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Kenya Airways reported a pre-tax loss of 17.93 billion shillings, or $138.30 million, in 2025, reversing the profit it posted a year earlier. The carrier said lower revenue and reduced capacity weighed on performance, even as it tried to position for growth on key routes.
Revenue fell 14% to 161.47 billion shillings last year, reflecting an 18% reduction in capacity. The airline said three of its Boeing 787-8 Dreamliners were temporarily grounded because of global supply chain constraints, which affected operations.
The company also said it plans to add a Boeing 777-300 aircraft to its London Heathrow route in July. Acting CEO George Kamal said Kenya Airways is also looking to add Boeing 777 freighters to expand haulage capacity by 250 tons by the end of 2026.
Despite the weak full-year result, the carrier said demand for its flights has surged because of the Middle East conflict, with the strongest gains coming from Europe, the U.S. and Asia. Kamal said Kenya Airways has benefited from rerouted traffic that would otherwise have gone through the Gulf.
The results mark a setback for the airline after it recorded its first pre-tax profit in more than a decade in 2024. The company said foreign-exchange gains had helped that earlier turnaround, but 2025 brought a reversal as operational constraints and lower capacity hit earnings.
