Kenya Airways Assignment Example | Topics and Well Written Essays - 500 words

Kenya Airways - Assignment Example The airline was initially owned by the Government of Kenya until the year 1995, and it was privatized in 1996 and since then it has become the first African flag carrier in successfully doing so. Today Kenya Airways is a public-private partnership. In this regard, the shareholding of this partnership is as follows Government of Kenya (29.8%), followed by KLM, which has a 26.73% stake in the company. The rest is held by private owners. (Kenya airways.ac.ke) Â  Being first flag carrier in Kenya its stocks are traded in different exchange markets this includes Nairobi Stock exchange, the Dar-es-salaam Stock Exchange, and the Uganda Stock exchange. Kenya Airways has become widely considered as one of the leading Sub-Saharan operators and became a full member of sky team in June 2010 and a member of African Airlines Association since 1977 and it has had quite a tremendous growth with 4,834 employees as per June 2012. Â  The airline has been using web sale service and this has shown some tremendous growth of USD 28.6 million in ticket sales compared to USD 24.2 million in the previous year showing a growth rate of 17.9%, with total revenue of USD 95.2 billion which is an increase of 26.3% above prior year. Â  The management of Kenya Airways has given a report that the profitability of the company has been affected by some factors this includes high fuel prices, the euro crisis and a generally weak economy in the West. Despite this, the management has announced a high turnover of USD 107.9 billion which represent a 26% increase on prior year turnover of USD 85.8 billion, profit after tax realized was USD 1.66 billion compared to the prior year of USD 3.5 billion. Â