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Kenya Airways...why ignore.. end 2025
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maka
#7551 Posted : Thursday, May 25, 2017 6:15:40 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
obiero wrote:
maka wrote:
Jitahidi wrote:
maka wrote:
Paul Kasimu back as HR director ...

Evidence?


I am so sorry I stand corrected he has gone to Scom...
Whitecap mingi...

Apology accepted





possunt quia posse videntur
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Spikes
#7552 Posted : Thursday, May 25, 2017 9:52:11 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Those who are riding inside are greatly terrified only that ni kujikaza tu!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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obiero
#7553 Posted : Thursday, May 25, 2017 1:34:10 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,367
Location: nairobi
A decent set of results considering the circumstances.. We now await the big announcement mid next month
COOP, KEGN, MTNU
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ArrestedDev
#7554 Posted : Thursday, May 25, 2017 3:21:36 PM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
obiero wrote:
A decent set of results considering the circumstances.. We now await the big announcement mid next month


I told you long ago that the loss is 10billion. Ngunze has been overseeing a massive rot in this Company. I am very relieved that he is exiting and a very strong manager taking over.

Whoever appointed Ngunze to that position made a very big mistake.

It will take sometime to fully put this Airline back on track. No competitive advantage at it's disposal anymore.
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ArrestedDev
#7555 Posted : Thursday, May 25, 2017 3:31:25 PM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
By the way with the reduction of the loss, there is no impact at all. KQ is even now in a worse state considering the fact that key assets that could have been used to generate income in the near future were offloaded, some at throw away prices.

The reduction in the loss was only occassioned by the cosmetic changes i.e. unsustainable cost cutting measures rather than addressing the underlying problems.
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obiero
#7556 Posted : Thursday, May 25, 2017 4:33:21 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,367
Location: nairobi
ArrestedDev wrote:
By the way with the reduction of the loss, there is no impact at all. KQ is even now in a worse state considering the fact that key assets that could have been used to generate income in the near future were offloaded, some at throw away prices.

The reduction in the loss was only occassioned by the cosmetic changes i.e. unsustainable cost cutting measures rather than addressing the underlying problems.

What you have written is emotional
COOP, KEGN, MTNU
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Ebenyo
#7557 Posted : Thursday, May 25, 2017 8:29:41 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,022
Location: Kitale
ArrestedDev wrote:
By the way with the reduction of the loss, there is no impact at all. KQ is even now in a worse state considering the fact that key assets that could have been used to generate income in the near future were offloaded, some at throw away prices.

The reduction in the loss was only occassioned by the cosmetic changes i.e. unsustainable cost cutting measures rather than addressing the underlying problems.


On the contrary,these results are good.Its not just the asset sale only,there has been efficient measures taken to curb spiralling expenditure.The corruption loopholes has been addressed.All these due to effect of Michael Joseph.What is needed now is some cash injection and the airline will be back into profitability immediately.
Towards the goal of financial freedom
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obiero
#7558 Posted : Thursday, May 25, 2017 9:39:48 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,367
Location: nairobi
Ebenyo wrote:
ArrestedDev wrote:
By the way with the reduction of the loss, there is no impact at all. KQ is even now in a worse state considering the fact that key assets that could have been used to generate income in the near future were offloaded, some at throw away prices.

The reduction in the loss was only occassioned by the cosmetic changes i.e. unsustainable cost cutting measures rather than addressing the underlying problems.


On the contrary,these results are good.Its not just the asset sale only,there has been efficient measures taken to curb spiralling expenditure.The corruption loopholes has been addressed.All these due to effect of Michael Joseph.What is needed now is some cash injection and the airline will be back into profitability immediately.

Indeed. I would not be surprised by a H1 profit. No one here was expecting a profit for the full year.. Maybe @spikes only
COOP, KEGN, MTNU
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  | | Edit by user: Thursday, May 25, 2017 9:41 PM | Reason: Not specified
maka
#7559 Posted : Thursday, May 25, 2017 9:57:30 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Ebenyo wrote:
ArrestedDev wrote:
By the way with the reduction of the loss, there is no impact at all. KQ is even now in a worse state considering the fact that key assets that could have been used to generate income in the near future were offloaded, some at throw away prices.

The reduction in the loss was only occassioned by the cosmetic changes i.e. unsustainable cost cutting measures rather than addressing the underlying problems.


On the contrary,these results are good.Its not just the asset sale only,there has been efficient measures taken to curb spiralling expenditure.The corruption loopholes has been addressed.All these due to effect of Michael Joseph.What is needed now is some cash injection and the airline will be back into profitability immediately.


Even before MJ initiatives were ongoing and the successful guys have been awarded trips to some of the KQ destinations...Probably his full impact will be felt this year...
possunt quia posse videntur
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obiero
#7560 Posted : Thursday, May 25, 2017 10:29:02 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,367
Location: nairobi

The devil lies in the turnover narrative. Otherwise, quite decent results. The market has already responded appropriately.. No panic
COOP, KEGN, MTNU
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  | | Edit by user: Thursday, May 25, 2017 10:33 PM | Reason: Not specified
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