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Kenya Airways...why ignore..
maka
#12281 Posted : Tuesday, April 30, 2019 10:16:56 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
obiero wrote:
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 Laughing out loudly


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 smile

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


Don't worry Musila is taking the heat because of that I dont see him surviving for long... What else?
possunt quia posse videntur
VituVingiSana
#12282 Posted : Tuesday, April 30, 2019 10:30:59 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Who here was surprised at such a huge loss?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
tandich
#12283 Posted : Tuesday, April 30, 2019 10:36:53 AM
Rank: Member

Joined: 5/6/2008
Posts: 199
I’m waiting for the numbers, especially the balance sheet. Will they ‘forget’ to publish it this time too?
Ericsson
#12284 Posted : Tuesday, April 30, 2019 10:56:10 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
tandich wrote:
I’m waiting for the numbers, especially the balance sheet. Will they ‘forget’ to publish it this time too?


2018 Results in comparison to 2017 Results

Revenue ksh.114.2bn compared to ksh.80.8bn
Fleet costs ksh.18.9bn compared to ksh.12.4 billion
Overheads ksh.20.9bn compared to ksh.15.8bn
Direct operating costs ksh.75bn compared to ksh.51.8bn
Operating profit ksh.683mn compared to ksh.1 bn
Net Loss After Tax ksh.7.5bn compared to ksh.6.4bn

KQ needs to tame it's costs
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
maka
#12285 Posted : Tuesday, April 30, 2019 10:56:44 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
VituVingiSana wrote:
Who here was surprised at such a huge loss?



Maybe @Obiero...No surprise.
possunt quia posse videntur
Metch
#12286 Posted : Tuesday, April 30, 2019 11:45:35 AM
Rank: Member

Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
Ericsson wrote:
tandich wrote:
I’m waiting for the numbers, especially the balance sheet. Will they ‘forget’ to publish it this time too?


2018 Results in comparison to 2017 Results

Revenue ksh.114.2bn compared to ksh.80.8bn
Fleet costs ksh.18.9bn compared to ksh.12.4 billion
Overheads ksh.20.9bn compared to ksh.15.8bn
Direct operating costs ksh.75bn compared to ksh.51.8bn
Operating profit ksh.683mn compared to ksh.1 bn
Net Loss After Tax ksh.7.5bn compared to ksh.6.4bn

KQ needs to tame it's costs

Doubts cast on its viability. Same people want to run JKIA?
Start!
rwitre
#12287 Posted : Tuesday, April 30, 2019 11:45:45 AM
Rank: Member

Joined: 3/8/2018
Posts: 507
Location: Nairobi
Ericsson wrote:
tandich wrote:
I’m waiting for the numbers, especially the balance sheet. Will they ‘forget’ to publish it this time too?


2018 Results in comparison to 2017 Results

Revenue ksh.114.2bn compared to ksh.80.8bn
Fleet costs ksh.18.9bn compared to ksh.12.4 billion
Overheads ksh.20.9bn compared to ksh.15.8bn
Direct operating costs ksh.75bn compared to ksh.51.8bn
Operating profit ksh.683mn compared to ksh.1 bn
Net Loss After Tax ksh.7.5bn compared to ksh.6.4bn

KQ needs to tame it's costs


Shareholders will be left with a husk if this continues.
xxxxx
#12288 Posted : Tuesday, April 30, 2019 11:48:49 AM
Rank: Member

Joined: 3/20/2008
Posts: 503
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


Laughing out loudly Its only when the tide goes out that we get to know who's been swimming naked.Laughing out loudly Laughing out loudly @Obiero.
nairobby
#12289 Posted : Tuesday, April 30, 2019 12:33:23 PM
Rank: Member

Joined: 1/18/2019
Posts: 185
Location: kenya
B777 to remain on lease with Turkish till 2025/26 and the final dreamliner has left Oman Air to be back in June for Rome/Geneva.
VituVingiSana
#12290 Posted : Tuesday, April 30, 2019 12:53:38 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
rwitre wrote:
Ericsson wrote:
tandich wrote:
I’m waiting for the numbers, especially the balance sheet. Will they ‘forget’ to publish it this time too?


2018 Results in comparison to 2017 Results

Revenue ksh.114.2bn compared to ksh.80.8bn
Fleet costs ksh.18.9bn compared to ksh.12.4 billion
Overheads ksh.20.9bn compared to ksh.15.8bn
Direct operating costs ksh.75bn compared to ksh.51.8bn
Operating profit ksh.683mn compared to ksh.1 bn
Net Loss After Tax ksh.7.5bn compared to ksh.6.4bn

KQ needs to tame it's costs

Shareholders will be left with a husk if this continues.
Already is!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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