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Kenya Airways...why ignore..
Rank: Member Joined: 1/10/2015 Posts: 411
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KQ borrowing money to pay workers http://www.businessdaily...32/-/plxveh/-/index.htmlYour income is directly related to your philosophy, Not the economy.-Jim Rohn
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Rank: Elder Joined: 7/21/2010 Posts: 6,180 Location: nairobi
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Aguytrying wrote:Alarmist or not, it is very shocking when Kq is paying salaries through debt.
what beats me is how laymen like ourselves can clearly see kq digging itself into debt with mawingu yet the whole board "cant see" watoto wa matajiri wapunguziwe salary, I saw something like 70b debt,the workforce will have to be halved or they all perish. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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mlennyma wrote:Aguytrying wrote:Alarmist or not, it is very shocking when Kq is paying salaries through debt.
what beats me is how laymen like ourselves can clearly see kq digging itself into debt with mawingu yet the whole board "cant see" watoto wa matajiri wapunguziwe salary, I saw something like 70b debt,the workforce will have to be halved or they all perish. Terrible... possunt quia posse videntur
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Rank: Elder Joined: 7/21/2010 Posts: 6,180 Location: nairobi
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[quote=derick]KQ borrowing money to pay workers http://www.businessdaily...2/-/plxveh/-/index.html[/quote] haka katakufa and mumias will be forgotten, and that man should be barred from working in any public office, when we thought the low fuel was helping recovery, they had already fixed themselves "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 1/10/2015 Posts: 411
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mlennyma wrote:[quote=derick]KQ borrowing money to pay workers http://www.businessdaily...2/-/plxveh/-/index.html[/quote] haka katakufa and mumias will be forgotten, and that man should be barred from working in any public office, when we thought the low fuel was helping recovery, they had already fixed themselves It seems like it is also going down the mumias way Your income is directly related to your philosophy, Not the economy.-Jim Rohn
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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maka wrote:mlennyma wrote:Aguytrying wrote:Alarmist or not, it is very shocking when Kq is paying salaries through debt.
what beats me is how laymen like ourselves can clearly see kq digging itself into debt with mawingu yet the whole board "cant see" watoto wa matajiri wapunguziwe salary, I saw something like 70b debt,the workforce will have to be halved or they all perish. Terrible... @Aguy senior management keeps the Board busy with presentation after presentation to this and that committee giving hope of recovering 'just' around the corner. Always asking giving us ... years and support us .... we are on the right track. That is how they are fooled until time for bailout. Cooking of figures also goes on alot!!! Thieves
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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www.standardmedia.co.ke/...urges-to-sh294-4-millionEverybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: New-farer Joined: 2/22/2015 Posts: 61
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Boris Boyka wrote:www.standardmedia.co.ke/mobile/?articleID=2000156336&story_title=air-seychelles-profit-surges-to-sh294-4-million https://www.youtube.com/watch?v=g5uKCxBX6GcOnly Fools Have No Plan B
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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maka wrote:obiero wrote:Ericsson wrote:KQ will make the biggest loss in Kenya's corporate history.
I foresee minimum loss ksh.18bn before tax.
This will wipe out all the retained earnings and company will now be technically insolvent Pepo mbaya. Wit the sale of four planes and the 'unfortunate' sale embakasi land, do you think what you have written is possible?? Above 10bn is a real possibility,they will try window dress them but they will be terrible...btw what was the idea behind buying dreamliners then leasing them out?One is headed to Turkish airlines...there is an interesting letter KALPA to KQ HR about banks complaining that loans taken by some pilots are not being paid up... Ahem.... possunt quia posse videntur
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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From the Archives... Where are you @murchr? maka wrote:sparkly wrote:murchr wrote:sparkly wrote:murchr wrote:sparkly wrote:obiero wrote:the first of five 737 800 is on its way to the motherland.. when the inevitable profit turnaround comes soon, most wazuans will be left wondering.. The airline business makes money for everyone else except the shareholder. Money for the plane manufacturers, financiers/lessors, oil companies, pilots and executives but nothing left for the shareholders. As optimistic as I am for KQ and its newer fleet, I Know that operating and financing costs will go up exponentially, offsetting increase in revenues and savings in maintenance. Avoid generalizations and blanket statements, there are airlines out there making money for its shareholders. You cant say that for airlines such as Singapore airlines Last year Delta Airlines paid quarterly dividends and did some share buy back, you know how that can affect the price. Tho they last did it in 2003. US Airlines has been profitable for some time and bought/merged with AA. Southwest has been giving its shareholders dividends every quarter but their plus has been their business strategy. Hedging. With Oil prices going down , KQ would get a loss if they locked down a high price. But i have no idea how that balances out with a strong Dollar. A List of Airlines that have crash landed! Comeon @Sparky i thought you're more intelligent than that. In every industry, all the companies that dont adapt and change with the environment DIE. It doesnt matter if its in banking or manufacturing. @murchr in the airline industry failure is the rule rather than the exception. lets talk facts, shall we... The airline industry is characterized by: 1. High barriers to entry because of capital costs and regulations. 