Uganda Airlines is set for another year of growth in 2025, following a recent financial report presented by Auditor General Edward Akol to the Ugandan Parliament.
The report, covering the fiscal year 2023/24, assessed the performance of various government entities, including Uganda’s national carrier, highlighting its progress and potential for further expansion in the aviation sector.
According to monitor.co.ug, the report shows that the national carrier improved its financial performance, reducing the operating deficit from Shs323.6 billion in fiscal 2022/23 to Shs237.85 billion in fiscal 2023/24.
That was the best performance posted by the airline since commercial operations started in August 2019 and actually reflects a 26.5 percent improvement in our operating position. This means the airline’s loss has been reduced by nearly Shs90bn.
Though it may not appear so initially, this was a significant achievement that reflects ongoing efforts to consolidate operations and drive efficiency. Barring unexpected developments, we are optimistic that we shall have improved even further by the end of the 2024/25 financial year.