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Kenya Airways Limited (NSE: KQ)

Analyst Team trader
Updated 5 May 2022

What is Kenya Airways Limited

Kenya Airways Limited is a company based in Kenya that operates in the aviation industry and is engaged in the domestic, regional and international carriage of passengers and cargo by air, the provision of ground handling services to other airlines, and the handling of import and export cargo.

The history of Kenya Airways Limited goes back to 1977 when the company was established after the disbanding of East African Airways. The latter was wholly-owned by the government of Kenya until 1995 after which it was privatised.

Today, Kenya Airways Limited is a public-private partnership with the government of Kenya the largest shareholder (48.9%). Kenya Airways wholly-owns Jambojet, a low-cost carrier created in 2013, and African Cargo Handling Limited. Other companies partly owned by Kenya Airways are Kenya Airfreight Handling Limited (51%) that handles perishable goods cargo and Precision Air (41.23%), a Tanzanian carrier.

Kenya Airways Limited is the flag carrier airline of Kenya and operates domestic flights to at least 56 different destinations in Africa, the Middle East, Asia and Europe. Kenya Airways Limited has more than 47 aircrafts, which include five Boeing 777 wide body jets, nine Boeing 787, 12 Boeing 737 narrow body jets, 17 Embraer regional jets, two Boeing 737 freighters and two Bombardier Dash 8-400. Kenya Airways Limited also provides mobile services.

Since 2007 Kenya Airways is the only African carrier member of the Sky Team Alliance and operates by means of several subsidiary companies, including Kenya Airfreight Handling Limited, African Cargo Handling Limited, Kencargo Airlines International Limited and Flamingo Airlines Limited.

Kenya Airways Limited’s equity stocks are for sale online on the Nairobi Securities Exchange (NSE) under the stock symbol KQ.

Kenya Airways Limited has its head offices in Nairobi, Kenya, with its main operations based at the Jomo Kenyatta International Airport in the city.

Allan Kilavuka is the current CEO of Kenya Airways Limited and Michael Joseph is the Non-Executive Chairman. Kenya Airways Limited operates as part of the Aviation Industry in the Industrials Sector.

Investors must note that shares of Kenya Airways Limited (KQ) are suspended from trading on the Nairobi Securities Exchange since close of trading on Thursday 2 July 2020.

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Kenya Airways Limited

Kenya Airways Limited Stock Performance

The current price for Kenya Airways Limited stocks is 3.83 KES. The company has a total market capitalization of 21,760,885,013 KES, with a P/E ratio of -1.72 and earnings per share of -2.23 KES. In total about 5.68 billion shares are outstanding.

An analysis of financial data shows that Kenya Airways Limited closed its last trading day, which was Thursday 2 July 2020, at 3.83 KES per share on the Nairobi Securities Exchange (NSE), recording a 6.4% gain over its previous closing price of 3.60 KES.

Kenya Airways Limited has five market competitors who are also engaged in the Industrials sector and or Aviation industry.

With a possible increase of earnings per share and increased profits, investors who want to buy or sell KENYA AIRWAYS LIMITED stocks can hope for better dividends and earnings in years to come.

According to an analysis on the live chart of KENYA AIRWAYS LIMITED, analysts forecast further improvement in the performance of the aviation sector with market share to grow as trading volumes may increase.

Highlights of Kenya Airways Limited in 2021

Kenya Airways Limited started the year with a share price of 2.05 KES, and it has gained 86.8% in value on its price valuation, ranking first on NSE with its year-to-date performance.

When it was last traded, Kenya Airways Limited was the 10th most-traded stock on NSE and it had experienced a total trading volume of more than 27 million shares, which were finalised in 3 284 deals, valued at a total of 53.6 million KES over a three month period, with an average of 1.14 million shares in each trading session.

For the same period Kenya Airways Limited experienced a volume high of 2.33 million on 30 April, and a low of 2 900 on 26 June.

How to buy Kenya Airways Limited stocks – Step by Step

The stock market is still one of the most popular financial markets that attracts millions of retail investors and participating traders daily. To buy, sell or trade Kenya Airways Limited stocks, traders and investors should follow a few easy steps:

  • Select a forex broker that offers access to the Nairobi Securities Exchange (NSE).
  • Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading
  • Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading
  • Find the symbol of the share that you want to buy, in this case, “KQ”.
  • You can start by making your first share purchase through the broker.
  • You can now continue to buy more shares to build and diversify your portfolio.

FAQs

The Nairobi Securities Exchange was established in 1954 as the Nairobi Stock Exchange, based in Nairobi, the capital of Kenya. It was a voluntary association of stockbrokers in the European community registered under the Societies Act in British Kenya.

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The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.