Kenya Airways Chief Executive Officer Sebastian Mikosz. [Photo/Standard] By Macharia Kamau
Kenya Airways (KQ) expects direct flights to the US, scheduled to start in October, to play a critical role in enabling its return to profitability.
The national carrier announced yesterday it will operate a daily non-stop flight from Nairobi’s Jomo Kenyatta International Airport (JKIA) to New York’s JFK International Airport, with the inaugural flight scheduled for October 28.
ALSO READ: KQ to start selling tickets for direct US flights The national carrier said it expects the flights to play a critical role in returning it to profit-making territory, noting that the route had potential to increase revenues by 10 per cent in the course of 2019.
Going by the airline’s last year’s revenue of Sh106 billion, the projection will rake in Sh10 billion. It is counting on the tourism – with the US being a key source market for tourists – as well as opportunities to Kenyan businesses accorded by the African Growth Opportunity Act (Agoa) to sustain the flights. The rising number of US firms with regional headquarters in Kenya and frequent travel by their executives between the two countries is also seen as a lucrative corporate market for the airline. KQ yesterday started selling ticket
s for the inaugural and subsequent flights between Nairobi and New York. Kenyans and other travellers will be able to buy early bird tickets for $869 (Sh87, 000). The seats on sale for this price are, however, limited and the cost increases as bookings go up. KQ Chairman Michael Joseph said at a briefing in Nairobi the move was an important milestone for the airline that just concluded a complex financial restructuring, adding that the route would enable it swing back to and sustain profits. “
This is a symbol of a comeback by Kenya Airways. It will determine the future of KQ and also shows the determination that KQ has to return to being the pride of Africa,” he said.ALSO READ: KLM targets blind, visually impaired passengers with new in flight entertainment He added that the airline had confidence in the route, saying: “We would not embark on this if we were not confident that it will work. It will be profitable for us.”