Kenya Airways reported a pre-tax loss of KSh 17.93 billion (approximately US$138.3 million) for 2025 on March 24, 2026, reversing a net profit of KSh 5.4 billion (US$41.7 million) from 2024.
The Kenyan flag carrier attributed the setback primarily to grounding three of its nine Boeing 787-8 Dreamliners, powered by GE Aerospace GEnx-1B engines, due to extended maintenance lead times from global supply chain constraints. This reduced available seat kilometers (ASKs) by 18% to 13,349 million from 16,227 million in 2024, passenger numbers by 13%, revenue by 14% to KSh 161.4 billion, and cargo volume by 8%.
Operating costs fell 3% to KSh 167 billion, but fleet ownership expenses rose 33% from leased asset remeasurements and added Boeing 737-800s. The Kenyan shilling’s halted appreciation against the US dollar eliminated prior-year currency gains that had bolstered 2024 results.
Acting CEO George Kamal had warned in a Q4 2025 AeroTime interview of significant impacts from the groundings. The airline plans Dreamliner returns by June 2026, with Q1 2026 showing increased demand as passengers bypass Gulf hubs. Kenyan media report interest from foreign investors in equity stakes or units like cargo.
Capacity stood at 6,715 million ASKs in H1 2025, down 16% year-on-year, with H1 revenue at KSh 75 billion, a 19% decline. Net loss attributable to shareholders reached KSh 17.13 billion after a KSh 764 million tax credit.