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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: 4,824 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: 14,321 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 COOP, IMH, KEGN, KQ, MTNU
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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.html
http://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: 18,375 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: 18,375 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: 14,321 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 COOP, IMH, KEGN, KQ, MTNU
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