Wazua
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Kenya Airways...why ignore..
Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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majimaji wrote:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:Spikes wrote:ArrestedDev wrote:majimaji wrote:
How is it that an insolvent company KQ is still listed and trading?
The authorities are sleeping on the job. I agree it is insolvent. Do you expect Kenyan securities exchange authorities to delist KQ? Which image will it send locally and internationally? Mtangoja sana KQ iwe scrapped off the NSE trading. It will never happen in Kenyan soil. Though the price will keep moving down to 50CTS. Stock trading suspension can be done.It is not de-listing. The problem is that KQ stock is cross-listed on the USE, RSE and Dar es Salaam Stock Exchange. Authorities there can suspend trading and it will trigger action by NSE. If the loss next year will still be huge then anything can happen. Hakuna stori ya kusema eti mtangoja. Probably if Raila was president that would work, but not under this regime.. GoK is KQ and KQ is GoK. Our neighbors would dare not suspend it, they are alert to the political ramification. Plus as I have said here severally, airlines across the world run frequently on negative equity but that does not intrinsically imply that the carriers are insolvent. Personally I would rather walk to Rwanda than have to fly Rwandair in the abscense of KQ Do not be too optimistic. Anything can happen. There is nothing like political ramifications. Just hold your horses. They are closely watching KQ already. If we are discussing here to such a great extent then what about them. In Dec. 15, the below article was published in Tanzania. Quote:Orbit Securities Limited General Manager, Mr Simon Juventus said in Dar es Salaam yesterday that the two companies’ adverse balance sheets are bad news that will hurt their share trading at the equity markets. http://www.dailynews.co....ncial-challenges-deepen
If the Govt of Kenya loves KQ so much, let them buy it (nationalise) and make it a parastatal in the Ministry of Culture and Social Services. No amount of taxpayer money pumped in will revive KQ to operate and make money for its shareholders like a private business. The way KQ is operating now is like the way a family has a pet: seeing it gives pleasure but you can't milk a cat. Let @obiero gives us his take. It is an inefficient Company run by a bunch of incompetent individuals and cartels. I know and that's why I am telling him not to behave as if it is untouchable even across the borders. DSE, RSE and even RSE can trigger action if they suspend the stock trading.
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Rank: Chief Joined: 1/3/2007 Posts: 18,190 Location: Nairobi
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ArrestedDev wrote:obiero wrote:VituVingiSana wrote:obiero wrote:[quote=VituVingiSana]We used to love KQ... We rallied around KQ after the Abuja & Cameroon crashes. Would we do the same today? Interesting article. http://www.businessdaily...9232-ru7uu7z/index.html[/quote] KQ is the company being referred to in that article.. A bullet proof brand loved by many despite robust media attempts to kill it Yes, the media is to blame. They report flight delays, potential strikes by pilots, losses in the 25bn+ range. It is a vendetta the media has against loss-making entities that are funded by the taxpayer. The media should be muzzled. It should only report on the excellent service that is not provided. The flights that fly on time. The revenues and not the expenses. The reduction in fuel costs but not the losses on hedges. Then the CEOs, CFOs and COOs of KQ should be given presidential medals of honor for running the airline into the ground. We should be proud of mediocre performance as Kenyans and the media should celebrate that! Indeed that would be a good start. The media should refer more to the positives That's an irony. These cartels should be exposed. Is it the media that ask the cartels to run down the govt controlled entities? They line their pockets,invest in real estate to the detriment of critical sectors of the economy and yet you still advocate for total ban on media coverage? I was being sarcastic. As someone described it... It's a piece of shit. *Everyone but the shareholders make money off KQ* *In the meantime, KK has announced a 1.73bn PBT for 6 months. KQ will probably lose 3x that in 6 months* Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,711 Location: nairobi
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VituVingiSana wrote:ArrestedDev wrote:obiero wrote:VituVingiSana wrote:obiero wrote:[quote=VituVingiSana]We used to love KQ... We rallied around KQ after the Abuja & Cameroon crashes. Would we do the same today? Interesting article. http://www.businessdaily...9232-ru7uu7z/index.html[/quote] KQ is the company being referred to in that article.. A bullet proof brand loved by many despite robust media attempts to kill it Yes, the media is to blame. They report flight delays, potential strikes by pilots, losses in the 25bn+ range. It is a vendetta the media has against loss-making entities that are funded by the taxpayer. The media should be muzzled. It should only report on the excellent service that is not provided. The flights that fly on time. The revenues and not the expenses. The reduction in fuel costs but not the losses on hedges. Then the CEOs, CFOs and COOs of KQ should be given presidential medals of honor for running the airline into the ground. We should be proud of mediocre performance as Kenyans and the media should celebrate that! Indeed that would be a good start. The media should refer more to the positives That's an irony. These cartels should be exposed. Is it the media that ask the cartels to run down the govt controlled entities? They line their pockets,invest in real estate to the detriment of critical sectors of the economy and yet you still advocate for total ban on media coverage? I was being sarcastic. As someone described it... It's a piece of shit. *Everyone but the shareholders make money off KQ* *In the meantime, KK has announced a 1.73bn PBT for 6 months. KQ will probably lose 3x that in 6 months* loss in business happens. its not a death sentence, but a call to action and I can see plenty of action by the KQ management. time will proove their depth of competence
COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
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Rank: Veteran Joined: 4/4/2007 Posts: 1,162
