ArrestedDev wrote:obiero wrote:nairobby wrote:[quote=obiero]The much anticipated and misunderstood PIIP document
http://www.winda.co.ke/Proposed-PPP-KAA-KQ.pdf[/quote]
I love KQ but this doc doesn't explain how this PPP will reduce KQ's biggest problem which is the crazy high cost structure
The cost structure was primarily laden with expensive debt. That line is now down 41% post restructuring. Fleet rationalization also hit at the expenses by 18%.. Overall the expense lines are under unrelenting attack hence union agitation
What do you mean by saying fleet rationalisation hit the expenses by 18%. Fleet reduction is among the stupid decisions made during the restructuring being referred to by Mikosz in the recent press conference he held.
MJ is being quoted saying the opposite of what Mikosz said. They are not reading from the same script. KQ recovery is far away.
The reduction in services being mentioned by Mikosz includes terminating routes e.g. Newyork.
Fleet rationalization refers to optimization, choosing the best routes with highest RASK, not reduction. The alleged war between the board chair and CEO is a social media creation. They are both after JKIA, jointly
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21