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Kenya Airways...why ignore..
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:mibbz wrote:VituVingiSana wrote:obiero wrote:Titus Naikuni has taken the boldest step ever.. Always finish your career on a high What bold step? Possibly continuing flights into affected regions despite the ebola outbreak. Corporate greed at its best Can KQ afford suspending west africa's lucrative trips in the midst of a tourism slump? Money got no morals. High risk move and if the bet goes against them... KQ cant afford this travel ban. Mr market will not like this ban...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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hisah wrote:hisah wrote:mibbz wrote:VituVingiSana wrote:obiero wrote:Titus Naikuni has taken the boldest step ever.. Always finish your career on a high What bold step? Possibly continuing flights into affected regions despite the ebola outbreak. Corporate greed at its best Can KQ afford suspending west africa's lucrative trips in the midst of a tourism slump? Money got no morals. High risk move and if the bet goes against them... KQ cant afford this travel ban. Mr market will not like this ban... According to KQ, West Africa contributes less than a quarter of total revenue. OK, lets just say, 20%. Nigeria and Ghana route still remain. So cancelled destinations/routes may be contributing less than 7% of total revenue. 7% is no where insignificant for a loss making firm. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Member Joined: 5/6/2014 Posts: 268 Location: Nairobi, Kenya
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dunkang wrote:hisah wrote:hisah wrote:mibbz wrote:VituVingiSana wrote:obiero wrote:Titus Naikuni has taken the boldest step ever.. Always finish your career on a high What bold step? Possibly continuing flights into affected regions despite the ebola outbreak. Corporate greed at its best Can KQ afford suspending west africa's lucrative trips in the midst of a tourism slump? Money got no morals. High risk move and if the bet goes against them... KQ cant afford this travel ban. Mr market will not like this ban... According to KQ, West Africa contributes less than a quarter of total revenue. OK, lets just say, 20%. Nigeria and Ghana route still remain. So cancelled destinations/routes may be contributing less than 7% of total revenue. 7% is no where insignificant for a loss making firm. @dunkang 7% of 100B translates to 7B which is not small. The macro-environment is getting more unfriendly. The problem is that a disappointed frequent passenger may never come back. Govt. bail, that's what I see.
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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Akenyan2014 wrote:dunkang wrote:hisah wrote:hisah wrote:mibbz wrote:VituVingiSana wrote:obiero wrote:Titus Naikuni has taken the boldest step ever.. Always finish your career on a high What bold step? Possibly continuing flights into affected regions despite the ebola outbreak. Corporate greed at its best Can KQ afford suspending west africa's lucrative trips in the midst of a tourism slump? Money got no morals. High risk move and if the bet goes against them... KQ cant afford this travel ban. Mr market will not like this ban... According to KQ, West Africa contributes less than a quarter of total revenue. OK, lets just say, 20%. Nigeria and Ghana route still remain. So cancelled destinations/routes may be contributing less than 7% of total revenue. 7% is no where insignificant for a loss making firm. @dunkang 7% of 100B translates to 7B which is not small. The macro-environment is getting more unfriendly. The problem is that a disappointed frequent passenger may never come back. Govt. bail, that's what I see. Meanwhile, Ethiopian continues with its up and up. Hurts to read this
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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obiero wrote:Akenyan2014 wrote:dunkang wrote:hisah wrote:hisah wrote:mibbz wrote:VituVingiSana wrote:obiero wrote:Titus Naikuni has taken the boldest step ever.. Always finish your career on a high What bold step? Possibly continuing flights into affected regions despite the ebola outbreak. Corporate greed at its best Can KQ afford suspending west africa's lucrative trips in the midst of a tourism slump? Money got no morals. High risk move and if the bet goes against them... KQ cant afford this travel ban. Mr market will not like this ban... According to KQ, West Africa contributes less than a quarter of total revenue. OK, lets just say, 20%. Nigeria and Ghana route still remain. So cancelled destinations/routes may be contributing less than 7% of total revenue. 7% is no where insignificant for a loss making firm. @dunkang 7% of 100B translates to 7B which is not small. The macro-environment is getting more unfriendly. The problem is that a disappointed frequent passenger may never come back. Govt. bail, that's what I see. Meanwhile, Ethiopian continues with its up and up. Hurts to read this Now the chap relents: Kenya Airways suspends flights to Liberia, Sierra Leone http://www.businessdailyafrica....64/-/7anrao/-/index.htmlhttp://www.kenya-airways.com/up...eone%20and%20Liberia.pdf
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Plans to have direct flights to Beijing and Shanghai will be scrapped yet they had even got a station manager to work there,2 of the planes recently bought are going to be leased out... possunt quia posse videntur
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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maka wrote:Plans to have direct flights to Beijing and Shanghai will be scrapped yet they had even got a station manager to work there,2 of the planes recently bought are going to be leased out... Why are they scrapping the destinations? I thought these were core destinations. Will they get more for the leases than their payments? I am glad I de-planed (at a loss) and didn't board again despite the temptation. It's just a matter of time [if what @maka says is true] that it will drop to below 10. Naikuni came to KQ when the price was around 8/- and will leave when the price will be probably be around 8/-. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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I don't think the revenue loss will be as bad as Business Daily makes it out to be but... http://www.businessdaily.../1/-/tuvs0s/-/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 2/18/2011 Posts: 448
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Maka on the contrary by scrapping the 2 west African routes they might be keen on opening up Shanghai & Beijin faster.
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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mibbz wrote:Maka on the contrary by scrapping the 2 west African routes they might be keen on opening up Shanghai & Beijin faster. I thank God for the significant holding of KLM & GoK.. May the market open and reveal the real floor of KQ share. Fingers crossed, ready for the dive
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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obiero wrote:mibbz wrote:Maka on the contrary by scrapping the 2 west African routes they might be keen on opening up Shanghai & Beijin faster. I thank God for the significant holding of KLM & GoK.. May the market open and reveal the real floor of KQ share. Fingers crossed, ready for the dive The way it was explained to me...a new route is likely to be profitable after 6 months,but remember there needs to be monetary input from day 1,new staff,crew costs,accomodation,overflight charges etc profitability on that route is currently based on assumptions they don't want to use money they don't have... On time performance compared to same time period last year is appaling,they are set to focus more on current routes and increase efficiency... possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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9.30 has printed.. kamikaze philosophy now in full effect
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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KES 9.30 has printed.. kamikaze philosophy now in full effect
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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obiero wrote:KES 9.30 has printed.. kamikaze philosophy now in full effect It will only get worse...the company is in dire straits. possunt quia posse videntur
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Is GoK willing and able to step in with funding? Sehemu ndio nyumba
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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obiero wrote:KES 9.30 has printed.. kamikaze philosophy now in full effect http://www.youtube.com/watch?v=v-Kia79GyWU
Go down with honor. Farewell thee, my brother.  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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Damn, I hope there is no combined HAFR & KQ investor here. A cross of Obiero and guru :)
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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ecstacy wrote:Damn, I hope there is no combined HAFR & KQ investor here. A cross of Obiero and guru :) and KK @ 16 bob In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: New-farer Joined: 6/30/2014 Posts: 86 Location: nairobi
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Cofek ndo hao wanaleta maneno sasa 
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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And now COFEK wants KQ to suspend ALL flights to West Africa. They are like dour crabs pulling down those trying to escape the fisherman's bucket... @obiero should have a chat with them to find out why the hate. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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