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Kenya's JamboJet reaches first-half profit

Nairobi - Kenyan budget airline Jambojet said on Monday it made pretax profit of about $3.3m in its first half ended September from a loss of $2.4m in the same period last year.

Jambojet, which operates a Boeing 737 and leased Bombardier planes between major Kenyan cities, was started by national carrier Kenya Airways last year to take advantage of growing demand for air travel services.

This move has been driven by a growing appetite for low-price flights in preference to lengthy bus trips on dilapidated roads.

Passenger numbers rose 14% during the period, meaning its planes were 75% full, up from 60% in the same period in 2014.

Jambojet says it controls 35% of the local budget airline industry in Kenya.

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