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Kenya Airways...why ignore..
Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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obiero wrote: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  The above article have been doctored. There is a very marginal growth in passenger numbers as compared to the same period last year. I am not even sure why these numbers were released. @obiero, expect a loss as high as the previous one. KALPA have given a humble time to Ngunze ajipange, just hold your horses. 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. If you reduce capacity into Middle East, India and Europe, where do you get passengers to fly intra-Africa via NBO?????? Quote:It reduced capacity to Middle East and India 28 per cent by replacing the wide body B77s and B878s with B737s which have narrower bodies.
Capacity on Europe also declined 17 per cent with the replacement of the B777s with the more fuel efficient B787s and change of operations on the London route where it sold it landing slot at Heathrow airport.
http://www.businessdaily...33002-dvly36/index.html
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Rank: Elder Joined: 6/23/2009 Posts: 14,069 Location: nairobi
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@ArrestedDev intra Africa traffic shall be delivered by the Middle East, Asian and European carriers. KQ will cover the last mile.. A great idea that has arrived somehow way too late. Qatar, South China or KLM will take ages before they develop capacity to Lusaka, Luanda, Gaborone, Freetown..
KQ ABP 4.26
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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obiero wrote:@ArrestedDev intra Africa traffic shall be delivered by the Asian and European carriers. KQ will cover the last mile.. A great idea that has arrived somehow way too late. South China or KLM will take ages before they develop capacity to Lusaka, Luanda, Gaborone, Freetown.. Which Asian and European carriers? KLM does not book passengers on KQ. KQ is selling KLM but they do not reciprocate. The relationship is not working at all and even KALPA has raised as one of the issues that should be dealt with for KQ to regain its lost glory. China Southern does not ferry passengers from India but rather from China. The entry of China Southern who used to transfer skyteam passengers to KQ means less customers for KQ. The majority of the customers flying in from China terminates in NBO, very few proceed to other african cities via KQ. Quote:It is now known that KLM does not make any efforts to sell KQ tickets while KQ makes efforts to sell both its tickets and KLM’s.
The winner here remains KLM, which rakes in more revenue from Eastern Africa than KQ.
“This imbalance is indicative of a sales relationship in need of improvement,” says the Seabury report.
http://www.nation.co.ke/.../-/5b5k7uz/-/index.html
KQ requires change of strategy if it is to get out of the loss territory in 18-24 months. A flat growth in passenger numbers is bad for the long term viability of the carrier.
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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obiero wrote: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 Kwanza one phunda currently uplifts more cargo than one KQ jets.  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Impunity wrote:obiero wrote: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 Kwanza one phunda currently uplifts more cargo than one KQ jets. That's impunity! The opposite of courage is not cowardice, it's conformity.
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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jerry wrote:Impunity wrote:obiero wrote: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 Kwanza one phunda currently uplifts more cargo than one KQ jets. That's impunity! @impunity is that impunity? ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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muandiwambeu wrote:jerry wrote:Impunity wrote:obiero wrote: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 Kwanza one phunda currently uplifts more cargo than one KQ jets. That's impunity! @impunity is that impunity? If the worst comes to the worst you can slaughter a funda and eat it. Not so with KQ shares Life is short. Live passionately.
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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They have realized that liquidating assets is not the solution. Quote:The company’s management, which was expecting to raise about Sh2.25 billion from the transactions, has now decided to sell only five acres to Kemsa and shelve the other transaction. The land sold to Kemsa has been rented by the government’s medical logistics provider for decades. http://www.nation.co.ke/...335632-uaqmkr/index.html
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Rank: Elder Joined: 6/23/2009 Posts: 14,069 Location: nairobi
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[quote=ArrestedDev] They have realized that liquidating assets is not the solution. Quote:The company’s management, which was expecting to raise about Sh2.25 billion from the transactions, has now decided to sell only five acres to Kemsa and shelve the other transaction. The land sold to Kemsa has been rented by the government’s medical logistics provider for decades. http://www.nation.co.ke/...35632-uaqmkr/index.html[/quote] Good progress..
