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Kenya Airways...why ignore..
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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obiero wrote:Yes. We already saw the KQ operating profit recently.. So right now it's all about the bottom line. With the recent moves in Cape Town, Mauritius, Gabon, USA and now Somalia, the revenues can only face one way as there are now only two serious African carriers Costs are off the roof... Hapa hakuna net profit in the foreseeable future... Maybe 2023. possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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VituVingiSana wrote:KQ will rue the day that Ngunze sold off the prime slots slots at LHR.
Kenya's #1 export market.
Kenya's top 3 tourism source market.
Lots of diasporans in the London area.
LHR has excellent connections to North America and Europe. It rivals AMS and CDG. Desperate times called for desperate measures.. He sold it at an unprecedented tidy sum in KQs favor. For now KLM hosts us https://www.businesstrav...-its-only-heathrow-slot/
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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maka wrote:obiero wrote:Yes. We already saw the KQ operating profit recently.. So right now it's all about the bottom line. With the recent moves in Cape Town, Mauritius, Gabon, USA and now Somalia, the revenues can only face one way as there are now only two serious African carriers Costs are off the roof... Hapa hakuna net profit in the foreseeable future... Maybe 2023. You lie at such a late hour? How ungodly! KQ costs have been on a quarter to quarter decline over the last 5 years and USA launch had to eat up some cash.. Nothing is free in this world, KQ is renting office space in 1835 Broadway suite 604 as its sales office. In the middle of New York city, of course it's expensive! Nothing ventured, nothing gained. Spend money to make money 
KQ ABP 4.26
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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obiero wrote:VituVingiSana wrote:KQ will rue the day that Ngunze sold off the prime slots slots at LHR.
Kenya's #1 export market.
Kenya's top 3 tourism source market.
Lots of diasporans in the London area.
LHR has excellent connections to North America and Europe. It rivals AMS and CDG. Desperate times called for desperate measures.. He sold it at an unprecedented tidy sum in KQs favor. For now KLM hosts us https://www.businesstrav...its-only-heathrow-slot/ "News has emerged that it was Kenya Airways who sold Oman Air its prized early morning slot at London Heathrow." >>> Of the $75mn from Oman Air, Ngunze paid himself $2mn over the next 2 years! 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: 14,213 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:KQ will rue the day that Ngunze sold off the prime slots slots at LHR.
Kenya's #1 export market.
Kenya's top 3 tourism source market.
Lots of diasporans in the London area.
LHR has excellent connections to North America and Europe. It rivals AMS and CDG. Desperate times called for desperate measures.. He sold it at an unprecedented tidy sum in KQs favor. For now KLM hosts us https://www.businesstrav...its-only-heathrow-slot/ "News has emerged that it was Kenya Airways who sold Oman Air its prized early morning slot at London Heathrow." >>> Of the $75mn from Oman Air, Ngunze paid himself $2mn over the next 2 years! It was a pay package.. There was a board of directors who could have rescinded but they saw it fit. Who are we to deny a man his salary
KQ ABP 4.26
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:KQ will rue the day that Ngunze sold off the prime slots slots at LHR.
Kenya's #1 export market.
Kenya's top 3 tourism source market.
Lots of diasporans in the London area.
LHR has excellent connections to North America and Europe. It rivals AMS and CDG. Desperate times called for desperate measures.. He sold it at an unprecedented tidy sum in KQs favor. For now KLM hosts us https://www.businesstrav...its-only-heathrow-slot/ "News has emerged that it was Kenya Airways who sold Oman Air its prized early morning slot at London Heathrow." >>> Of the $75mn from Oman Air, Ngunze paid himself $2mn over the next 2 years! It was a pay package.. There was a board of directors who could have rescinded but they saw it fit. Who are we to deny a man his salary That team was just looking for what to sell next, they would have sold even our own @maka by now. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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Angelica _ann wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:KQ will rue the day that Ngunze sold off the prime slots slots at LHR.
Kenya's #1 export market.
Kenya's top 3 tourism source market.
Lots of diasporans in the London area.
LHR has excellent connections to North America and Europe. It rivals AMS and CDG. Desperate times called for desperate measures.. He sold it at an unprecedented tidy sum in KQs favor. For now KLM hosts us https://www.businesstrav...its-only-heathrow-slot/ "News has emerged that it was Kenya Airways who sold Oman Air its prized early morning slot at London Heathrow." >>> Of the $75mn from Oman Air, Ngunze paid himself $2mn over the next 2 years! It was a pay package.. There was a board of directors who could have rescinded but they saw it fit. Who are we to deny a man his salary That team was just looking for what to sell next, they would have sold even our own @maka by now. How would that be a bad thing? KQ have introduced a Brand Warrior reward program for each staff that gets clients to fly with KQ but @maka instead keeps reminiscent of the dropped Buddy Pass.. I know @maka is a gentleman thus I wish him well but you can tell that a clique of workers at KQ are against KQs turnaround, which makes it difficult for top management to deliver. Very similar to what happened to Mourinho at his last Chelsea season
KQ ABP 4.26
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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obiero wrote:maka wrote:obiero wrote:Yes. We already saw the KQ operating profit recently.. So right now it's all about the bottom line. With the recent moves in Cape Town, Mauritius, Gabon, USA and now Somalia, the revenues can only face one way as there are now only two serious African carriers Costs are off the roof... Hapa hakuna net profit in the foreseeable future... Maybe 2023. You lie at such a late hour? How ungodly! KQ costs have been on a quarter to quarter decline over the last 5 years and USA launch had to eat up some cash.. Nothing is free in this world, KQ is renting office space in 1835 Broadway suite 604 as its sales office. In the middle of New York city, of course it's expensive! Nothing ventured, nothing gained. Spend money to make money If they make a profit I will buy you a Macallan Fine Oak 21 YO... Na buddy pass zinarudi... Whoop whoop... possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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maka wrote:obiero wrote:maka wrote:obiero wrote:Yes. We already saw the KQ operating profit recently.. So right now it's all about the bottom line. With the recent moves in Cape Town, Mauritius, Gabon, USA and now Somalia, the revenues can only face one way as there are now only two serious African carriers Costs are off the roof... Hapa hakuna net profit in the foreseeable future... Maybe 2023. You lie at such a late hour? How ungodly! KQ costs have been on a quarter to quarter decline over the last 5 years and USA launch had to eat up some cash.. Nothing is free in this world, KQ is renting office space in 1835 Broadway suite 604 as its sales office. In the middle of New York city, of course it's expensive! Nothing ventured, nothing gained. Spend money to make money If they make a profit I will buy you a Macallan Fine Oak 21 YO... Na buddy pass zinarudi... Whoop whoop... I offer Glenfiddich 12 incase you overcome my prophecy of a profit by H1 2019
KQ ABP 4.26
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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obiero wrote:Meanwhile, Mike Maina Kamau top individual KQ shareholder, 8 year case against GoK in destruction of his 8 bedroom Spring Valley mansion to be heard next week at the Environmental Court   Sad to see him lose both his house and investment. Both destroyed. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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