JAMBOJET REPORTS FIRST YEAR LOSS OF 287 MILLION KENYA SHILLINGS
(Posted 29th September 2015)
News from Nairobi confirmed lingering speculation that Kenya Airways’ low cost subsidiary Jambojet has posted a loss for their first full year of operation.
Operating a fleet of mixed jets and turboprops, B737-300’s and Bombardier Q400’s, does Jambojet presently fly from Nairobi to Mombasa, Eldoret, Kisumu but also to Lamu, Malindi and Ukunda.
The number of passengers carried during the first year reached just over 480.000, contributing to revenues of over 2.6 billion Kenya Shillings. No information could be obtained in regard of load factors however which for a low cost airline constitute a crucial element in reaching breakeven point and eventually turning profit.
While the airline was also designated by the Kenya Civil Aviation Authority to commence flights to as many as nine regional destinations has Jambojet yet to spread their wings beyond Kenya’s airspace as it clearly concentrated to first make an impact on domestic routes.
It is generally expected that the financial results of the second financial year will be better now that the airline has established itself on key routes as a low cost alternative to full service airlines and with the potential to launch extra flights to key regional destinations.
