Kenya Airways Issues Profit Warning Over Surging Fuel Costs

Kenya Airways issued a profit warning stating that a 72 percent increase in fuel costs will negatively impact its earnings for the current year. The national carrier attributed the price surge to the ongoing war in the Middle East.

Company officials noted that these rising expenses have compounded existing operational challenges the airline was already facing. The warning indicates that the external volatility of energy markets is now a primary driver of the carrier's financial instability.