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obiero wrote:VituVingiSana wrote:ArrestedDev wrote:obiero wrote:VituVingiSana wrote:obiero wrote:[quote=VituVingiSana]We used to love KQ... We rallied around KQ after the Abuja & Cameroon crashes. Would we do the same today? Interesting article. http://www.businessdaily...9232-ru7uu7z/index.html[/quote] KQ is the company being referred to in that article.. A bullet proof brand loved by many despite robust media attempts to kill it Yes, the media is to blame. They report flight delays, potential strikes by pilots, losses in the 25bn+ range. It is a vendetta the media has against loss-making entities that are funded by the taxpayer. The media should be muzzled. It should only report on the excellent service that is not provided. The flights that fly on time. The revenues and not the expenses. The reduction in fuel costs but not the losses on hedges. Then the CEOs, CFOs and COOs of KQ should be given presidential medals of honor for running the airline into the ground. We should be proud of mediocre performance as Kenyans and the media should celebrate that! Indeed that would be a good start. The media should refer more to the positives That's an irony. These cartels should be exposed. Is it the media that ask the cartels to run down the govt controlled entities? They line their pockets,invest in real estate to the detriment of critical sectors of the economy and yet you still advocate for total ban on media coverage? I was being sarcastic. As someone described it... It's a piece of shit. *Everyone but the shareholders make money off KQ* *In the meantime, KK has announced a 1.73bn PBT for 6 months. KQ will probably lose 3x that in 6 months* loss in business happens. its not a death sentence, but a call to action and I can see plenty of action by the KQ management. time will proove their depth of competence Wazua has many jokes. KQ is losing 70 million shillings a day or 3 million shillings an hour going by their last results. Tafakari hayo.  Let me add this link for bed time reading:https://en.wikipedia.org/wiki/Pan_American_World_Airways#Bankruptcy
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Rank: Elder Joined: 6/23/2009 Posts: 13,711 Location: nairobi
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majimaji wrote:obiero wrote:VituVingiSana wrote:ArrestedDev wrote:obiero wrote:VituVingiSana wrote:obiero wrote:[quote=VituVingiSana]We used to love KQ... We rallied around KQ after the Abuja & Cameroon crashes. Would we do the same today? Interesting article. http://www.businessdaily...9232-ru7uu7z/index.html[/quote] KQ is the company being referred to in that article.. A bullet proof brand loved by many despite robust media attempts to kill it Yes, the media is to blame. They report flight delays, potential strikes by pilots, losses in the 25bn+ range. It is a vendetta the media has against loss-making entities that are funded by the taxpayer. The media should be muzzled. It should only report on the excellent service that is not provided. The flights that fly on time. The revenues and not the expenses. The reduction in fuel costs but not the losses on hedges. Then the CEOs, CFOs and COOs of KQ should be given presidential medals of honor for running the airline into the ground. We should be proud of mediocre performance as Kenyans and the media should celebrate that! Indeed that would be a good start. The media should refer more to the positives That's an irony. These cartels should be exposed. Is it the media that ask the cartels to run down the govt controlled entities? They line their pockets,invest in real estate to the detriment of critical sectors of the economy and yet you still advocate for total ban on media coverage? I was being sarcastic. As someone described it... It's a piece of shit. *Everyone but the shareholders make money off KQ* *In the meantime, KK has announced a 1.73bn PBT for 6 months. KQ will probably lose 3x that in 6 months* loss in business happens. its not a death sentence, but a call to action and I can see plenty of action by the KQ management. time will proove their depth of competence Wazua has many jokes. KQ is losing 70 million shillings a day or 3 million shillings an hour going by their last results. Tafakari hayo. Let me add this link for bed time reading:https://en.wikipedia.org/wiki/Pan_American_World_Airways#Bankruptcy 8-4-4=0.. Past tense kaka/dada. KQ used to loose.. The airline is now saving KES 1,100,000,000 per month http://www.businessdaily...107088-du5c00/index.html
COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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obiero wrote:majimaji wrote:obiero wrote:VituVingiSana wrote:ArrestedDev wrote:obiero wrote:VituVingiSana wrote:[quote=obiero][quote=VituVingiSana]We used to love KQ... We rallied around KQ after the Abuja & Cameroon crashes. Would we do the same today? Interesting article. http://www.businessdaily...9232-ru7uu7z/index.html[/quote] KQ is the company being referred to in that article.. A bullet proof brand loved by many despite robust media attempts to kill it Yes, the media is to blame. They report flight delays, potential strikes by pilots, losses in the 25bn+ range. It is a vendetta the media has against loss-making entities that are funded by the taxpayer. The media should be muzzled. It should only report on the excellent service that is not provided. The flights that fly on time. The revenues and not the expenses. The reduction in fuel costs but not the losses on hedges. Then the CEOs, CFOs and COOs of KQ should be given presidential medals of honor for running the airline into the ground. We should be proud of mediocre performance as Kenyans and the media should celebrate that! Indeed that would be a good start. The media should refer more to the positives That's an irony. These cartels should be exposed. Is it the media that ask the cartels to run down the govt controlled entities? They line their pockets,invest in real estate to the detriment of critical sectors of the economy and yet you still advocate for total ban on media coverage? I was being sarcastic. As someone described it... It's a piece of shit. *Everyone but the shareholders make money off KQ* *In the meantime, KK has announced a 1.73bn PBT for 6 months. KQ will probably lose 3x that in 6 months* loss in business happens. its not a death sentence, but a call to action and I can see plenty of action by the KQ management. time will proove their depth of competence Wazua has many jokes. KQ is losing 70 million shillings a day or 3 million shillings an hour going by their last results. Tafakari hayo. Let me add this link for bed time reading:https://en.wikipedia.org/wiki/Pan_American_World_Airways#Bankruptcy 8-4-4=0.. Past tense kaka/dada. KQ used to loose.. The airline is now saving KES 1,100,000,000 per month http://www.businessdaily...07088-du5c00/index.html[/quote] No space for cargo and many other limitations comes with operating lower capacity planes as alluded to by the acting FD during the release of the results. A PR video on Cargo joint venture just released to try and mitigate the harsh reality of reduced capacity.