2. Low profit margins. 3. High fixed costs for fuel, personnel, debt service and lease rentals. 4. Highly competitive, with constant price wars and ticket discounting. Most are highly subsidized national assets. Our beloved pride of Africa's (one of the best performing and managed airlines in the world) revenues for the last 3 yrs combined was KShs 311B but only KShs 1.6B reached the shareholders! Putting that money in T Bills would have earned you at least KShs 30B ((Average shareholders funds for 3 yrs was 28B. With 90% gearing these funds would have earned at least 10B from government paper)) . IMO, compared with other investments, project mawingu is just creating a bigger giant with a softer under belly. Now @murchr which of the above do you dispute? Give reasons. Spot on... Life is short. Live passionately.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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sparkly wrote:From the Archives... Where are you @murchr? maka wrote:sparkly wrote:murchr wrote:sparkly wrote:murchr wrote:sparkly wrote:obiero wrote:the first of five 737 800 is on its way to the motherland.. when the inevitable profit turnaround comes soon, most wazuans will be left wondering.. The airline business makes money for everyone else except the shareholder. Money for the plane manufacturers, financiers/lessors, oil companies, pilots and executives but nothing left for the shareholders. As optimistic as I am for KQ and its newer fleet, I Know that operating and financing costs will go up exponentially, offsetting increase in revenues and savings in maintenance. Avoid generalizations and blanket statements, there are airlines out there making money for its shareholders. You cant say that for airlines such as Singapore airlines Last year Delta Airlines paid quarterly dividends and did some share buy back, you know how that can affect the price. Tho they last did it in 2003. US Airlines has been profitable for some time and bought/merged with AA. Southwest has been giving its shareholders dividends every quarter but their plus has been their business strategy. Hedging. With Oil prices going down , KQ would get a loss if they locked down a high price. But i have no idea how that balances out with a strong Dollar. A List of Airlines that have crash landed! Comeon @Sparky i thought you're more intelligent than that. In every industry, all the companies that dont adapt and change with the environment DIE. It doesnt matter if its in banking or manufacturing. @murchr in the airline industry failure is the rule rather than the exception. lets talk facts, shall we... The airline industry is characterized by: 1. High barriers to entry because of capital costs and regulations. 2. Low profit margins. 3. High fixed costs for fuel, personnel, debt service and lease rentals. 4. Highly competitive, with constant price wars and ticket discounting. Most are highly subsidized national assets. Our beloved pride of Africa's (one of the best performing and managed airlines in the world) revenues for the last 3 yrs combined was KShs 311B but only KShs 1.6B reached the shareholders! Putting that money in T Bills would have earned you at least KShs 30B ((Average shareholders funds for 3 yrs was 28B. With 90% gearing these funds would have earned at least 10B from government paper)) . IMO, compared with other investments, project mawingu is just creating a bigger giant with a softer under belly. Now @murchr which of the above do you dispute? Give reasons. Spot on... Still, KQ is just one airline in the industry, most of them are making money ... delta, american, british, emirates, southwest, Japan airlines, Emirates, Ethiopian.....you name it, Question should be, why is KQ still making losses....Over capacity? un attractive rates? Travel advisories? Lack of strategy...etc. Avoid blanket statements "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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murchr wrote:sparkly wrote:From the Archives... Where are you @murchr? maka wrote:sparkly wrote:murchr wrote:sparkly wrote:murchr wrote:sparkly wrote:obiero wrote:the first of five 737 800 is on its way to the motherland.. when the inevitable profit turnaround comes soon, most wazuans will be left wondering.. The airline business makes money for everyone else except the shareholder. Money for the plane manufacturers, financiers/lessors, oil companies, pilots and executives but nothing left for the shareholders. As optimistic as I am for KQ and its newer fleet, I Know that operating and financing costs will go up exponentially, offsetting increase in revenues and savings in maintenance. Avoid generalizations and blanket statements, there are airlines out there making money for its shareholders. You cant say that for airlines such as Singapore airlines Last year Delta Airlines paid quarterly dividends and did some share buy back, you know how that can affect the price. Tho they last did it in 2003. US Airlines has been profitable for some time and bought/merged with AA. Southwest has been giving its shareholders dividends every quarter but their plus has been their business strategy. Hedging. With Oil prices going down , KQ would get a loss if they locked down a high price. But i have no idea how that balances out with a strong Dollar. A List of Airlines that have crash landed! Comeon @Sparky i thought you're more intelligent than that. In every industry, all the companies that dont adapt and change with the environment DIE. It doesnt matter if its in banking or manufacturing. @murchr in the airline industry failure is the rule rather than the exception. lets talk facts, shall we... The airline industry is characterized by: 1. High barriers to entry because of capital costs and regulations. 2. Low profit margins. 3. High fixed costs for fuel, personnel, debt service and lease rentals. 