Uganda Airlines has said it has established “groundwork” in which it will make a return on investment by at least 2027.
Uganda Airlines Head of Public Relations and Corporate Affairs Shakila Rahim Lamar said the plan will enable the flag carrier to cover at least 85 percent of its operating costs.
The airline’s continuous inability to return a profit has caused its return on assets to decline by 10 percent, according to its 2021/22 financial statement.
Lamar confirmed Uganda Airlines was actively reducing some of its operating and administrative costs in order to free up significant funds for running its business operations.
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“We are positioning the Airline to make money for the long term. This entails expansion to new routes but getting a new route takes about three to five years. So, for the medium term, we are leveraging on cargo in form of agricultural exports and tourism receipts,” she said, noting that the airline plans to reduce expenses related to crew costs, landing fees, navigation charges, pilot training, rentals, fuel, and maintenance costs over the next three years.
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