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Kenya Airways...why ignore..
Rank: Elder Joined: 6/23/2009 Posts: 13,487 Location: nairobi
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He said lots of positives too.. Like the booking engine and cost cuttin through strategic partners in countries such as China
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,078 Location: Nairobi
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obiero wrote:He said lots of positives too.. Like the booking engine and cost cuttin through strategic partners in countries such as China That's why KQ doesn't give you an extra cup of water while flying. They can't afford it! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,487 Location: nairobi
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VituVingiSana wrote:obiero wrote:He said lots of positives too.. Like the booking engine and cost cuttin through strategic partners in countries such as China That's why KQ doesn't give you an extra cup of water while flying. They can't afford it! Are u on the plane to journey or to eat and drink?? This is the problem in Africa.. Never satisfied. Thats why we even have a very successful rap group called Kleptomaniacs!
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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You can't dream of enjoying a first world economy if your own backyard is third world! #fixit @ShingiMunyeza
It's good to aspire, it's also good to be grounded. Africa lacks the most of basic infrastructure & services. Now, that is an opportunity for some, a problem to some.
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Rank: Member Joined: 2/20/2015 Posts: 467 Location: Nairobi
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Can't get a flight booking to Europe (Amsterdam) next week on KQ/KLM as they are fully booked. The doom and gloom here doesn't add up.
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Rank: New-farer Joined: 6/30/2014 Posts: 86 Location: nairobi
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kawi254 wrote:Can't get a flight booking to Europe (Amsterdam) next week on KQ/KLM as they are fully booked. The doom and gloom here doesn't add up. heading to AMS one uses KLM. Raha ile iko pale iko salama but haifikii Qatar. The night flight from AMS to NBO is sad (read KQ), asubuhi asbuhi Ngumu, Juice/chai na njugu
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Rank: Elder Joined: 6/23/2009 Posts: 13,487 Location: nairobi
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kawi254 wrote:Can't get a flight booking to Europe (Amsterdam) next week on KQ/KLM as they are fully booked. The doom and gloom here doesn't add up. Return ticket to Uganda now costs KES 53,000 being almost the same cost for a one way ticket to the middle east. KQ will turn the corner.. By the way, most wazuans harp on Warrent Buffet's old opinion against investin in airline stock but the old wise man is the proud owner of Netjets USA, an aviation firm!
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Hello Joined: 4/20/2015 Posts: 8
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obiero wrote:kawi254 wrote:Can't get a flight booking to Europe (Amsterdam) next week on KQ/KLM as they are fully booked. The doom and gloom here doesn't add up. Return ticket to Uganda now costs KES 53,000 being almost the same cost for a one way ticket to the middle east. KQ will turn the corner.. By the way, most wazuans harp on Warrent Buffet's old opinion against investin in airline stock but the old wise man is the proud owner of Netjets USA, an aviation firm! @Obiero I know you have sworn by this stock and I totally respect your opinion/analysis, but is there any specific reason to warrant your projection of +100 for this stock in the next few years. Especially considering there are looming court cases, travel advisories etc etc and of course not forgetting things were not rosy before the westgate, alshabaab & Ebola factors.
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Rank: Elder Joined: 6/23/2009 Posts: 13,487 Location: nairobi
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Aardwolf wrote:obiero wrote:kawi254 wrote:Can't get a flight booking to Europe (Amsterdam) next week on KQ/KLM as they are fully booked. The doom and gloom here doesn't add up. Return ticket to Uganda now costs KES 53,000 being almost the same cost for a one way ticket to the middle east. KQ will turn the corner.. By the way, most wazuans harp on Warrent Buffet's old opinion against investin in airline stock but the old wise man is the proud owner of Netjets USA, an aviation firm! @Obiero I know you have sworn by this stock and I totally respect your opinion/analysis, but is there any specific reason to warrant your projection of +100 for this stock in the next few years. Especially considering there are looming court cases, travel advisories etc etc and of course not forgetting things were not rosy before the westgate, alshabaab & Ebola factors. KES 100 is based on hope, but realistically KES 40 is the true fair price of KQ upon return to profitability of any kind.. I would hasten to add for the purpose of exit from cash/profit crisis, the policy of hedging must be brought to a close and a new policy cappin age of fleet to planes younger than 7 years signed in..
