obiero wrote:ArrestedDev wrote:obiero wrote: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
Fleet rationalisation and route optimisation are two different things.
There is nothing like media creation. Mikosz is very clearly that he doesn’t know a way out to pull KQ out of the mess it is in.
MJ reiterates that recovery will be very slow.
Mikosz doesn’t know how to hide it. He has seen the 2018 results. The state of the financial affairs is very bad.
KQ will recover. It's only a matter of when
Recover without strategies? It cannot happen at all.
If Mikosz is making the same mistakes that Naikuni made then what do you expect?
The KAWU officials through their press release though it was shallow conveyed the message. People without the necessary experience are being appointed to hold very critical roles.
A bunch of useless KLM rejects are being paid millions for doing nothing. Bogus polish consulants are drawing millions for just duplicating roles being held by other KQ staff.