Kenya Airways sees 18% rise in cargo revenue

Kenya Airways’ cargo revenue rose 18% year on year to KSh8.77 billion in the first half of 2026, while total revenue increased 9% to KSh81.25 billion. However, higher fuel and operating costs pushed the airline’s net loss to KSh16.1 billion for the six months ended June 30, compared with KSh12.2 billion a year earlier.

The cargo growth comes as the airline increases its focus on freight to diversify revenue and expand its position in the cargo market. It is pursuing additional Boeing 747 freighter capacity, targeting an increase in cargo market share from 11% to 40%.

The additional freighter capacity could strengthen cargo connectivity through Nairobi and support freight flows across regional and international markets. This comes as aircraft availability remains a challenge, with engine turnaround delays of 90 to 120 days limiting fleet deployment.

Jet fuel costs increased 32% year on year and accounted for about 32% of total operating expenses. A Boeing 787-8 returned to service in July, followed by a Boeing 777-300ER, helping restore capacity across international routes.