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Rank: Elder Joined: 6/23/2009 Posts: 13,711 Location: nairobi
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ArrestedDev wrote:obiero wrote:majimaji wrote:obiero wrote:VituVingiSana wrote:ArrestedDev wrote:obiero wrote:VituVingiSana wrote:[quote=obiero][quote=VituVingiSana]We used to love KQ... We rallied around KQ after the Abuja & Cameroon crashes. Would we do the same today? Interesting article. http://www.businessdaily...9232-ru7uu7z/index.html[/quote] KQ is the company being referred to in that article.. A bullet proof brand loved by many despite robust media attempts to kill it Yes, the media is to blame. They report flight delays, potential strikes by pilots, losses in the 25bn+ range. It is a vendetta the media has against loss-making entities that are funded by the taxpayer. The media should be muzzled. It should only report on the excellent service that is not provided. The flights that fly on time. The revenues and not the expenses. The reduction in fuel costs but not the losses on hedges. Then the CEOs, CFOs and COOs of KQ should be given presidential medals of honor for running the airline into the ground. We should be proud of mediocre performance as Kenyans and the media should celebrate that! Indeed that would be a good start. The media should refer more to the positives That's an irony. These cartels should be exposed. Is it the media that ask the cartels to run down the govt controlled entities? They line their pockets,invest in real estate to the detriment of critical sectors of the economy and yet you still advocate for total ban on media coverage? I was being sarcastic. As someone described it... It's a piece of shit. *Everyone but the shareholders make money off KQ* *In the meantime, KK has announced a 1.73bn PBT for 6 months. KQ will probably lose 3x that in 6 months* loss in business happens. its not a death sentence, but a call to action and I can see plenty of action by the KQ management. time will proove their depth of competence Wazua has many jokes. KQ is losing 70 million shillings a day or 3 million shillings an hour going by their last results. Tafakari hayo. Let me add this link for bed time reading:https://en.wikipedia.org/wiki/Pan_American_World_Airways#Bankruptcy 8-4-4=0.. Past tense kaka/dada. KQ used to loose.. The airline is now saving KES 1,100,000,000 per month http://www.businessdaily...07088-du5c00/index.html[/quote] No space for cargo and many other limitations comes with operating lower capacity planes as alluded to by the acting FD during the release of the results. A PR video on Cargo joint venture just released to try and mitigate the harsh reality of reduced capacity. Yet some more good news http://www.businessdaily...331516-vxl8ol/index.html
COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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obiero wrote:ArrestedDev wrote:obiero wrote:majimaji wrote:obiero wrote:VituVingiSana wrote:ArrestedDev wrote:obiero wrote:VituVingiSana wrote:[quote=obiero][quote=VituVingiSana]We used to love KQ... We rallied around KQ after the Abuja & Cameroon crashes. Would we do the same today? Interesting article. http://www.businessdaily...9232-ru7uu7z/index.html[/quote] KQ is the company being referred to in that article.. A bullet proof brand loved by many despite robust media attempts to kill it Yes, the media is to blame. They report flight delays, potential strikes by pilots, losses in the 25bn+ range. It is a vendetta the media has against loss-making entities that are funded by the taxpayer. The media should be muzzled. It should only report on the excellent service that is not provided. The flights that fly on time. The revenues and not the expenses. The reduction in fuel costs but not the losses on hedges. Then the CEOs, CFOs and COOs of KQ should be given presidential medals of honor for running the airline into the ground. We should be proud of mediocre performance as Kenyans and the media should celebrate that! Indeed that would be a good start. The media should refer more to the positives That's an irony. These cartels should be exposed. Is it the media that ask the cartels to run down the govt controlled entities? They line their pockets,invest in real estate to the detriment of critical sectors of the economy and yet you still advocate for total ban on media coverage? I was being sarcastic. As someone described it... It's a piece of shit. *Everyone but the shareholders make money off KQ* *In the meantime, KK has announced a 1.73bn PBT for 6 months. KQ will probably lose 3x that in 6 months* loss in business happens. its not a death sentence, but a call to action and I can see plenty of action by the KQ management. time will proove their depth of competence Wazua has many jokes. KQ is losing 70 million shillings a day or 3 million shillings an hour going by their last results. Tafakari hayo. Let me add this link for bed time reading:https://en.wikipedia.org/wiki/Pan_American_World_Airways#Bankruptcy 8-4-4=0.. Past tense kaka/dada. KQ used to loose.. The airline is now saving KES 1,100,000,000 per month http://www.businessdaily...07088-du5c00/index.html[/quote] No space for cargo and many other limitations comes with operating lower capacity planes as alluded to by the acting FD during the release of the results. A PR video on Cargo joint venture just released to try and mitigate the harsh reality of reduced capacity. Yet some more good news http://www.businessdaily...31516-vxl8ol/index.html
This price lock thing is nonsensical(spl)...since nothing have changed except that now they have increased the fare by KES. 500 chini ya maji and @wanjiku cant see this since she is not a frequent flier. Ask yourself how it was done earlier, before this "price lock" thing came in? Previously you could just walk in to any customer care center or log in the site, see a good fare for you and a good date you wanna travel, book it and pay there and then and have the price "LOCKED" for you till the day of your travel. What they have done now is that you log in to your cheap China smartphone, see a favorable fare, lock it with KES. 500 non-refundable, then go home and ask friends and sponsors (if you a lady) to give you money to go pay for the ticket...within 24 hours. Hogwash idea! @wanjiku is shafted from the top, and if she lies upside down, she is even shafted more from behind. Someone who was not ready to fly will not get the airline fare within 24 hours to book just because she has seen a good fare! Someone who wanted to fly and have decided to do so will pay full fare hapo hapo, hakuna story ya kutafuta fare within 24hrs! Good fare my foot, how can Kes.500 more make it a good fare now?  