Wazua
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Kenya Airways...why ignore..
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Another case of other people making money at the expense of KQ. Life is short. Live passionately.
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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maka wrote:https://www.cnbcafrica.com/videos/2019/06/05/ethiopian-airlines-launches-new-direct-flight-routes/ Yet KQ can’t fill a B777. No one has addressed the underlying issues facing KQ. No brilliant Executive at all in this Airline. The situation will get worse if the state buy out the minority shareholders. For now at least the noise necessary to get the management think comes from the retirees asking why there is no dividend payout.
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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sparkly wrote:Another case of other people making money at the expense of KQ. The management is to blame. Demand is there and KQ can fill those birds. Change of LHR schedule for instance was a bad move. The numbers were there in that route to fill a B777. The thinking that the Aircraft was not being utilised fully was just a scapegoat to sell the landing slot for quick cash. Oversized Cargo that could fit in a B777 cannot be uploaded by KQ anymore.
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Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya
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[quote=VituVingiSana]Let me leave this here. https://www.businessdail...7658-3tlubtz/index.html[/quote] Naikuni sleeping soundly while this happens. Evil world
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Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya
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ArrestedDev wrote:sparkly wrote:Another case of other people making money at the expense of KQ. The management is to blame. Demand is there and KQ can fill those birds. Change of LHR schedule for instance was a bad move. The numbers were there in that route to fill a B777. The thinking that the Aircraft was not being utilised fully was just a scapegoat to sell the landing slot for quick cash. Oversized Cargo that could fit in a B777 cannot be uploaded by KQ anymore. Kenya Airways cannot consistently fill a 400 seat Boeing 777-300ER. They just can't. None of their routes have capacity for the 77W. This is an aircraft that burns a lot of fuel as well so imagine having the plane half full at best and it's not burning fuel as economically as a 787, plus loan & lease repayments. Naikuni and co made a terrible choice bringing this plane. Remember they did operate the 3 77W's for about a year and you saw how much money they burned operating them. Even TK is only using KQ's 777 for their high capacity India routes + London due to the large economy class configuration in KQ's planes.
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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nairobby wrote:ArrestedDev wrote:sparkly wrote:Another case of other people making money at the expense of KQ. The management is to blame. Demand is there and KQ can fill those birds. Change of LHR schedule for instance was a bad move. The numbers were there in that route to fill a B777. The thinking that the Aircraft was not being utilised fully was just a scapegoat to sell the landing slot for quick cash. Oversized Cargo that could fit in a B777 cannot be uploaded by KQ anymore. Kenya Airways cannot consistently fill a 400 seat Boeing 777-300ER. They just can't. None of their routes have capacity for the 77W. This is an aircraft that burns a lot of fuel as well so imagine having the plane half full at best and it's not burning fuel as economically as a 787, plus loan & lease repayments. Naikuni and co made a terrible choice bringing this plane. Remember they did operate the 3 77W's for about a year and you saw how much money they burned operating them. Even TK is only using KQ's 777 for their high capacity India routes + London due to the large economy class configuration in KQ's planes. If the network is expanded then KQ can fill it. There is demand out there. Turkish has a number of them in service. It is not India and London alone. KQ lost the market share due to mismanagement, otherwise they should be able to utilize the equipment. Good management is lacking in KQ. Mikosz failed to diagnose the issues and address them. This is why he is leaving. With such a loss alone from the 3 B777s, he can't see how KQ can make a profit in the near future.