Pump and do a rights to save this crap from landing on dry land

That borrowings figure is a thorn in the flesh for KQ.
Operating profit ni kiswahili to cheat investors on the impact of the borrowings.
The day when KQ will be borrowing less and repaying more is when turnaround will have began.As at now it's borrowing more than what it's repaying.
Equity position is still growing on the negative direction.

Overheard..

Was this increase in negative equity due to selling of assets or more borrowing?

"It is a matter of restoring the morale, changing things around making better working practices," Michael Joseph said, adding that "it might take a few months" to set the airline back on course.

With an increase in the top line, a full year PBT is no longer in the realm of fiction

Unless:
1) GoK gives a "soft" loan to KQ of KES 30bn to pay off the other loans.
2) Forgiveness of debt by the creditors.
3) A huge increase in turnover [passengers, RSK, cargo, etc]

Bottomline: The "full-year PBT" remains a fiction for FY 2016-17 even FY 2017-18.