VituVingiSana wrote:the deal wrote:i'm also loosing my patience with KQ...i cost average to 47 but the boeing is not taking off...lets wait for Q1 out end of this month...then we can sell and move into KCB...
Q1 passenger numbers should be good Q-on-Q coz of World Cup.
- There were 6 African countries many of which KQ serves including Nigeria, Cameroon, Ghana, Cote DIvoire which are served through JKIA by KQ.
- KQ also serves Netherlands (AMS), England (LHR), France (CDG) as well. Of course, all these had direct flights to S.Africa but KQ might have received some 'overflow'.
- Many Kenyans I know went to SA just for the World Cup. They had never flown to SA before & were unlikely to do so this year.
- Business has also picked up between Kenya & other African countries which should have helped KQ.
- There will be losses from Iceland volcano but limited to European flights & affected everyone. There may have been a partial recovery due to pent-up demand.
Am I happy with KQ's financial performance? NO.
Do I think the operational performance in 1Q 2010-11 will be better? YES.
Will it translate to better financial performance? I HOPE SO
This is turning into a KQ discussion......
@VVS,
You are absolutely on point with the above indicators.
In addition:
-KQ has sold the highest fares ever during this WC peak, and this normally has a huge effect on any airlines bottom line!
-New routes like Juba which were launched as daily flights (very brave for a new route) are doing exceptionally well for a daily flight
-Smaller domestic carriers escpecially to Mombasa are being quickly edged out as KQ improves its product on this route escpecially using E170 jets dedicated for the route
Overall, a very good perfomance should be expected for the 1st half.
The second half is a traditional peak