KQ ABP 4.26
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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[quote=ArrestedDev] They have realized that liquidating assets is not the solution. Quote:The company’s management, which was expecting to raise about Sh2.25 billion from the transactions, has now decided to sell only five acres to Kemsa and shelve the other transaction. The land sold to Kemsa has been rented by the government’s medical logistics provider for decades. http://www.nation.co.ke/...35632-uaqmkr/index.html[/quote] Even if they sell off all assets, they will still be left with a 35B hole. Life is short. Live passionately.
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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sparkly wrote:[quote=ArrestedDev] They have realized that liquidating assets is not the solution. Quote:The company’s management, which was expecting to raise about Sh2.25 billion from the transactions, has now decided to sell only five acres to Kemsa and shelve the other transaction. The land sold to Kemsa has been rented by the government’s medical logistics provider for decades. http://www.nation.co.ke/...35632-uaqmkr/index.html[/quote] Even if they sell off all assets, they will still be left with a 35B hole. Hard drugs, sorry hard truth! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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sparkly wrote:[quote=ArrestedDev] They have realized that liquidating assets is not the solution. Quote:The company’s management, which was expecting to raise about Sh2.25 billion from the transactions, has now decided to sell only five acres to Kemsa and shelve the other transaction. The land sold to Kemsa has been rented by the government’s medical logistics provider for decades. http://www.nation.co.ke/...35632-uaqmkr/index.html[/quote] Even if they sell off all assets, they will still be left with a 35B hole. I thought return to profitability can be achieved by cutting down on expenditure while seeing ways of increasing revenue. Disposing of assets will increase cash inflows but that does not guarantee turnaround.  African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Veteran Joined: 4/4/2007 Posts: 1,162
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Anyone can test the robustness of the KQ business by asking themselves this simple question:If KQ was a bank, would you put your money there?
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Rank: Elder Joined: 6/23/2009 Posts: 14,069 Location: nairobi
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Impunity wrote:sparkly wrote:[quote=ArrestedDev] They have realized that liquidating assets is not the solution. Quote:The company’s management, which was expecting to raise about Sh2.25 billion from the transactions, has now decided to sell only five acres to Kemsa and shelve the other transaction. The land sold to Kemsa has been rented by the government’s medical logistics provider for decades. http://www.nation.co.ke/...35632-uaqmkr/index.html[/quote] Even if they sell off all assets, they will still be left with a 35B hole. Hard drugs, sorry hard truth! Time will tell.. Only 51 odd days to end of a marvelous H1
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,069 Location: nairobi
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majimaji wrote:
Anyone can test the robustness of the KQ business by asking themselves this simple question:If KQ was a bank, would you put your money there?
@majimaji.. That argument is too broad. KQ is not a bank, period. People are still travelling aboard the planes, including Olympic champions!!
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,069 Location: nairobi
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majimaji wrote:
Anyone can test the robustness of the KQ business by asking themselves this simple question:If KQ was a bank, would you put your money there?
But the question remains interesting..
KQ ABP 4.26
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:Impunity wrote:sparkly wrote:[quote=ArrestedDev] They have realized that liquidating assets is not the solution. Quote:The company’s management, which was expecting to raise about Sh2.25 billion from the transactions, has now decided to sell only five acres to Kemsa and shelve the other transaction. The land sold to Kemsa has been rented by the government’s medical logistics provider for decades. http://www.nation.co.ke/...35632-uaqmkr/index.html[/quote] Even if they sell off all assets, they will still be left with a 35B hole. Hard drugs, sorry hard truth! Time will tell.. Only 51 odd days to end of a marvelous H1 Time already told. Historical data says liabilities exceed assets by 35B. If marvelous = 1B profit after tax, KQ needs a 35 marvelouses to equate assets and liabilities. Life is short. Live passionately.
