Inside Kenya Airways’ high-stakes turnaround

Kenya Airways is facing a balance sheet implosion and operational paralysis, requiring precise intervention from its new board led by Kiprono Kittony. In March 2025, the airline reported losses after a brief profitable period in 2024, with major financial challenges including negative working capital exceeding Sh129 billion. High operating costs and labor strikes exacerbate the situation, while the search for a Sh258 billion strategic investor continues.