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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ArrestedDev wrote:nairobby wrote:ArrestedDev wrote:sparkly wrote:Another case of other people making money at the expense of KQ. The management is to blame. Demand is there and KQ can fill those birds. Change of LHR schedule for instance was a bad move. The numbers were there in that route to fill a B777. The thinking that the Aircraft was not being utilised fully was just a scapegoat to sell the landing slot for quick cash. Oversized Cargo that could fit in a B777 cannot be uploaded by KQ anymore. Kenya Airways cannot consistently fill a 400 seat Boeing 777-300ER. They just can't. None of their routes have capacity for the 77W. This is an aircraft that burns a lot of fuel as well so imagine having the plane half full at best and it's not burning fuel as economically as a 787, plus loan & lease repayments. Naikuni and co made a terrible choice bringing this plane. Remember they did operate the 3 77W's for about a year and you saw how much money they burned operating them. Even TK is only using KQ's 777 for their high capacity India routes + London due to the large economy class configuration in KQ's planes. If the network is expanded then KQ can fill it. There is demand out there. Turkish has a number of them in service. It is not India and London alone. KQ lost the market share due to mismanagement, otherwise they should be able to utilize the equipment. Good management is lacking in KQ. Mikosz failed to diagnose the issues and address them. This is why he is leaving. With such a loss alone from the 3 B777s, he can't see how KQ can make a profit in the near future. Winding up the lease wouldn't be in the airline interest and selling the planes would mean taking a steep cut that wouldn't even dent the existing debt position.. Blanket condemnation of the management without understanding circumstance is somewhat naive
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: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:ArrestedDev wrote:nairobby wrote:ArrestedDev wrote:sparkly wrote:Another case of other people making money at the expense of KQ. The management is to blame. Demand is there and KQ can fill those birds. Change of LHR schedule for instance was a bad move. The numbers were there in that route to fill a B777. The thinking that the Aircraft was not being utilised fully was just a scapegoat to sell the landing slot for quick cash. Oversized Cargo that could fit in a B777 cannot be uploaded by KQ anymore. Kenya Airways cannot consistently fill a 400 seat Boeing 777-300ER. They just can't. None of their routes have capacity for the 77W. This is an aircraft that burns a lot of fuel as well so imagine having the plane half full at best and it's not burning fuel as economically as a 787, plus loan & lease repayments. Naikuni and co made a terrible choice bringing this plane. Remember they did operate the 3 77W's for about a year and you saw how much money they burned operating them. Even TK is only using KQ's 777 for their high capacity India routes + London due to the large economy class configuration in KQ's planes. If the network is expanded then KQ can fill it. There is demand out there. Turkish has a number of them in service. It is not India and London alone. KQ lost the market share due to mismanagement, otherwise they should be able to utilize the equipment. Good management is lacking in KQ. Mikosz failed to diagnose the issues and address them. This is why he is leaving. With such a loss alone from the 3 B777s, he can't see how KQ can make a profit in the near future. Winding up the lease wouldn't be in the airline interest and selling the planes would mean taking a steep cut that wouldn't even dent the existing debt position.. Blanket condemnation of the management without understanding circumstance is somewhat naive How do you sublease at a loss? Bure kabisa Life is short. Live passionately.
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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obiero wrote:ArrestedDev wrote:nairobby wrote:ArrestedDev wrote:sparkly wrote:Another case of other people making money at the expense of KQ. The management is to blame. Demand is there and KQ can fill those birds. Change of LHR schedule for instance was a bad move. The numbers were there in that route to fill a B777. The thinking that the Aircraft was not being utilised fully was just a scapegoat to sell the landing slot for quick cash. Oversized Cargo that could fit in a B777 cannot be uploaded by KQ anymore. Kenya Airways cannot consistently fill a 400 seat Boeing 777-300ER. They just can't. None of their routes have capacity for the 77W. This is an aircraft that burns a lot of fuel as well so imagine having the plane half full at best and it's not burning fuel as economically as a 787, plus loan & lease repayments. Naikuni and co made a terrible choice bringing this plane. Remember they did operate the 3 77W's for about a year and you saw how much money they burned operating them. Even TK is only using KQ's 777 for their high capacity India routes + London due to the large economy class configuration in KQ's planes. If the network is expanded then KQ can fill it. There is demand out there. Turkish has a number of them in service. It is not India and London alone. KQ lost the market share due to mismanagement, otherwise they should be able to utilize the equipment. Good management is lacking in KQ. Mikosz failed to diagnose the issues and address them. This is why he is leaving. With such a loss alone from the 3 B777s, he can't see how KQ can make a profit in the near future. Winding up the lease wouldn't be in the airline interest and selling the planes would mean taking a steep cut that wouldn't even dent the existing debt position.. Blanket condemnation of the management without understanding circumstance is somewhat naive Poor decision making - very critical strategic errors in an Airline leads to loss of billions. It has led total erosion of capital . Anyone telling me Mbugua, Ngunze and Naikuni are smart should go to hell. Pulling KQ out of this mess created by those 3 crooks is a very hard task. It is like trying to plant crops in a desert.