maka wrote:sqft wrote:ArrestedDev wrote:I hope everyone can see the increase in revenue is directly attributable to capacity and network expansion. This is the only way for KQ to increase revenue and fight off the competition.
It is very clear that there is demand in the market. Cargo capacity expansion is required very urgently and KQ will be profitable. There is a higher margin in cargo.
That was then. The post Covid future looks grim. Collapsed tourism, reduced business travel, less international travel. If they couldn't make money during NORMAL conditions how will they do it in ABNORMAL conditions?
It's crazy tough... Hapa Kuna shida kubwa sana.
Demand will pick up post corona especially if the vaccine is finalised. There are so many people due to return home from all over the world.
The challenge for KQ is lack of cargo capacity. Cargo is going to play a big role post covid-19, there is massive stuff to be shipped across the world once travel restrictions are eased.
The 12.4 % increase in revenue is very significant for KQ. I said herein the key to revenue growth is network expansion and I give credit to Mikosz with this regard. Africa is still underserved that is why Ethiopian has grown exponentially due to less competition in Africa.
KQ can only compete if the network is strengthened.