Passenger Revenue

Uganda Airlines made revenue worth UGX40 billion from the time it started operations to the end of December 2020. This is according to Cornwell Muleya, the Chief Executive Officer, Uganda Airlines Company Limited.According to Muleya, the Airline carried 77,355 passengers between August 2019 and June 2020, registering a shortfall of 10 per cent from its target of 85,760 passengers. This also meant that predicted income of UGX31.5 billion was not attained, and instead, the airline generated UGX25.2 billion. However, the airline made an additional UGX14.8 billion from 26,394 passengers at the end of December 2020. The Average Passenger Load factor for the initial…