Obi: KQ accounts for the hedges through their balance sheet. Check their website out. The 'full' hit was not apparent coz fuel prices were still 'high' on 30 Sep 2008 (date of the unaudited results/balance sheet).

That said,some of the hedges would have burnt off (expired/paid off) over the next 6 months. KQ will release results (per other SKerians) in mid-late May 2009. By that time... more of the unfavourable hedges will be off the books.


****By the time the AGM rolls around (Sep/Oct 2009)... they may have written off/down most of the 'bad' hedges.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB

I read in some business paper that KQ is disposing of/selling two of its smaller Boeing a/c's to Czech at 3M dollar each.Could this earning be ploughed back into annual results to be announced soon so that we can expect some good dividend?Experts?


Which is more dirty,the pig or Kenyan mp?

eish...,I think KQ replaced its Airbuses with Boeing aircraft?Now you talk a SAAB?How does this aircraft look like,seems like South African make.@And1589,thanks anyway.


Which is more dirty,the pig or Kenyan mp?

I expect to dividends this time round.BA has recorded record losses while Emirates profits have nose dived there is onily one direction in Airlines and its south.


astrologers for better future

@Maumau,That was '07,n bks closure was 28/09/2007. Books closure last yr not in my records.

Ecs 11.2 Give portions to seven,yes to eight,for you do not know what disaster may come upon the land.