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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Impunity wrote:obiero wrote:ArrestedDev wrote:obiero wrote:majimaji wrote:obiero wrote:VituVingiSana wrote:ArrestedDev wrote:obiero wrote:VituVingiSana wrote:[quote=obiero][quote=VituVingiSana]We used to love KQ... We rallied around KQ after the Abuja & Cameroon crashes. Would we do the same today? Interesting article. http://www.businessdaily...9232-ru7uu7z/index.html[/quote] KQ is the company being referred to in that article.. A bullet proof brand loved by many despite robust media attempts to kill it Yes, the media is to blame. They report flight delays, potential strikes by pilots, losses in the 25bn+ range. It is a vendetta the media has against loss-making entities that are funded by the taxpayer. The media should be muzzled. It should only report on the excellent service that is not provided. The flights that fly on time. The revenues and not the expenses. The reduction in fuel costs but not the losses on hedges. Then the CEOs, CFOs and COOs of KQ should be given presidential medals of honor for running the airline into the ground. We should be proud of mediocre performance as Kenyans and the media should celebrate that! Indeed that would be a good start. The media should refer more to the positives That's an irony. These cartels should be exposed. Is it the media that ask the cartels to run down the govt controlled entities? They line their pockets,invest in real estate to the detriment of critical sectors of the economy and yet you still advocate for total ban on media coverage? I was being sarcastic. As someone described it... It's a piece of shit. *Everyone but the shareholders make money off KQ* *In the meantime, KK has announced a 1.73bn PBT for 6 months. KQ will probably lose 3x that in 6 months* loss in business happens. its not a death sentence, but a call to action and I can see plenty of action by the KQ management. time will proove their depth of competence Wazua has many jokes. KQ is losing 70 million shillings a day or 3 million shillings an hour going by their last results. Tafakari hayo. Let me add this link for bed time reading:https://en.wikipedia.org/wiki/Pan_American_World_Airways#Bankruptcy 8-4-4=0.. Past tense kaka/dada. KQ used to loose.. The airline is now saving KES 1,100,000,000 per month http://www.businessdaily...07088-du5c00/index.html[/quote] No space for cargo and many other limitations comes with operating lower capacity planes as alluded to by the acting FD during the release of the results. A PR video on Cargo joint venture just released to try and mitigate the harsh reality of reduced capacity. Yet some more good news http://www.businessdaily...31516-vxl8ol/index.html
This price lock thing is nonsensical(spl)...since nothing have changed except that now they have increased the fare by KES. 500 chini ya maji and @wanjiku cant see this since she is not a frequent flier. Ask yourself how it was done earlier, before this "price lock" thing came in? Previously you could just walk in to any customer care center or log in the site, see a good fare for you and a good date you wanna travel, book it and pay there and then and have the price "LOCKED" for you till the day of your travel. What they have done now is that you log in to your cheap China smartphone, see a favorable fare, lock it with KES. 500 non-refundable, then go home and ask friends and sponsors (if you a lady) to give you money to go pay for the ticket...within 24 hours. Hogwash idea! @wanjiku is shafted from the top, and if she lies upside down, she is even shafted more from behind. Someone who was not ready to fly will not get the airline fare within 24 hours to book just because she has seen a good fare! Someone who wanted to fly and have decided to do so will pay full fare hapo hapo, hakuna story ya kutafuta fare within 24hrs! Good fare my foot, how can Kes.500 more make it a good fare now? Yeah, it's just not making sense especially for the calipher of travelers that Jambojet is targeting. 24hrs is just too short. I can't see the feature being utilised.
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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ArrestedDev wrote:Impunity wrote:obiero wrote:ArrestedDev wrote:obiero wrote:majimaji wrote:obiero wrote:VituVingiSana wrote:ArrestedDev wrote:obiero wrote:VituVingiSana wrote:[quote=obiero][quote=VituVingiSana]We used to love KQ... We rallied around KQ after the Abuja & Cameroon crashes. Would we do the same today? Interesting article. http://www.businessdaily...9232-ru7uu7z/index.html[/quote] KQ is the company being referred to in that article.. A bullet proof brand loved by many despite robust media attempts to kill it Yes, the media is to blame. They report flight delays, potential strikes by pilots, losses in the 25bn+ range. It is a vendetta the media has against loss-making entities that are funded by the taxpayer. The media should be muzzled. It should only report on the excellent service that is not provided. The flights that fly on time. The revenues and not the expenses. The reduction in fuel costs but not the losses on hedges. Then the CEOs, CFOs and COOs of KQ should be given presidential medals of honor for running the airline into the ground. We should be proud of mediocre performance as Kenyans and the media should celebrate that! Indeed that would be a good start. The media should refer more to the positives That's an irony. These cartels should be exposed. Is it the media that ask the cartels to run down the govt controlled entities? They line their pockets,invest in real estate to the detriment of critical sectors of the economy and yet you still advocate for total ban on media coverage? I was being sarcastic. As someone described it... It's a piece of shit. *Everyone but the shareholders make money off KQ* *In the meantime, KK has announced a 1.73bn PBT for 6 months. KQ will probably lose 3x that in 6 months* loss in business happens. its not a death sentence, but a call to action and I can see plenty of action by the KQ management. time will proove their depth of competence Wazua has many jokes. KQ is losing 70 million shillings a day or 3 million shillings an hour going by their last results. Tafakari hayo. Let me add this link for bed time reading:https://en.wikipedia.org/wiki/Pan_American_World_Airways#Bankruptcy 8-4-4=0.. Past tense kaka/dada. KQ used to loose.. The airline is now saving KES 1,100,000,000 per month http://www.businessdaily...07088-du5c00/index.html[/quote] No space for cargo and many other limitations comes with operating lower capacity planes as alluded to by the acting FD during the release of the results. A PR video on Cargo joint venture just released to try and mitigate the harsh reality of reduced capacity. Yet some more good news http://www.businessdaily...31516-vxl8ol/index.html
This price lock thing is nonsensical(spl)...since nothing have changed except that now they have increased the fare by KES. 500 chini ya maji and @wanjiku cant see this since she is not a frequent flier. Ask yourself how it was done earlier, before this "price lock" thing came in? Previously you could just walk in to any customer care center or log in the site, see a good fare for you and a good date you wanna travel, book it and pay there and then and have the price "LOCKED" for you till the day of your travel. What they have done now is that you log in to your cheap China smartphone, see a favorable fare, lock it with KES. 500 non-refundable, then go home and ask friends and sponsors (if you a lady) to give you money to go pay for the ticket...within 24 hours. Hogwash idea! @wanjiku is shafted from the top, and if she lies upside down, she is even shafted more from behind. Someone who was not ready to fly will not get the airline fare within 24 hours to book just because she has seen a good fare! Someone who wanted to fly and have decided to do so will pay full fare hapo hapo, hakuna story ya kutafuta fare within 24hrs! Good fare my foot, how can Kes.500 more make it a good fare now? Yeah, it's just not making sense especially for the calipher of travelers that Jambojet is targeting. 24hrs is just too short. I can't see the feature being utilised. This is a dead idea. If you cant get Kes. 2,500 to pay for the fare, I cant see where you gonna get it in the next 24hrs, now that 90% of Jambo jet target market are used to paying Kes. 600 from Nairobi to Mombasa aboard the Chania Express. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 6/23/2009 Posts: 13,711 Location: nairobi
