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Kenya Airways...why ignore..
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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xxxxx 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  Its only when the tide goes out that we get to know who's been swimming naked. @Obiero. So @Obiero has sunk Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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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 2017 was only 9months.The comparison will not be perfect. Towards the goal of financial freedom
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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maka wrote:VituVingiSana wrote:Who here was surprised at such a huge loss? Maybe @Obiero...No surprise. My prayers are with brother @Obiero. Meanwhile, i am busy writing a letter to the toothless CMA asking that they find mkora Carl Esprey together with the crooks at burbidge capital so that they can share with me and other wanjikus the carcass(sp) that has been left of ADSS Dumb money becomes dumb only when it listens to smart money
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Rank: New-farer Joined: 5/24/2017 Posts: 44
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Bilioni walitumia kulaunch New York iko factored wapi?
Anyway, lets see what proposal MPs adopt wrt the future of KQ
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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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... Not bad as such considering JFK was a huge investment. Is it true the B777 won’t be returned till 2025/26?
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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nairobby wrote: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. Where did you get this info from? KQ will continue footing the difference between the sublease and the lease costs?
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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Zichi wrote:Bilioni walitumia kulaunch New York iko factored wapi?
Anyway, lets see what proposal MPs adopt wrt the future of KQ Captured in the overall performance. The results are not such bad to me considering a number of routes were started in 2018 including JFK.
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Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya
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ArrestedDev wrote:nairobby wrote: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. Where did you get this info from? KQ will continue footing the difference between the sublease and the lease costs? Here: https://twitter.com/Keny...123124787260403717?s=20
It is cheaper for them to lose money on the sub lease than it would be for them to operate the aircraft. It is just too big for KQ operations. Naikuni 
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Rank: New-farer Joined: 5/24/2017 Posts: 44
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ArrestedDev wrote:Zichi wrote:Bilioni walitumia kulaunch New York iko factored wapi?
Anyway, lets see what proposal MPs adopt wrt the future of KQ Captured in the overall performance. The results are not such bad to me considering a number of routes were started in 2018 including JFK. Ooh... Was expecting at least a few hundred million operating profit
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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maka wrote: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 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 Don't worry Musila is taking the heat because of that I dont see him surviving for long... What else? Told you... He has been let go... Also Catherine Kamau who took over Chris Diaz's Head of Marketing job.... If am not wrong she has been in that position for exactly one year.... possunt quia posse videntur
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