Uganda Airlines Revenue Jumps to $116.2 Million
Uganda Airlines has reported a significant revenue increase to $116.2 million for the 2024/25 financial year, up from $10.3 million in 2019/20. The growth follows the appointment of Girma Wake as a consultant to address previous management issues and misconduct allegations.
Why it matters
The turnaround demonstrates the impact of leadership changes on the operational and financial viability of state-owned enterprises.
Uganda Airlines has recorded a sharp increase in revenue, rising from $10.3 million in the 2019/20 financial year to $116.2 million in 2024/25, according to the Ministry of Works and Transport. The ministry said the performance reflects a compound annual growth rate of 62.4 percent.
The article reports financial figures and management changes based on government and airline statements.
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