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ArrestedDev wrote:Impunity wrote:obiero wrote:ArrestedDev wrote:obiero wrote:majimaji wrote:obiero wrote:VituVingiSana wrote:ArrestedDev wrote:obiero wrote:VituVingiSana wrote:[quote=obiero][quote=VituVingiSana]We used to love KQ... We rallied around KQ after the Abuja & Cameroon crashes. Would we do the same today? Interesting article. http://www.businessdaily...9232-ru7uu7z/index.html[/quote] KQ is the company being referred to in that article.. A bullet proof brand loved by many despite robust media attempts to kill it Yes, the media is to blame. They report flight delays, potential strikes by pilots, losses in the 25bn+ range. It is a vendetta the media has against loss-making entities that are funded by the taxpayer. The media should be muzzled. It should only report on the excellent service that is not provided. The flights that fly on time. The revenues and not the expenses. The reduction in fuel costs but not the losses on hedges. Then the CEOs, CFOs and COOs of KQ should be given presidential medals of honor for running the airline into the ground. We should be proud of mediocre performance as Kenyans and the media should celebrate that! Indeed that would be a good start. The media should refer more to the positives That's an irony. These cartels should be exposed. Is it the media that ask the cartels to run down the govt controlled entities? They line their pockets,invest in real estate to the detriment of critical sectors of the economy and yet you still advocate for total ban on media coverage? I was being sarcastic. As someone described it... It's a piece of shit. *Everyone but the shareholders make money off KQ* *In the meantime, KK has announced a 1.73bn PBT for 6 months. KQ will probably lose 3x that in 6 months* loss in business happens. its not a death sentence, but a call to action and I can see plenty of action by the KQ management. time will proove their depth of competence Wazua has many jokes. KQ is losing 70 million shillings a day or 3 million shillings an hour going by their last results. Tafakari hayo. Let me add this link for bed time reading:https://en.wikipedia.org/wiki/Pan_American_World_Airways#Bankruptcy 8-4-4=0.. Past tense kaka/dada. KQ used to loose.. The airline is now saving KES 1,100,000,000 per month http://www.businessdaily...07088-du5c00/index.html[/quote] No space for cargo and many other limitations comes with operating lower capacity planes as alluded to by the acting FD during the release of the results. A PR video on Cargo joint venture just released to try and mitigate the harsh reality of reduced capacity. Yet some more good news http://www.businessdaily...31516-vxl8ol/index.html
This price lock thing is nonsensical(spl)...since nothing have changed except that now they have increased the fare by KES. 500 chini ya maji and @wanjiku cant see this since she is not a frequent flier. Ask yourself how it was done earlier, before this "price lock" thing came in? Previously you could just walk in to any customer care center or log in the site, see a good fare for you and a good date you wanna travel, book it and pay there and then and have the price "LOCKED" for you till the day of your travel. What they have done now is that you log in to your cheap China smartphone, see a favorable fare, lock it with KES. 500 non-refundable, then go home and ask friends and sponsors (if you a lady) to give you money to go pay for the ticket...within 24 hours. Hogwash idea! @wanjiku is shafted from the top, and if she lies upside down, she is even shafted more from behind. Someone who was not ready to fly will not get the airline fare within 24 hours to book just because she has seen a good fare! Someone who wanted to fly and have decided to do so will pay full fare hapo hapo, hakuna story ya kutafuta fare within 24hrs! Good fare my foot, how can Kes.500 more make it a good fare now? Yeah, it's just not making sense especially for the calipher of travelers that Jambojet is targeting. 24hrs is just too short. I can't see the feature being utilised. Usikufe ganzi na hii kampuni.. Creative measures are required and I am glad its working out. The argument by @insanity and @arresteddev doesnt hold water. People are not going to need 24hrs to 'look' for fare. They need it to hold on to prevailing prices.. Some people may use this feature. Not many, but it will be used and the bulk of them will simply loose the KES 500 while the plane will be full. Kenyans are peculiar
COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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obiero wrote:ArrestedDev wrote:Impunity wrote:obiero wrote:ArrestedDev wrote:obiero wrote:majimaji wrote:obiero wrote:VituVingiSana wrote:ArrestedDev wrote:obiero wrote:VituVingiSana wrote:[quote=obiero][quote=VituVingiSana]We used to love KQ... We rallied around KQ after the Abuja & Cameroon crashes. Would we do the same today? Interesting article. http://www.businessdaily...9232-ru7uu7z/index.html[/quote] KQ is the company being referred to in that article.. A bullet proof brand loved by many despite robust media attempts to kill it Yes, the media is to blame. They report flight delays, potential strikes by pilots, losses in the 25bn+ range. It is a vendetta the media has against loss-making entities that are funded by the taxpayer. The media should be muzzled. It should only report on the excellent service that is not provided. The flights that fly on time. The revenues and not the expenses. The reduction in fuel costs but not the losses on hedges. Then the CEOs, CFOs and COOs of KQ should be given presidential medals of honor for running the airline into the ground. We should be proud of mediocre performance as Kenyans and the media should celebrate that! Indeed that would be a good start. The media should refer more to the positives That's an irony. These cartels should be exposed. Is it the media that ask the cartels to run down the govt controlled entities? They line their pockets,invest in real estate to the detriment of critical sectors of the economy and yet you still advocate for total ban on media coverage? I was being sarcastic. As someone described it... It's a piece of shit. *Everyone but the shareholders make money off KQ* *In the meantime, KK has announced a 1.73bn PBT for 6 months. KQ will probably lose 3x that in 6 months* loss in business happens. its not a death sentence, but a call to action and I can see plenty of action by the KQ management. time will proove their depth of competence Wazua has many jokes. KQ is losing 70 million shillings a day or 3 million shillings an hour going by their last results. Tafakari hayo. Let me add this link for bed time reading:https://en.wikipedia.org/wiki/Pan_American_World_Airways#Bankruptcy 8-4-4=0.. Past tense kaka/dada. KQ used to loose.. The airline is now saving KES 1,100,000,000 per month http://www.businessdaily...07088-du5c00/index.html[/quote] No space for cargo and many other limitations comes with operating lower capacity planes as alluded to by the acting FD during the release of the results. A PR video on Cargo joint venture just released to try and mitigate the harsh reality of reduced capacity. Yet some more good news http://www.businessdaily...31516-vxl8ol/index.html
