Forex gains lift Kenya Airways from more than a decade of losses

National carrier Kenya Airways has posted its first full year profit after more than a decade of losses, buoyed by foreign exchange gains.

The airline posted an all-time high net profit of Ksh5.4 billion ($41.7 million) for 2024, a turnaround from a Ksh22.6 billion ($205.4 million) loss in 2023— its first full year profit in 12 years.“Our ratio earnings before interest tax, depreciation and amortisation was 20 percent in 2024, which is higher than the industry’s average of 17 percent…