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Ericsson		#12271 Posted : Tuesday, April 30, 2019 9:15:35 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		The airline attributed the loss to the high cost of fuel, high salaries and fleet ownership cost which account for nearly two thirds of the its operating costs. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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maka		#12272 Posted : Tuesday, April 30, 2019 9:25:11 AM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		Ericsson wrote: The airline attributed the loss to the high cost of fuel, high salaries and fleet ownership cost which account for nearly two thirds of the its operating costs. From the guy who bought a new VX when there was a proper MD car infact he flouted KQ procurement procedures... Stays in a company mansion in Karen... Has a Polish bodyguard earning 1.2m per month plus 2 more from BM... Spends 90% of his time out of the country staying in crazy hotels yet KQ has hotels contracted for staff everywhere... What have I forgotten... Yeah earns the 8m that was stated but coerced finance/payroll guys to lower the figure so that it looks OK during the parliamentary hearing.... The fellow is just a crook. possunt quia posse videntur
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nairobby		#12273 Posted : Tuesday, April 30, 2019 9:36:20 AM
Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya		maka wrote: Ericsson wrote: The airline attributed the loss to the high cost of fuel, high salaries and fleet ownership cost which account for nearly two thirds of the its operating costs. From the guy who bought a new VX when there was a proper MD car infact he flouted KQ procurement procedures... Stays in a company mansion in Karen... Has a Polish bodyguard earning 1.2m per month plus 2 more from BM... Spends 90% of his time out of the country staying in crazy hotels yet KQ has hotels contracted for staff everywhere... What have I forgotten... Yeah earns the 8m that was stated but coerced finance/payroll guys to lower the figure so that it looks OK during the parliamentary hearing.... The fellow is just a crook. Haha give us a source for all this otherwise you and Alai are no different
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maka		#12274 Posted : Tuesday, April 30, 2019 9:37:50 AM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		nairobby wrote: maka wrote: Ericsson wrote: The airline attributed the loss to the high cost of fuel, high salaries and fleet ownership cost which account for nearly two thirds of the its operating costs. From the guy who bought a new VX when there was a proper MD car infact he flouted KQ procurement procedures... Stays in a company mansion in Karen... Has a Polish bodyguard earning 1.2m per month plus 2 more from BM... Spends 90% of his time out of the country staying in crazy hotels yet KQ has hotels contracted for staff everywhere... What have I forgotten... Yeah earns the 8m that was stated but coerced finance/payroll guys to lower the figure so that it looks OK during the parliamentary hearing.... The fellow is just a crook. Haha give us a source for all this otherwise you and Alai are no different You must be new here right? Just go through the thread and check out my posts... Thats why as a shareholder @Obiero should be asking such questions at the AGM. possunt quia posse videntur
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maka		#12275 Posted : Tuesday, April 30, 2019 9:43:32 AM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		maka wrote: nairobby wrote: maka wrote: Ericsson wrote: The airline attributed the loss to the high cost of fuel, high salaries and fleet ownership cost which account for nearly two thirds of the its operating costs. From the guy who bought a new VX when there was a proper MD car infact he flouted KQ procurement procedures... Stays in a company mansion in Karen... Has a Polish bodyguard earning 1.2m per month plus 2 more from BM... Spends 90% of his time out of the country staying in crazy hotels yet KQ has hotels contracted for staff everywhere... What have I forgotten... Yeah earns the 8m that was stated but coerced finance/payroll guys to lower the figure so that it looks OK during the parliamentary hearing.... The fellow is just a crook. Haha give us a source for all this otherwise you and Alai are no different You must be new here right? Just go through the thread and check out my posts... Thats why as a shareholder @Obiero should be asking such questions at the AGM. From a close friend.... They will always attribute the loss to something other than themselves..... Reminds me of Hedgehog Hodgson when he was briefly Liverpool coach. possunt quia posse videntur
