According to the group's half-year results, as the capacity increased by 8.2 per cent and the passenger traffic grew by 11.6 per cent, the load factor increased by 2.6 points compared to last year, marking a significant step towards the airline's recovery and growth journey.
Giving his remarks on the performance and 2024 projections, AFKLM General Manager for East and Southern Africa, Nigeria, and Ghana Marius van der Ham said, “We are thrilled to see our airlines rebounding with such resilience after the turbulent times brought about by the Covid-19 pandemic. Our commitment to innovation and adaptability has been pivotal in this journey. As we continue to invest in technology, customer experience, and sustainable aviation, we are confident that by 2024, we will not only recover to 2019 levels but also set new standards for the industry. This remarkable growth in passenger capacity and improved load factor is a testament to the dedication and hard work of our team and the unwavering trust of our passengers."
For the third and fourth quarters of 2023, the group expects to register approximately 95 per cent capacity in Available Seat Kilometers to 128.69 million, a 13 per cent increase from the 114.26 million registered in 2022. In Africa, the ASK is expected to rise to 14.74 million up from 13.14 million registered in 2022. To do this, the Group remains agile in optimizing fleet, workforce, network, and costs and continues its sustainability efforts.
With increased passenger traffic, the group saw its net income for the review period grow by 88 per cent to KES 96.04 billion from KES 51 billion registered within the same review period in 2022. The revenues from ordinary activities went up 14 per cent to KES 1.19 trillion driven by a higher capacity (+8 per cent), a higher passenger load factor (+3 points), and a higher passenger yield (+9 per cent).
