Kenya Airways is aiming for profitability in 2024 as part of its strategy to attract strategic investors. Speaking at the airline’s 48th Annual General Meeting, CEO Allan Kilavuka highlighted a remarkable 44 percent growth in capacity throughout the fiscal year 2023. This significant increase is a testament to the airline’s recovery efforts and operational improvements amid challenging industry conditions.
Kilavuka reiterated Kenya Airways’ commitment to its turnaround strategy, Project Kifaru, which is centered on completing the capital restructuring plan. The focus on financial restructuring is intended to achieve stability and set a solid foundation for future growth. By reaching profitability, Kenya Airways hopes to enhance its appeal to potential investors, paving the way for new partnerships and long-term sustainability.
