From Ksh9K to Ksh18K: How fuel cost is affecting Kenya Airways operations

Kenya Airways’ chairman Kiprono Kittony has disclosed that aviation fuel now constitutes 53% of the airline’s total expenses due to a significant surge in fuel prices. Speaking to a local media outlet on August 25, 2026, the airline’s chief executive revealed that the carrier had spent $73 (Ksh9,426) on aviation fuel per unit in 2025, but this price has since increased to over $140 (Ksh18,076) – a rise of approximately 66% over the year.

Kittony explained that fuel costs now represent 53% of the airline’s total expenditure, a situation that has not occurred in the past. He added that Kenya Airways has been unable to increase ticket prices to cover the higher fuel costs due to regulations from the International Air Transport Association (IATA). The airline’s financial strain has intensified as fuel expenses now make up more than half of the carrier’s total expenditure.

Kittony’s comments came as the airline dealt with six grounded aircraft, which has reduced its operational capacity. Despite this, Kittony maintained that restructuring Kenya Airways’ financial structure could generate substantial capital. He also highlighted the strong interest from international investors in providing funds to the airline, which could assist in addressing its fleet and financial issues.

Additionally, Kittony emphasized the importance of maintaining Kenyan equity control over Kenya Airways to protect the airline’s position as the nation’s national carrier. He defended the company’s decision to remain publicly traded, stating that this would uphold strong corporate governance and public disclosure standards. Kittony explained that the sharp increase in fuel prices was partly due to the geopolitical climate, with costs rising from $73 to over $140.

With fuel expenses now accounting for 53% of total costs, the airline faces a significant financial challenge as it works to restore its fleet, restructure its balance sheet, and attract additional investment.