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Kenya Airways...why ignore..
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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obiero wrote:ArrestedDev wrote:sparkly wrote:obiero wrote:xxxxx wrote:obiero wrote:xxxxx wrote:obiero wrote:[quote=VituVingiSana]@sparkly - Why do you want to hurt someone's feelings? “There is actually no way KQ can be profitable in its current state. I don’t know how to do that,” Mr Mikosz said. “The pilots are overpaid and the workforce bloated, bleeding the airline to death,” he said. In Mr Makosz's view, KQ should be delisted from the Nairobi Securities Exchange to facilitate a quieter turnaround away from the noise of minority shareholders. Mr Mikosz took a swipe at his predecessors Titus Naikuni and Mbuvi Ngunze, for bringing KQ to its current predicament. Problems were compounded in 2017 when the airline was forced into a bad restructuring programme. https://www.theeastafric...558-15dhd7kz/index.html
The JKIA must be gained by KQ or I am sunk. Well at least @maka has achieved his objective of forcing Sebastian out via sabotage including labor unrest and intentional malicious damage by the technical team to three aircraft in the last 6 months. As I have stated here since 2012, KQ employees are the main problem at KQ and not the airline industry itself.. Kenya has reasonable visitor traffic to ensure a profitable KQ, but the staff have other ideas including collusion with travel agents to drive traffic away from KQ to competition for a cut. Imagine that .....and yet with all that info, you still hope for returns from this monkey  Returns will come because GoK will not let the firm die.. You expect me to sell at 78% loss position? I will take my chances and wait to see how it ends.. Sometimes the best thing to do when u find yourself in a hole is to stop digging. Govt not letting KQ die is not slang for you making money off KQ stock. At 78% loss, you need kq to rise by 156% just to break even. You need miracles and blessings my brother. With Mikosz's most recent situation analysis, and his opinion that KQ should be delisted to sort itself quietly away from the likes of you minority shareholders, that staff are overpaid, that govt patronage is mandatory for KQ, the writing's on the wall for u. He's given KQ at most 5 years. We have more possibility for positive returns on our ARMCement 100% write offs than your stake in KQ. You better believe Murphy's law and act accordingly. Cut your losses while u still can. Thank me later. Hakuna kitu mpya unaniambia.. I am ready to loose 100% and fully provide for the same but I sense that a turnaround is imminent.. That's why I remain inside https://www.businessdail...2580-13ol23y/index.html[/quote] Bitange Ndemo, the self confessed enterprenuaral and consulting failure is now an expert on KQ matters  2018 loss must be worse. The way Mikosz is talking leaves a lot of doubts for KQ. Ngunze and Naikuni messed the Airline big time and no need to apportion blame anymore. Pilots should not be blamed also. How much does KLM folks, Polish consultants and Mikosz earn in comparison to the output? It is time for him to go if he cannot put in place a strong strategy team to guide the Airline forward. 5.6B loss is my forecast.. Sebastian talk is OK, the pain of having to explain a decision that benefits Kenyans who apparently do not see the sense in it 90% of Kenyans will not miss KQ. 99% of Kenyans don't benefit from a loss-making KQ. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Nowdays everyone is an expert in kq matters so that they can remain relevant Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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[quote=VituVingiSana]Clear up grey areas in KQ, KAA merger bid https://www.businessdail...138-13gum8ez/index.html[/quote] KQ KAA merger isn't the solution. JKIA revenues can't repay ksh.220bn debt even for 30 years. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/23/2014 Posts: 931
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What has suddenly happened with KQ, -10% trading is a bit strange.Or maybe there's some depressing news on the way. “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Member Joined: 6/6/2016 Posts: 167 Location: Nairobi
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KQ's problems are synonymous with the rest of the corruption sagas going in Kenya. There is no way this national asset can survive in such a globally competitive industry if you factor in there are looters (in and outside of the company) bleeding it dry on a daily basis. Mikosz will not be able to turn around the staff culture (I doubt anyone can) folks simply want to bite off their share until the thing kicks its last.
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Rank: Member Joined: 5/6/2008 Posts: 199
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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VituVingiSana wrote:EVERYBODY makes money off KQ but the Shareholders.
EVERYBODY includes:
MJ
Mikosz
Pilots
Suppliers akina Rugendo
JKIA
GoK [as a taxing authority not as a shareholder]
Crew
Janitors
Cabs
Uniform suppliers
KLM [as a supplier not as a shareholder]
PR people
Na kadhalika Dear @VVS, Please spare a thought for the main customer; The KQ Traveller, who has to deal with Expensive Tickets, Regular disruptions (strikes), lost/left Buggage, late departures (especially domestic), over-bookings during high season in addition to the thiefing KAA/KQ employees. Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Pesa Nane wrote:VituVingiSana wrote:EVERYBODY makes money off KQ but the Shareholders.