This price lock thing is nonsensical(spl)...since nothing have changed except that now they have increased the fare by KES. 500 chini ya maji and @wanjiku cant see this since she is not a frequent flier. Ask yourself how it was done earlier, before this "price lock" thing came in? Previously you could just walk in to any customer care center or log in the site, see a good fare for you and a good date you wanna travel, book it and pay there and then and have the price "LOCKED" for you till the day of your travel. What they have done now is that you log in to your cheap China smartphone, see a favorable fare, lock it with KES. 500 non-refundable, then go home and ask friends and sponsors (if you a lady) to give you money to go pay for the ticket...within 24 hours. Hogwash idea! @wanjiku is shafted from the top, and if she lies upside down, she is even shafted more from behind. Someone who was not ready to fly will not get the airline fare within 24 hours to book just because she has seen a good fare! Someone who wanted to fly and have decided to do so will pay full fare hapo hapo, hakuna story ya kutafuta fare within 24hrs! Good fare my foot, how can Kes.500 more make it a good fare now? Yeah, it's just not making sense especially for the calipher of travelers that Jambojet is targeting. 24hrs is just too short. I can't see the feature being utilised. Usikufe ganzi na hii kampuni.. Creative measures are required and I am glad its working out. The argument by @insanity and @arresteddev doesnt hold water. People are not going to need 24hrs to 'look' for fare. They need it to hold on to prevailing prices.. Some people may use this feature. Not many, but it will be used and the bulk of them will simply loose the KES 500 while the plane will be full. Kenyans are peculiar So this is a saddening scheme to milk Kes.500 from the poor first timers? I am glad you dont know how negatively they will go on the rampage selling KQ after losing their 500 sox! But again someone already said that ignorance is a bliss!!!! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 6/23/2009 Posts: 13,711 Location: nairobi
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I am keenly following the emerging developments on this stock and while the share has taken a serious beating, everything else is rosy; as rosy as can possibly be.. Honestly speaking I sense the apathy on KALPA's side and I have even tried to intervene in the hurried removal of my bossom friend Ngunze, but it would appear Commander in Chief really believes in the Harvard alumni..
COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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obiero wrote:I am keenly following the emerging developments on this stock and while the share has taken a serious beating, everything else is rosy; as rosy as can possibly be.. Honestly speaking I sense the apathy on KALPA's side and I have even tried to intervene in the hurried removal of my bossom friend Ngunze, but it would appear Commander in Chief really believes in the Harvard alumni.. Harvard alumni??? He did a short course which was targeting middle level executives, the course was scrapped long ago.The same fate that met Alex Mbugua will be the same one that Ngunze will meet. The company is loosing money as we discuss here right now through hedges that Ngunze, Alex and Naikuni entered into. Ngunze was the brain child of crew outsourcing, an exercise that led to decline in the product service levels and hence loss of customers to competition. As highlighted by KALPA, Ngunze wants to outsource aircraft maintenance, surely, this character is hell bent on finishing this airline. It is evident he does not know what an airline is all about. Listen to the below cabin crew gaffe. This kind of blunders was not heard of till the outsourcing.
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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Expect a loss next year as big as the recently announced one. Quote:Kenya Airways recorded a flat growth in passenger numbers in the period ended June, with the national carrier making changes to several routes amid sale of planes to boost its cash position. http://www.nation.co.ke/...333070-v32wtf/index.html
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Rank: Elder Joined: 6/23/2009 Posts: 13,711 Location: nairobi
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ArrestedDev wrote:obiero wrote:I am keenly following the emerging developments on this stock and while the share has taken a serious beating, everything else is rosy; as rosy as can possibly be.. Honestly speaking I sense the apathy on KALPA's side and I have even tried to intervene in the hurried removal of my bossom friend Ngunze, but it would appear Commander in Chief really believes in the Harvard alumni.. Harvard alumni??? He did a short course which was targeting middle level executives, the course was scrapped long ago.The same fate that met Alex Mbugua will be the same one that Ngunze will meet. The company is loosing money as we discuss here right now through hedges that Ngunze, Alex and Naikuni entered into. Ngunze was the brain child of crew outsourcing, an exercise that led to decline in the product service levels and hence loss of customers to competition. As highlighted by KALPA, Ngunze wants to outsource aircraft maintenance, surely, this character is hell bent on finishing this airline. It is evident he does not know what an airline is all about. Listen to the below cabin crew gaffe. This kind of blunders was not heard of till the outsourcing. Videoshope..
COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 6/23/2009 Posts: 13,711 Location: nairobi
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ArrestedDev wrote:obiero wrote:ArrestedDev wrote:obiero wrote:News just in to those who expect Amb Dennis Awori or Mbuvi Ngunze to exit without a just cause.. http://www.nation.co.ke/...19552-xebsmf/index.html
Signs of life are evident to me.. Gross profit up 42% +KES10.549B YoY and operating loss position up 76% +KES 12.240B YoY . KQ despite turbulent times remains a bold and treasured brand, voted as African Airline of The Year, Leading Business Class in Africa 2015, delivering 160 landing/takeoffs with uplift of over 10,000 passengers daily covering 54 global destinations. Operation Pride now at 25% of implementation, has achieved 113 improvement activities effected out of a total of 447 specific initiatives. Overall impact being 32% increase on recurrent annual income. The airline paid down KES 34.7B of its term debts in 2015-2016. Short term debt down to KES 14B from 26.4B in previous FY. The firm also managed to retain cash at hand; up 42% to KES 4.287B, implying resolution on immediate cash constraint issue. 10+ reasons to believe in operation pride atKQ: 1. End of hedging policy 2. Cut off on HOTAC and other operational expenses 3. Rightsizing of the workforce 4. Fuel efficient planes 5. Route optimization 6. Category 1 status at main hub 7. GoK guaranteed debt at reduced pay out 8. Sale of non critical assets 9. Global reduction in fuel costs 10. Revival in KE tourism 11. Budget carrier for booming middle-class 12. Cleaned-up board and management 13. Debt tenor restructure by main bankers 14. Financial revamp by transaction advisers @spikes may call this an obsession on KQ, but I smell clean cash money of high value in the near horizon. High risk high return.. Let him buy time as he wait for the pilots to strike. It is evident the management is to blame for the mess. How can in-flight meals be made lean yet you still expect to maintain value. Some of these things does not add up and it will end up destroying the product. The Middle East carriers have managed to attract customers through a a quality in-flight product. Quote:KQ currently sources its meals from several suppliers including Nas Servair and LSG Sky Chefs, a model it says has not been benefitial to them with volume discounts. Quote:Furthermore, the airline says there is a “wide selection of beverage and meal components that do not consider service time, flight duration and guest value” leading to wastage.