4. Highly competitive, with constant price wars and ticket discounting. Most are highly subsidized national assets. Our beloved pride of Africa's (one of the best performing and managed airlines in the world) revenues for the last 3 yrs combined was KShs 311B but only KShs 1.6B reached the shareholders! Putting that money in T Bills would have earned you at least KShs 30B ((Average shareholders funds for 3 yrs was 28B. With 90% gearing these funds would have earned at least 10B from government paper)) . IMO, compared with other investments, project mawingu is just creating a bigger giant with a softer under belly. Now @murchr which of the above do you dispute? Give reasons. Spot on... Still, KQ is just one airline in the industry, most of them are making money ... delta, american, british, emirates, southwest, Japan airlines, Emirates, Ethiopian.....you name it, Question should be, why is KQ still making losses....Over capacity? un attractive rates? Travel advisories? Lack of strategy...etc. Avoid blanket statements Ok then. You tell us why KQ is making money for everyone else except the shareholders since your have rubbished my explanations as generalizations. Life is short. Live passionately.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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sparkly wrote:murchr wrote:sparkly wrote:From the Archives... Where are you @murchr? maka wrote:sparkly wrote:murchr wrote:sparkly wrote:murchr wrote:sparkly wrote:obiero wrote:the first of five 737 800 is on its way to the motherland.. when the inevitable profit turnaround comes soon, most wazuans will be left wondering.. The airline business makes money for everyone else except the shareholder. Money for the plane manufacturers, financiers/lessors, oil companies, pilots and executives but nothing left for the shareholders. As optimistic as I am for KQ and its newer fleet, I Know that operating and financing costs will go up exponentially, offsetting increase in revenues and savings in maintenance. Avoid generalizations and blanket statements, there are airlines out there making money for its shareholders. You cant say that for airlines such as Singapore airlines Last year Delta Airlines paid quarterly dividends and did some share buy back, you know how that can affect the price. Tho they last did it in 2003. US Airlines has been profitable for some time and bought/merged with AA. Southwest has been giving its shareholders dividends every quarter but their plus has been their business strategy. Hedging. With Oil prices going down , KQ would get a loss if they locked down a high price. But i have no idea how that balances out with a strong Dollar. A List of Airlines that have crash landed! Comeon @Sparky i thought you're more intelligent than that. In every industry, all the companies that dont adapt and change with the environment DIE. It doesnt matter if its in banking or manufacturing. @murchr in the airline industry failure is the rule rather than the exception. lets talk facts, shall we... The airline industry is characterized by: 1. High barriers to entry because of capital costs and regulations. 2. Low profit margins. 3. High fixed costs for fuel, personnel, debt service and lease rentals. 4. Highly competitive, with constant price wars and ticket discounting. Most are highly subsidized national assets. Our beloved pride of Africa's (one of the best performing and managed airlines in the world) revenues for the last 3 yrs combined was KShs 311B but only KShs 1.6B reached the shareholders! Putting that money in T Bills would have earned you at least KShs 30B ((Average shareholders funds for 3 yrs was 28B. With 90% gearing these funds would have earned at least 10B from government paper)) . IMO, compared with other investments, project mawingu is just creating a bigger giant with a softer under belly. Now @murchr which of the above do you dispute? Give reasons. Spot on... Still, KQ is just one airline in the industry, most of them are making money ... delta, american, british, emirates, southwest, Japan airlines, Emirates, Ethiopian.....you name it, Question should be, why is KQ still making losses.... Over capacity? un attractive rates? Travel advisories? Lack of strategy...etc. Avoid blanket statements Ok then. You tell us why KQ is making money for everyone else except the shareholders since your have rubbished my explanations as generalizations. Probably all of the highlighted "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 6/15/2010 Posts: 126
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Has KQ issued a profit warning? I haven't been following this very keenly "The trouble with not having a goal is that you can spend your life running up and down the field and never score". - Bill Copeland
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Seeing something about KQ closing its runway for 6 hours daily i.e. cutting upto 30% of flights, can this be right? Sehemu ndio nyumba
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Rank: Veteran Joined: 8/10/2014 Posts: 963 Location: Kenya
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This is just embarrassing. Ethiopian Airlines will take over all international flights in Africa soon
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Rank: Elder Joined: 6/23/2009 Posts: 13,487 Location: nairobi
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Edyj wrote:Has KQ issued a profit warning? I haven't been following this very keenly Yes. A profit warning was issued, upon release of half year results
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 1/10/2015 Posts: 411
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watesh wrote:This is just embarrassing. Ethiopian Airlines will take over all international flights in Africa soon KQ once the pride of africa is becoming the shame of Africa. Due to poor management Your income is directly related to your philosophy, Not the economy.-Jim Rohn
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Flights Reschedules; More flighst.. www.standardmedia.co.ke/...adjustments-from-april-1Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 3/2/2009 Posts: 26,325 Location: Masada
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Edyj wrote:Has KQ issued a profit warning? I haven't been following this very keenly Do you need a warning that there will be no profits this year? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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