Air Tanzania’s annual losses surge 67% to Sh91.8 billion, CAG's new report shows

Media/news company

Mwananchi Communications Limited

What you need to know:

Despite receiving a Sh100 billion subsidy from the government, ATCL faced significant operational challenges that contributed to the mounting losses.

Dar es Salaam. Air Tanzania Limited (ATCL) has reported a loss of Sh91.8 billion for the financial year 2023/24, marking a significant 62 percent increase in losses compared to the previous year. This financial setback places the airline among the loss-making government entities.

The Controller and Auditor General (CAG), Charles Kichere, presented the findings of his audit to President Samia Suluhu Hassan on Thursday March 27, 2025, at the State House in Dar es Salaam.

Despite receiving a Sh100 billion subsidy from the government, ATCL faced significant operational challenges that contributed to the mounting losses.

Mr Kichere attributed the airline’s financial troubles largely to the extended repair time for its Airbus, which led to the grounding of planes for several months, severely affecting operations.

The CAG emphasised the urgent need for ATCL to work closely with the government to explore more efficient operational strategies.

Air Tanzania’s annual losses surge 67% to Sh91.8 billion, CAG's new report shows

What you need to know:

Latest

Refineries, ports and the future of East African integration – IV

Tanzania’s CRDB and NMB named among Forbes’ World’s top performing banks 2026

Tanzania’s universities urged to lead the fight against plastic waste

Road accident victims face compensation hurdles as calls grow for faster relief in Tanzania

How Tanzania plans to bring down cement prices as TRA targets tax exemption abuse

Key lessons from 2025 election must boost democracy

In the headlines

Tanzania’s CRDB and NMB named among Forbes’ World’s top performing banks 2026

How Tanzania plans to bring down cement prices as TRA targets tax exemption abuse

Road accident victims face compensation hurdles as calls grow for faster relief in Tanzania

Key lessons from 2025 election must boost democracy

What you need to know:

Tanzania Railway Corporation incurred Sh224 billion loss in one year

Air Tanzania leads loss-making parastatals despite government investment

Refineries, ports and the future of East African integration – IV

Tanzania’s CRDB and NMB named among Forbes’ World’s top performing banks 2026

Tanzania’s universities urged to lead the fight against plastic waste

Road accident victims face compensation hurdles as calls grow for faster relief in Tanzania

How Tanzania plans to bring down cement prices as TRA targets tax exemption abuse

Key lessons from 2025 election must boost democracy

Tanzania’s CRDB and NMB named among Forbes’ World’s top performing banks 2026

How Tanzania plans to bring down cement prices as TRA targets tax exemption abuse

Road accident victims face compensation hurdles as calls grow for faster relief in Tanzania

Key lessons from 2025 election must boost democracy