Going forward, the airline will review its meal offering across the network, consolidate global suppliers, create a negotiating strategy and match meals to the time of day.
More importantly to the 11,500 passengers who use KQ every day is that the airline plans to develop a “lean inflight (meal) product while maintaining value and stock beverages informed by consumption analysis.”
Ngunze is destroying this Co. in broad day light. The meals served on KQ are too refined and this was observed by Rick Ross in 2014 leading to a worldwide trend.. The taste of that food resembles that of an a la carte hotel. A little modesty has never hurt Nope, a quality in-flight product is what an airline requires to prosper. Ngunze does not know this. There are few options for him to continue cutting costs without affecting the quality of the product. What happened in 2015/2016, why did he deliver the same bottom line? Once the quality of the product is poor, there is nothing to be done even with a dreamliner to attract customers. NAIROBI, Kenya, Aug 5 – Kenya Airways has filed positive operating results for the first quarter ended June 2016. Broken down, passenger numbers in West Africa and Central Africa increased by 28 percent at 85,079 and 20 percent at 44,887 respectively. North African passengers amounted to 48,628 percent marking a 2 percent growth. “The African market compared positively with prior year with Western Africa reporting the highest increase at 15 percent due to resumption of flights after the Ebola epidemic, coupled with the reintroduction of flights into Bangui. Further the increase in frequency in Djibouti via Addis Ababa represented an increase of 9 percent in the Northern African region,” KQ says in a statement. There however was a decline of 6 percent and 7 percent for Far East and Europe respectively. Passengers carried in India were 14 percent below prior year despite the capacity reduction of 28 percent due to the deployment of the narrow bodied aircraft. The total passengers uplifted at 894,240 showed a growth of 0.6 percent compared to the same period last year. The airline also put into the market place capacity totalling 3,517 million available seat per kilometres which was a 1.5 percent decline compared to the same period last year. This was due to the withdrawal of the B777s from the network. “Despite the reduced capacity, the airline increased the seats flown during the period by 1.6 percent to 1.58 million due to efficient use of aircrafts, whereby KQ now has 43 aircraft which are all fully operational hence more productive use of its assets.” Cabin factor improved to 66.3 percent from 65.2 percent during the period. The results come at a time when the airline is implementing its turnaround strategy dubbed ‘Operation Pride’ which is aimed at closing the profitability gap and refocusing the business model among others.
COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:obiero wrote:News just in to those who expect Amb Dennis Awori or Mbuvi Ngunze to exit without a just cause.. http://www.nation.co.ke/...19552-xebsmf/index.html
Signs of life are evident to me.. Gross profit up 42% +KES10.549B YoY and operating loss position up 76% +KES 12.240B YoY . KQ despite turbulent times remains a bold and treasured brand, voted as African Airline of The Year, Leading Business Class in Africa 2015, delivering 160 landing/takeoffs with uplift of over 10,000 passengers daily covering 54 global destinations. Operation Pride now at 25% of implementation, has achieved 113 improvement activities effected out of a total of 447 specific initiatives. Overall impact being 32% increase on recurrent annual income. The airline paid down KES 34.7B of its term debts in 2015-2016. Short term debt down to KES 14B from 26.4B in previous FY. The firm also managed to retain cash at hand; up 42% to KES 4.287B, implying resolution on immediate cash constraint issue. 10+ reasons to believe in operation pride atKQ: 1. End of hedging policy 2. Cut off on HOTAC and other operational expenses 3. Rightsizing of the workforce 4. Fuel efficient planes 5. Route optimization 6. Category 1 status at main hub 7. GoK guaranteed debt at reduced pay out 8. Sale of non critical assets 9. Global reduction in fuel costs 10. Revival in KE tourism 11. Budget carrier for booming middle-class 12. Cleaned-up board and management 13. Debt tenor restructure by main bankers 14. Financial revamp by transaction advisers @spikes may call this an obsession on KQ, but I smell clean cash money of high value in the near horizon. High risk high return.. Let him buy time as he wait for the pilots to strike. It is evident the management is to blame for the mess. How can in-flight meals be made lean yet you still expect to maintain value. Some of these things does not add up and it will end up destroying the product. The Middle East carriers have managed to attract customers through a a quality in-flight product. Quote:KQ currently sources its meals from several suppliers including Nas Servair and LSG Sky Chefs, a model it says has not been benefitial to them with volume discounts. Quote:Furthermore, the airline says there is a “wide selection of beverage and meal components that do not consider service time, flight duration and guest value” leading to wastage.
Going forward, the airline will review its meal offering across the network, consolidate global suppliers, create a negotiating strategy and match meals to the time of day.
More importantly to the 11,500 passengers who use KQ every day is that the airline plans to develop a “lean inflight (meal) product while maintaining value and stock beverages informed by consumption analysis.”