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obiero		#12276 Posted : Tuesday, April 30, 2019 9:45:47 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi		maka wrote: nairobby wrote: maka wrote: Ericsson wrote: The airline attributed the loss to the high cost of fuel, high salaries and fleet ownership cost which account for nearly two thirds of the its operating costs. From the guy who bought a new VX when there was a proper MD car infact he flouted KQ procurement procedures... Stays in a company mansion in Karen... Has a Polish bodyguard earning 1.2m per month plus 2 more from BM... Spends 90% of his time out of the country staying in crazy hotels yet KQ has hotels contracted for staff everywhere... What have I forgotten... Yeah earns the 8m that was stated but coerced finance/payroll guys to lower the figure so that it looks OK during the parliamentary hearing.... The fellow is just a crook. Haha give us a source for all this otherwise you and Alai are no different You must be new here right? Just go through the thread and check out my posts... Thats why as a shareholder @Obiero should be asking such questions at the AGM. I'm only interested in how one can temporarily "lower" a salary to give a false media position KQ ABP 4.26
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obiero		#12277 Posted : Tuesday, April 30, 2019 9:51:22 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi		hardwood wrote: obiero wrote: VituVingiSana wrote: obiero wrote: Tomorrow all is revealed on the turnaround journey.. Any loss higher than 7B and I will consider myself sunk! But my prediction sticks at a loss before tax sum of KES 5.8B Is that 5.8bn pre-tax loss? Or a post-tax loss? Is the 7bn a pre-tax or Loss after tax? Loss before tax is the same as pre tax loss.. Meanwhile reports just in, show that a duty manager, one pilot and a flight engineer have this morning been arrested over a delayed flight scheme where they receive 'commission' from an infamous hotel based near Wilson Airport Hehe. Lets the staff also hustle. Mtu anakula pahali ako. Tabia mbaya sana https://twitter.com/adri...1122732452244545537?s=21 KQ ABP 4.26
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nairobby		#12278 Posted : Tuesday, April 30, 2019 9:53:00 AM
Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya		The lowering of the salary seems impossible to me. I wouldn't believe it at all. Increase in revenue is pleasing but those fleet ownership costs are back with a bang. It is clear that expansion is the only way given the improved pax numbers, cargo revenue and cabin factor. I can see they are back to negative equity as well. Since I wouldn't want taxpayers to foot the bill they should just shut it down. KQ has a high cost structure that may never change, close it and start a new airline.
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maka		#12279 Posted : Tuesday, April 30, 2019 9:53:34 AM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		obiero wrote: maka wrote: nairobby wrote: maka wrote: Ericsson wrote: The airline attributed the loss to the high cost of fuel, high salaries and fleet ownership cost which account for nearly two thirds of the its operating costs. From the guy who bought a new VX when there was a proper MD car infact he flouted KQ procurement procedures... Stays in a company mansion in Karen... Has a Polish bodyguard earning 1.2m per month plus 2 more from BM... Spends 90% of his time out of the country staying in crazy hotels yet KQ has hotels contracted for staff everywhere... What have I forgotten... Yeah earns the 8m that was stated but coerced finance/payroll guys to lower the figure so that it looks OK during the parliamentary hearing.... The fellow is just a crook. Haha give us a source for all this otherwise you and Alai are no different You must be new here right? Just go through the thread and check out my posts... Thats why as a shareholder @Obiero should be asking such questions at the AGM. I'm only interested in how one can temporarily "lower" a salary to give a false media position Wait for it rem everything I have told you here and in private has come to pass Pole sana for the loss... Prepare yourself for a super widening this year... possunt quia posse videntur
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obiero		#12280 Posted : Tuesday, April 30, 2019 10:04:01 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi		maka wrote: obiero wrote: maka wrote: nairobby wrote: maka wrote: Ericsson wrote: The airline attributed the loss to the high cost of fuel, high salaries and fleet ownership cost which account for nearly two thirds of the its operating costs. From the guy who bought a new VX when there was a proper MD car infact he flouted KQ procurement procedures... Stays in a company mansion in Karen... Has a Polish bodyguard earning 1.2m per month plus 2 more from BM... Spends 90% of his time out of the country staying in crazy hotels yet KQ has hotels contracted for staff everywhere... What have I forgotten... Yeah earns the 8m that was stated but coerced finance/payroll guys to lower the figure so that it looks OK during the parliamentary hearing.... The fellow is just a crook. Haha give us a source for all this otherwise you and Alai are no different You must be new here right? Just go through the thread and check out my posts... Thats why as a shareholder @Obiero should be asking such questions at the AGM. I'm only interested in how one can temporarily "lower" a salary to give a false media position Wait for it rem everything I have told you here and in private has come to pass Pole sana for the loss... Prepare yourself for a super widening this year... You crashed the two Embraers by loosening the yoke. It's only that you are my buddy otherwise I would have turned you in KQ ABP 4.26
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