Yesterday, Jambojet announced it was venturing into offering charter flights, a move that is expected to address emerging consumer needs and boost its revenue stream that have been dwindling due to the novel COVID-19 virus.
Karanja Ndegwa, The airline’s Acting Director has now revealed that the Kenya Airways subsidiary witnessed significant reduced earnings during the suspension of passenger flights between March and mid-July.
“Our monthly revenues are about Sh300 million so when we were grounded for the three and a half months, we lost about Sh1.1-1.2 billion shillings because we were at zero revenue,” said Ndegwa.
The incurred losses almost left the small airline inoperational.
Ndegwa, however, says the newly launched charter operations will help bring back the airline to profitability, targeting to generate over Sh400 million.
Since the easing of measures put in place to combat the curve, the airline says Mombasa is its most profitable route. “Mombasa has been the most profitable route since that is where we fly most of the time before COVID-19 and even after,” said Jambojet Head Of Sales and Marketing.
The local carrier was scheduled to launch flights to somalia in February 2020, however, the plans to fly there are currently on hold with Jambojet shifting to returning flights to Entebbe and Kigali.
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