Ngunze is destroying this Co. in broad day light. The meals served on KQ are too refined and this was observed by Rick Ross in 2014 leading to a worldwide trend.. The taste of that food resembles that of an a la carte hotel. A little modesty has never hurt Nope, a quality in-flight product is what an airline requires to prosper. Ngunze does not know this. There are few options for him to continue cutting costs without affecting the quality of the product. What happened in 2015/2016, why did he deliver the same bottom line? Once the quality of the product is poor, there is nothing to be done even with a dreamliner to attract customers. NAIROBI, Kenya, Aug 5 – Kenya Airways has filed positive operating results for the first quarter ended June 2016. Broken down, passenger numbers in West Africa and Central Africa increased by 28 percent at 85,079 and 20 percent at 44,887 respectively. North African passengers amounted to 48,628 percent marking a 2 percent growth. “The African market compared positively with prior year with Western Africa reporting the highest increase at 15 percent due to resumption of flights after the Ebola epidemic, coupled with the reintroduction of flights into Bangui. Further the increase in frequency in Djibouti via Addis Ababa represented an increase of 9 percent in the Northern African region,” KQ says in a statement. There however was a decline of 6 percent and 7 percent for Far East and Europe respectively. Passengers carried in India were 14 percent below prior year despite the capacity reduction of 28 percent due to the deployment of the narrow bodied aircraft. The total passengers uplifted at 894,240 showed a growth of 0.6 percent compared to the same period last year. The airline also put into the market place capacity totalling 3,517 million available seat per kilometres which was a 1.5 percent decline compared to the same period last year. This was due to the withdrawal of the B777s from the network. “Despite the reduced capacity, the airline increased the seats flown during the period by 1.6 percent to 1.58 million due to efficient use of aircrafts, whereby KQ now has 43 aircraft which are all fully operational hence more productive use of its assets.” Cabin factor improved to 66.3 percent from 65.2 percent during the period. The results come at a time when the airline is implementing its turnaround strategy dubbed ‘Operation Pride’ which is aimed at closing the profitability gap and refocusing the business model among others. Less concerned about passengers uplifted and more concerned about profits made. Even in Limuru donkeys uplift many passengers Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,711 Location: nairobi
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KALPA has gone quiet. Wonder why?
COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 6/23/2009 Posts: 13,711 Location: nairobi
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sparkly wrote:obiero wrote:ArrestedDev wrote:obiero wrote:ArrestedDev wrote:obiero wrote:News just in to those who expect Amb Dennis Awori or Mbuvi Ngunze to exit without a just cause.. http://www.nation.co.ke/...19552-xebsmf/index.html
Signs of life are evident to me.. Gross profit up 42% +KES10.549B YoY and operating loss position up 76% +KES 12.240B YoY . KQ despite turbulent times remains a bold and treasured brand, voted as African Airline of The Year, Leading Business Class in Africa 2015, delivering 160 landing/takeoffs with uplift of over 10,000 passengers daily covering 54 global destinations. Operation Pride now at 25% of implementation, has achieved 113 improvement activities effected out of a total of 447 specific initiatives. Overall impact being 32% increase on recurrent annual income. The airline paid down KES 34.7B of its term debts in 2015-2016. Short term debt down to KES 14B from 26.4B in previous FY. The firm also managed to retain cash at hand; up 42% to KES 4.287B, implying resolution on immediate cash constraint issue. 10+ reasons to believe in operation pride atKQ: 1. End of hedging policy 2. Cut off on HOTAC and other operational expenses 3. Rightsizing of the workforce 4. Fuel efficient planes 5. Route optimization 6. Category 1 status at main hub 7. GoK guaranteed debt at reduced pay out 8. Sale of non critical assets 9. Global reduction in fuel costs 10. Revival in KE tourism 11. Budget carrier for booming middle-class 12. Cleaned-up board and management 13. Debt tenor restructure by main bankers 14. Financial revamp by transaction advisers @spikes may call this an obsession on KQ, but I smell clean cash money of high value in the near horizon. High risk high return.. Let him buy time as he wait for the pilots to strike. It is evident the management is to blame for the mess. How can in-flight meals be made lean yet you still expect to maintain value. Some of these things does not add up and it will end up destroying the product. The Middle East carriers have managed to attract customers through a a quality in-flight product. Quote:KQ currently sources its meals from several suppliers including Nas Servair and LSG Sky Chefs, a model it says has not been benefitial to them with volume discounts. Quote:Furthermore, the airline says there is a “wide selection of beverage and meal components that do not consider service time, flight duration and guest value” leading to wastage.
Going forward, the airline will review its meal offering across the network, consolidate global suppliers, create a negotiating strategy and match meals to the time of day.
More importantly to the 11,500 passengers who use KQ every day is that the airline plans to develop a “lean inflight (meal) product while maintaining value and stock beverages informed by consumption analysis.”
Ngunze is destroying this Co. in broad day light. The meals served on KQ are too refined and this was observed by Rick Ross in 2014 leading to a worldwide trend.. The taste of that food resembles that of an a la carte hotel. A little modesty has never hurt Nope, a quality in-flight product is what an airline requires to prosper. Ngunze does not know this. There are few options for him to continue cutting costs without affecting the quality of the product. What happened in 2015/2016, why did he deliver the same bottom line? Once the quality of the product is poor, there is nothing to be done even with a dreamliner to attract customers. NAIROBI, Kenya, Aug 5 – Kenya Airways has filed positive operating results for the first quarter ended June 2016. Broken down, passenger numbers in West Africa and Central Africa increased by 28 percent at 85,079 and 20 percent at 44,887 respectively. North African passengers amounted to 48,628 percent marking a 2 percent growth. “The African market compared positively with prior year with Western Africa reporting the highest increase at 15 percent due to resumption of flights after the Ebola epidemic, coupled with the reintroduction of flights into Bangui. Further the increase in frequency in Djibouti via Addis Ababa represented an increase of 9 percent in the Northern African region,” KQ says in a statement. There however was a decline of 6 percent and 7 percent for Far East and Europe respectively. Passengers carried in India were 14 percent below prior year despite the capacity reduction of 28 percent due to the deployment of the narrow bodied aircraft. The total passengers uplifted at 894,240 showed a growth of 0.6 percent compared to the same period last year. The airline also put into the market place capacity totalling 3,517 million available seat per kilometres which was a 1.5 percent decline compared to the same period last year. This was due to the withdrawal of the B777s from the network. “Despite the reduced capacity, the airline increased the seats flown during the period by 1.6 percent to 1.58 million due to efficient use of aircrafts, whereby KQ now has 43 aircraft which are all fully operational hence more productive use of its assets.” Cabin factor improved to 66.3 percent from 65.2 percent during the period. The results come at a time when the airline is implementing its turnaround strategy dubbed ‘Operation Pride’ which is aimed at closing the profitability gap and refocusing the business model among others. Less concerned about passengers uplifted and more concerned about profits made. Even in Limuru donkeys uplift many passengers 
COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
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Kenya Airways...why ignore..
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