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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@Obiero, NetJets isn't an airline! its fractional ownership.....different soup my friend!! However, Im with you here, buying KQ shares now!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Horton wrote:@Obiero, NetJets isn't an airline! its fractional ownership.....different soup my friend!! However, Im with you here, buying KQ shares now! Berkshire is also in GE so GECAS the aviation arm is correlated to NetJets. We can ask Grandpa to intervene in this small issue (context) of ours?
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Rank: Elder Joined: 6/23/2009 Posts: 13,487 Location: nairobi
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Cde Monomotapa wrote:Horton wrote:@Obiero, NetJets isn't an airline! its fractional ownership.....different soup my friend!! However, Im with you here, buying KQ shares now! Berkshire is also in GE so GECAS the aviation arm is correlated to NetJets. We can ask Grandpa to intervene in this small issue (context) of ours? @Horton.. Fractional ownership owned by which firm?? And in which industry??
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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Kshs. 230,000/= to Liberia on Economy class [Ethiopian Airlines] with stop overs in Addis Ababa and Abidjan??? Hii ni hujuma!!! @guka, how long would it take for you to drive someone to Monrovia? KQ charges Kshs. 260,000/= and then puts you on the same plane Ethiopian Airlines will put you on in Addis! Nini hii??? Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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MaichBlack wrote:Kshs. 230,000/= to Liberia on Economy class [Ethiopian Airlines] with stop overs in Addis Ababa and Abidjan???
Hii ni hujuma!!! @guka, how long would it take for you to drive someone to Monrovia?
KQ charges Kshs. 260,000/= and then puts you on the same plane Ethiopian Airlines will put you on in Addis! Nini hii??? #AskAfrika. The reporter took time to write the following... Standard wroteQuote:He attributed this to the “super expensive” cost of airline operations, especially on the African continent. “If I fly from Nairobi to South Africa, I fly over seven countries,” he said, and pays a cost for flying over each foreign air space.
The national carriers also have to pay for flight control in these countries, as well as for using navigation aids, Mr Buitelaar added
“And airports open at night [so] I pay for that electricity,” he said..
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Rank: Chief Joined: 1/3/2007 Posts: 18,078 Location: Nairobi
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Warren Buffett said airlines face too many hurdles to be sustainably profitable. Myriad regulations, government interference, customers looking for the cheapest deals, etc... Easy entry into the business [well, in the USA] also means the barriers to entry are low. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 9/16/2006 Posts: 228
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Cash-strapped Kenya Airways has initiated talks with an airline from the Middle East in a bid to raise cash in exchange for equity. Sources within the company also told Sunday Nation that the national carrier has abandoned midway its multi-billion project for the purchase of new Dreamliner jets. This is said to be part of new measures the airline hopes will boost its struggle to get out of its current financial crisis. Though the KQ management would not confirm or deny the engagement with a potential partner on Saturday, CEO Mbuvi Ngunze is on record saying that the airline is looking for a partner with deep pockets. http://www.nation.co.ke/...0/-/ui7dwez/-/index.html“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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Rank: Elder Joined: 6/23/2009 Posts: 13,487 Location: nairobi
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[quote=uchumi]Cash-strapped Kenya Airways has initiated talks with an airline from the Middle East in a bid to raise cash in exchange for equity. Sources within the company also told Sunday Nation that the national carrier has abandoned midway its multi-billion project for the purchase of new Dreamliner jets. This is said to be part of new measures the airline hopes will boost its struggle to get out of its current financial crisis. Though the KQ management would not confirm or deny the engagement with a potential partner on Saturday, CEO Mbuvi Ngunze is on record saying that the airline is looking for a partner with deep pockets. http://www.nation.co.ke/.../-/ui7dwez/-/index.html[/quote] Godsent Ngunze.. :)
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Would assume that in giving another airline their equity, first right of refusal would go to a Sky Partner. The Middle East partners are Middle East Airlines and Saudia.
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Rank: Member Joined: 8/4/2008 Posts: 205 Location: Nairobi
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And the bad news keeps rolling sorry flying in! Kenya Airways Problems"When the pupil is ready to learn, a teacher will appear." -- Zen proverb
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Rank: Member Joined: 10/14/2011 Posts: 661
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These don't seem to be new issues, what this article highlights is what many commentators have recently been writing about. KQ addressing these issues and a bit of PR would be a step in right direction, remember customer's perception of a product definitely impact sales hence bottom line.
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