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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sparkly wrote:obiero wrote:Impunity wrote:sparkly wrote:[quote=ArrestedDev] They have realized that liquidating assets is not the solution. Quote:The company’s management, which was expecting to raise about Sh2.25 billion from the transactions, has now decided to sell only five acres to Kemsa and shelve the other transaction. The land sold to Kemsa has been rented by the government’s medical logistics provider for decades. http://www.nation.co.ke/...35632-uaqmkr/index.html[/quote] Even if they sell off all assets, they will still be left with a 35B hole. Hard drugs, sorry hard truth! Time will tell.. Only 51 odd days to end of a marvelous H1 Time already told. Historical data says liabilities exceed assets by 35B. If marvelous = 1B profit after tax, KQ needs a 35 marvelouses to equate assets and liabilities. in other words and literally17 years and six months to pay shareholders a cent. however on growth basis, making an ass of you and me, ie assuming growth to be an average annualised net profit of 5b, seven years and six months. @obiero hiyo hesabu ya karne na decades mimi miaka yangu ailewi. how old is @obiero? ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 6/23/2009 Posts: 14,069 Location: nairobi
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muandiwambeu wrote:sparkly wrote:obiero wrote:Impunity wrote:sparkly wrote:[quote=ArrestedDev] They have realized that liquidating assets is not the solution. Quote:The company’s management, which was expecting to raise about Sh2.25 billion from the transactions, has now decided to sell only five acres to Kemsa and shelve the other transaction. The land sold to Kemsa has been rented by the government’s medical logistics provider for decades. http://www.nation.co.ke/...35632-uaqmkr/index.html[/quote] Even if they sell off all assets, they will still be left with a 35B hole. Hard drugs, sorry hard truth! Time will tell.. Only 51 odd days to end of a marvelous H1 Time already told. Historical data says liabilities exceed assets by 35B. If marvelous = 1B profit after tax, KQ needs a 35 marvelouses to equate assets and liabilities. in other words and literally17 years and six months to pay shareholders a cent. however on growth basis, making an ass of you and me, ie assuming growth to be an average annualised net profit of 5b, seven years and six months. @obiero hiyo hesabu ya karne na decades mimi miaka yangu ailewi. how old is @obiero? @obiero is close to 30 years old.. hio hesabu imewekwa na maadui wa KQ, the negative equity issue shall be addressed in the next 2 weeks by a new equity injection of KES 60B.. we shall be all balanced out with positive equity
KQ ABP 4.26
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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obiero wrote:muandiwambeu wrote:sparkly wrote:obiero wrote:Impunity wrote:sparkly wrote:[quote=ArrestedDev] They have realized that liquidating assets is not the solution. Quote:The company’s management, which was expecting to raise about Sh2.25 billion from the transactions, has now decided to sell only five acres to Kemsa and shelve the other transaction. The land sold to Kemsa has been rented by the government’s medical logistics provider for decades. http://www.nation.co.ke/...35632-uaqmkr/index.html[/quote] Even if they sell off all assets, they will still be left with a 35B hole. Hard drugs, sorry hard truth! Time will tell.. Only 51 odd days to end of a marvelous H1 Time already told. Historical data says liabilities exceed assets by 35B. If marvelous = 1B profit after tax, KQ needs a 35 marvelouses to equate assets and liabilities. in other words and literally17 years and six months to pay shareholders a cent. however on growth basis, making an ass of you and me, ie assuming growth to be an average annualised net profit of 5b, seven years and six months. @obiero hiyo hesabu ya karne na decades mimi miaka yangu ailewi. how old is @obiero? @obiero is close to 30 years old.. hio hesabu imewekwa na maadui wa KQ, the negative equity issue shall be addressed in the next 2 weeks by a new equity injection of KES 60B.. we shall be all balanced out with positive equity ,Behold, a sower went forth to sow;....
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