Numbers Don’t Lie: Uganda Airlines Revenue Soars 136% Despite Smear Campaigns

By Frank Kamuntu

The recent debate over Uganda Airlines’ finances — triggered by claims that Shs 103 billion in ticket sales had “vanished” — has put the national carrier in the spotlight. While the headlines have been dramatic, industry insiders say the conversation presents an opportunity to showcase reforms that are already strengthening the airline’s systems.

According to sources familiar with the audit process, the figure was part of a routine query raised by the Auditor General, not evidence of missing funds. “All queries are meant to trigger clarification, not accusations. This was reconciled with bank statements and receipts. No money is unaccounted for,” said a source close to the matter.

Rather than dismissing the attention as merely hostile, Uganda Airlines management sees it as a reminder of why transparency and robust financial controls are critical — especially for a young national carrier still earning public trust.

Building Resilience in a Competitive Sector

When Jennifer Bamuturaki assumed the role of CEO in 2021, she faced a dual challenge: restoring public confidence after leadership changes and keeping operations afloat in a competitive regional aviation market. Her administration introduced tighter monitoring systems, improved procurement processes, and renegotiated supplier agreements — reforms that were not without resistance.

One major test came when a fuel supplier attempted to halt deliveries over outstanding invoices, a move that could have disrupted flight schedules. By swiftly securing an alternative supplier, the management kept operations stable, demonstrating that the airline is better equipped to withstand shocks.

Delivering Growth Amid Scrutiny

Despite the noise, Uganda Airlines’ growth trajectory remains unmistakable:

• Revenues have climbed from USD 49 million in 2021 to USD 166 million by 2024 — a 136% increase.
• Six new routes have been launched since 2023, linking Uganda to London, Mumbai, Lagos, Abuja, Harare, and Lusaka.
• Operational reliability has improved, with consistent flight schedules and stronger partnerships with international airports and service providers.

Bamuturaki says the focus is on long-term sustainability: “Airlines take time to mature. Our role is to build a solid foundation now so that Uganda Airlines can be profitable and competitive in the years ahead.”

A National Asset Worth Protecting

Analysts note that Uganda Airlines’ success goes beyond balance sheets. The flag carrier plays a vital role in connecting Ugandan exporters, attracting tourists, and showcasing the country as a business destination. Its steady growth has implications for the wider economy, from trade to hospitality.

What the airline needs now, observers argue, is consistent oversight, policy support, and public confidence — not unchecked speculation. Strengthened systems, combined with a clear growth strategy, are positioning Uganda Airlines as a long-term asset for the country.