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Kenya Airways...why ignore..
Rank: Elder Joined: 3/2/2009 Posts: 26,325 Location: Masada
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ArrestedDev wrote:4b half year net loss. No profit at the end of the year again.
The road to recovery is long and treacherous.
Have they improved "loss-ically" compared to last year,same period? How much billion saved this time? Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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ArrestedDev wrote:4b half year net loss. No profit at the end of the year again.
The road to recovery is long and treacherous.
Net loss is 2.9B. Refer to the financials HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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obiero wrote:ArrestedDev wrote:4b half year net loss. No profit at the end of the year again.
The road to recovery is long and treacherous.
Net loss is 2.9B. Refer to the financials Paste the financials here. https://www.businessdail...33862-14117jl/index.html
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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ArrestedDev wrote:obiero wrote:ArrestedDev wrote:4b half year net loss. No profit at the end of the year again.
The road to recovery is long and treacherous.
Net loss is 2.9B. Refer to the financials Paste the financials here. https://www.businessdail...3862-14117jl/index.html
@arresteddev remember USA will up KQ annual revenue by over 10%.. That's KES 10B of new revenue per annum.. KES 2.9B loss after tax is acceptable given the McKinsey, Seagull, and Bowman payouts. Inside the plane, not buying more but won't sell myself short HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,060 Location: Nairobi
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After the 4bn loss, is KQ back to Negative Equity? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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Rank: Elder Joined: 12/4/2009 Posts: 10,641 Location: NAIROBI
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VituVingiSana wrote:After the 4bn loss, is KQ back to Negative Equity? When will they start giving dividends Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,641 Location: NAIROBI
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Njeru Githae was on TV pleading with tour agents to help in kq revival by providing more business Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:After the 4bn loss, is KQ back to Negative Equity? KQ is a consumer of capital where the majority and minority shareholders cannot be aligned. GOK blindly bought into Thatchernomics in privitising the National Carrier. Life is short. Live passionately.
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Rank: Member Joined: 5/6/2008 Posts: 199
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Results seem to have been posted without the balance sheet. I wonder why.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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@obiero KQ just posted one of it's best performance in terms of plane utilisation with cabin factors at 75.9% and yet still posted an operating loss...it looks like they're now competing on Price...the question is what is KQ Break even cabin factors now? I highly doubt they will hit 85% even with U.S. Flight....
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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the deal wrote:@obiero KQ just posted one of it's best performance in terms of plane utilisation with cabin factors at 75.9% and yet still posted an operating loss...it looks like they're now competing on Price...the question is what is KQ Break even cabin factors now? I highly doubt they will hit 85% even with U.S. Flight.... My take is that the operational costs ate into all the gains.. Fairly acceptable results for a turnaround entity HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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tandich wrote:Results seem to have been posted without the balance sheet. I wonder why. Wewe itisha balance sheet uwekewe HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,060 Location: Nairobi
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obiero wrote:tandich wrote:Results seem to have been posted without the balance sheet. I wonder why. Wewe itisha balance sheet uwekewe Negative Equity of 4bn including the mandatory convertible note. Which fools (except GoK) will put more money voluntarily into KQ as "ordinary shares"? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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VituVingiSana wrote:obiero wrote:tandich wrote:Results seem to have been posted without the balance sheet. I wonder why. Wewe itisha balance sheet uwekewe Negative Equity of 4bn including the mandatory convertible note. Which fools (except GoK) will put more money voluntarily into KQ as "ordinary shares"? Wewe tutakurudisha shule.. KQLC signed up a guarantee backed by GoK for additional lending as and when needed. Nothing to do with the MCN HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,641 Location: NAIROBI
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Kq needs to quicken growth of revenue to double digits or abt 8-9% not the 3.1% we saw in HY2018. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Ericsson wrote:Kq needs to quicken growth of revenue to double digits or abt 8-9% not the 3.1% we saw in HY2018. It's coming chief HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,060 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:tandich wrote:Results seem to have been posted without the balance sheet. I wonder why. Wewe itisha balance sheet uwekewe Negative Equity of 4bn including the mandatory convertible note. Which fools (except GoK) will put more money voluntarily into KQ as "ordinary shares"? Wewe tutakurudisha shule.. KQLC signed up a guarantee backed by GoK for additional lending as and when needed. Nothing to do with the MCN 1) Loans not Equity. 2) Mandatory not voluntarily. Some of the smart "foreign" banks stayed away from KQ. I wonder if local banks were forced to lend to KQ. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:tandich wrote:Results seem to have been posted without the balance sheet. I wonder why. Wewe itisha balance sheet uwekewe Negative Equity of 4bn including the mandatory convertible note. Which fools (except GoK) will put more money voluntarily into KQ as "ordinary shares"? Wewe tutakurudisha shule.. KQLC signed up a guarantee backed by GoK for additional lending as and when needed. Nothing to do with the MCN 1) Loans not Equity. 2) Mandatory not voluntarily. Some of the smart "foreign" banks stayed away from KQ. I wonder if local banks were forced to lend to KQ. IFC holds KQ shares and defended it's rights in the immediate past issue HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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obiero wrote:Ericsson wrote:Kq needs to quicken growth of revenue to double digits or abt 8-9% not the 3.1% we saw in HY2018. It's coming chief Yes but it will take time. Initially JFK will lead to higher operating costs i.e. loss making route until breakeven/ scale down if passengers numbers does not pick up. This route is also dependent on other new routes. However,under Mikosz leadership you can see highlights that can shift the tide to propel the KQ flight to a safe landing in the black (profit zone)e.g. cheaper and easy available parts and maintenance contract with Boeing,new menu, new routes, new codeshare agreements, savings if the engineers are finally shown the door and many more which could not have been possible under Ngunze. @maka, can you confirm that the suspended engineers will be finally terminated after the recent court of appeal ruling?
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