance each month of the year, which has been a cornerstone of improving our guest experience strategy. This is a testament to our commitment to improving our on-time performance and our dedication to implementing real improvements on board," says Allan Kilavuka, CEO Kenya Airways.
Kenya Airways was overall ranked 10th in the Middle East & Africa region.
According to Cirium CEO, Jeremy Bowen, the data is collected from over 600 sources, allowing the industry stakeholders a third-party perspective on their operational performance. "The program aims to provide the airline industry and its stakeholders with a neutral, third-party perspective on operational performance for individual airlines."
Cirium's On-Time Performance program monitors global airline operational performance using information from an extensive array of sources, including airlines, airports, and civil aviation authorities, and offers a neutral, third-party perspective. The program studies over 30 million flights a year.
For more information use the following link https://www.cirium.com/resources/on-time-performance/
04 Jan 2024
Awards
News
26 Mar 2024
Financials
News
Nairobi, 26th March 2024 - Kenya Airways' ongoing recovery and turnaround initiatives have resulted in the airline recording an operating profit of Ksh 10.5 billion for the year ended December 31, 2023 compared to an operating loss of Ksh 5.6 billion in the prior year, representing a 287% growth.
29 Aug 2023
Investor Relations
KQ turnaround strategy starts to bear fruit as airline reports operating profit and increased revenues. 120% improvement in Operating Profit from the operating loss of Kshs 5 billion reported in a similar period in the previous year. The Groups revenue grew by 56% to Kshs 75 billion. Passenger numbers increased by 43% to 2.3million with an increase of 56% increase in Available Seat Kilometres (ASKs). Operating costs increased by 40% due to the increase in activity, however gross profit increased by 131%. Earnings before interest, tax and depreciation (EBITDAR) grew by 7% points.
29 Aug 2023
Investor Relations
News
KQ turnaround strategy starts to bear fruit as airline reports operating profit and increased revenues. 120% improvement in Operating Profit from the operating loss of Kshs 5 billion reported in a similar period in the previous year. The Groups revenue grew by 56% to Kshs 75 billion. Passenger numbers increased by 43% to 2.3million with an increase of 56% increase in Available Seat Kilometres (ASKs). Operating costs increased by 40% due to the increase in activity, however gross profit increased by 131%. Earnings before interest, tax and depreciation (EBITDAR) grew by 7% points.