RwandAir records 80% revenue growth in 2023

RwandAir targets to double its current fleet within five years, from the current 14 airplanes, in line with sustaining a significant revenue growth it registered in 2023, the airline has revealed.

According to the Rwanda Fiscal Risk Statement (FRS) for the financial year 2024/25, RwandAir was progressively reducing its fiscal risks by augmenting its own revenues.

It pointed out that the airline saw a substantial increase in its total revenues of 82 per cent to Rwf620.

This story is for NewsDay subscribers.