Kenya Airways shares are set to resume trading on the Nairobi Securities Exchange this week. The shares shall resume trading after a suspension that has so far lasted for nearly five years.
When the shares were first suspended on July 2, 2020, the shares had closed trading at a price of Sh. 3.83 per share. At that time, they had an annual high of Sh. 3.96 per share and an annual low of Sh. 3.28 per share.
Reports say that the Capital Markets Authority (CMA) has resolved not to extend the suspension that lapsed on January 5, 2025.
The Kenya Airways shares will now resume trading just a few months after the national carrier announced that it had returned to profitability.
In August 2024, KQ marked the first time since 2013 that it had recorded a profit after tax.
For the first half of the financial year ending June 30, 2024, the airline achieved a profit after tax of Sh. 513 million, from the Sh. 21.7 billion loss reported in the similar previous period.
In that period, Kenya Airways experienced a 10 per cent increase in passenger numbers, totaling 2.54 million. The airline’s total revenue grew by 22 per cent to Sh. 91 billion, driven by higher passenger numbers.
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The airline attributed this turn to its strategic turnaround plan, Project Kifaru.
“Our financial results are a clear indication that our strategic initiatives are delivering the desired outcomes. We have focused on strengthening our core operations, enhancing our customer service, and exploring new avenues for growth. This performance positions us in good stead to navigate the challenges of the aviation industry and prepare for future growth,” said KQ chief executive officer Allan Kilavuka.
