Kenya Airways, which has struggled financially for years, reported a net half-year profit of 513 million shillings ($4 million).

Trading in shares of Kenya Airways has resumed after more than four years of suspension, according to the Nairobi Stock Exchange. The airline requested the suspension in July 2020 when the government proposed renationalizing the airline during the Covid-19 pandemic, which severely impacted the global aviation industry.

However, the nationalization plan was abandoned, and Kenya Airways posted a profit last year for the first time in several years. The Nairobi Securities Exchange confirmed that the suspension had been lifted, effective January 5, 2025.

The airline, which has faced significant financial struggles for years, reported a net half-year profit of 513 million shillings ($4 million) for the period ending June 30, 2024. Founded in 1977 after the dissolution of East African Airways, Kenya Airways now serves over five million passengers annually across 45 destinations.

Air France-KLM acquired a 26 percent stake in Kenya Airways in 1996, though the investment has decreased over time as the airline continues to face mounting debt, despite receiving multiple bailouts. The Kenyan government owns a 48.9 percent stake, while Air France-KLM holds 7.8 percent.