Five years since this post first went up...and Kenya Airways has degenerated to an abyss of investors money.
At time for first post, KQ was trading at 54...(not factoring in rights issue)..it closed at 7 on Friday..
They are still unable to draw in revenues beyond costs of getting those revenues.
They are unable to contain staff costs thanks to inability to reduce salaries as well as negotiate cutting workforce
They remain more focused on fighting competition and looking good than address operational inefficiencies
Mbuvi Ngunze...Current CEO was amongst key strategists of the waste that was mawingu project
The only rationale for buying KQ is: National Career, and government unlikely to let it crush. Sad indeed
A speculator's galore.
I am actually sad to even post on KQ
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version