EVERYBODY includes:
MJ
Mikosz
Pilots
Suppliers akina Rugendo
JKIA
GoK [as a taxing authority not as a shareholder]
Crew
Janitors
Cabs
Uniform suppliers
KLM [as a supplier not as a shareholder]
PR people
Na kadhalika Dear @VVS, Please spare a thought for the main customer; The KQ Traveller, who has to deal with Expensive Tickets, Regular disruptions (strikes), lost/left Buggage, late departures (especially domestic), over-bookings during high season in addition to the thiefing KAA/KQ employees. This is kenya,nobody cares.They only look after their pockets Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 6/6/2016 Posts: 167 Location: Nairobi
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Well said. This thing is too gone to be salvaged. Just close the airline and think again. KQ can not operate in this competitive industry with the rate of looting going on in Kenya.
KQ was my first foray into the NSE, I am in a >70% paper loss. Let us (shareholders et al) cut our losses and move on before KAA is also looted to insolvency
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Rank: Member Joined: 3/20/2008 Posts: 503
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obiero wrote:ArrestedDev wrote:sparkly wrote:obiero wrote:xxxxx wrote:obiero wrote:xxxxx wrote:obiero wrote:[quote=VituVingiSana]@sparkly - Why do you want to hurt someone's feelings? “There is actually no way KQ can be profitable in its current state. I don’t know how to do that,” Mr Mikosz said. “The pilots are overpaid and the workforce bloated, bleeding the airline to death,” he said. In Mr Makosz's view, KQ should be delisted from the Nairobi Securities Exchange to facilitate a quieter turnaround away from the noise of minority shareholders. Mr Mikosz took a swipe at his predecessors Titus Naikuni and Mbuvi Ngunze, for bringing KQ to its current predicament. Problems were compounded in 2017 when the airline was forced into a bad restructuring programme. https://www.theeastafric...558-15dhd7kz/index.html
The JKIA must be gained by KQ or I am sunk. Well at least @maka has achieved his objective of forcing Sebastian out via sabotage including labor unrest and intentional malicious damage by the technical team to three aircraft in the last 6 months. As I have stated here since 2012, KQ employees are the main problem at KQ and not the airline industry itself.. Kenya has reasonable visitor traffic to ensure a profitable KQ, but the staff have other ideas including collusion with travel agents to drive traffic away from KQ to competition for a cut. Imagine that .....and yet with all that info, you still hope for returns from this monkey Returns will come because GoK will not let the firm die.. You expect me to sell at 78% loss position? I will take my chances and wait to see how it ends.. Sometimes the best thing to do when u find yourself in a hole is to stop digging. Govt not letting KQ die is not slang for you making money off KQ stock. At 78% loss, you need kq to rise by 156% just to break even. You need miracles and blessings my brother. With Mikosz's most recent situation analysis, and his opinion that KQ should be delisted to sort itself quietly away from the likes of you minority shareholders, that staff are overpaid, that govt patronage is mandatory for KQ, the writing's on the wall for u. He's given KQ at most 5 years. We have more possibility for positive returns on our ARMCement 100% write offs than your stake in KQ. You better believe Murphy's law and act accordingly. Cut your losses while u still can. Thank me later. Hakuna kitu mpya unaniambia.. I am ready to loose 100% and fully provide for the same but I sense that a turnaround is imminent.. That's why I remain inside https://www.businessdail...2580-13ol23y/index.html[/quote] Bitange Ndemo, the self confessed enterprenuaral and consulting failure is now an expert on KQ matters 2018 loss must be worse. The way Mikosz is talking leaves a lot of doubts for KQ. Ngunze and Naikuni messed the Airline big time and no need to apportion blame anymore. Pilots should not be blamed also. How much does KLM folks, Polish consultants and Mikosz earn in comparison to the output? It is time for him to go if he cannot put in place a strong strategy team to guide the Airline forward. 5.6B loss is my forecast.. Sebastian talk is OK, the pain of having to explain a decision that benefits Kenyans who apparently do not see the sense in it @Obiero.....u remind me of NJUNGE who was in love with Mumias Sugar. I really wish Njunge could speak about Mumias Sugar's current predicament.
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Kenya Airways...why ignore..
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