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Loss before tax KES 3.2B H1 2019 
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:Loss before tax KES 3.2B H1 2019 Very unlikely as losses are slowly accumulating - increasing in sublease loss, last Dreamliner returned from Oman lease costs , repair bill for the damaged E190s ( insurance might not pay as KQ is culpable of mishandling that’s why the technical director was fired). Mikosz did a quick calculation and found out the loss position won’t improve at all. Even if the KLM directors and the Polish consultants leave it won’t translate to significant savings. Network expansion is now in doubt. I see routes being cut post Mikosz departure to further try and contain the ever increasing costs. Israel and Beijing might not kick off as I don’t think there are enough planes to cover.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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ArrestedDev wrote:obiero wrote:Loss before tax KES 3.2B H1 2019 Very unlikely as losses are slowly accumulating - increasing in sublease loss, last Dreamliner returned from Oman lease costs , repair bill for the damaged E190s ( insurance might not pay as KQ is culpable of mishandling that’s why the technical director was fired). Mikosz did a quick calculation and found out the loss position won’t improve at all. Even if the KLM directors and the Polish consultants leave it won’t translate to significant savings. Network expansion is now in doubt. I see routes being cut post Mikosz departure to further try and contain the ever increasing costs. Israel and Beijing might not kick off as I don’t think there are enough planes to cover. True. But revenue is ramped up and the barrel is retailing at 61 on the back of a hedge executed at 54.. Meanwhile, @wazua what are the chances that KQLC, KLM, KQ ESOP will be forced by GoK to sell their stake at less than KES 8.52??
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: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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obiero wrote:ArrestedDev wrote:obiero wrote:Loss before tax KES 3.2B H1 2019 Very unlikely as losses are slowly accumulating - increasing in sublease loss, last Dreamliner returned from Oman lease costs , repair bill for the damaged E190s ( insurance might not pay as KQ is culpable of mishandling that’s why the technical director was fired). Mikosz did a quick calculation and found out the loss position won’t improve at all. Even if the KLM directors and the Polish consultants leave it won’t translate to significant savings. Network expansion is now in doubt. I see routes being cut post Mikosz departure to further try and contain the ever increasing costs. Israel and Beijing might not kick off as I don’t think there are enough planes to cover. True. But revenue is ramped up and the barrel is retailing at 61 on the back of a hedge executed at 54.. Meanwhile, @wazua what are the chances that KQLC, KLM, KQ ESOP will be forced by GoK to sell their stake at less than KES 8.52?? Highly unlikely that the bankers will agree to take a haircut on KES 8.52...I think GoK will pay a small premium on KES 8.52 and take the airline private...
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:ArrestedDev wrote:obiero wrote:Loss before tax KES 3.2B H1 2019 Very unlikely as losses are slowly accumulating - increasing in sublease loss, last Dreamliner returned from Oman lease costs , repair bill for the damaged E190s ( insurance might not pay as KQ is culpable of mishandling that’s why the technical director was fired). Mikosz did a quick calculation and found out the loss position won’t improve at all. Even if the KLM directors and the Polish consultants leave it won’t translate to significant savings. Network expansion is now in doubt. I see routes being cut post Mikosz departure to further try and contain the ever increasing costs. Israel and Beijing might not kick off as I don’t think there are enough planes to cover. True. But revenue is ramped up and the barrel is retailing at 61 on the back of a hedge executed at 54.. Meanwhile, @wazua what are the chances that KQLC, KLM, KQ ESOP will be forced by GoK to sell their stake at less than KES 8.52?? That one wouldn't happen . And if the government attempts to intimidate shareholders through undue influence the matter will be taken to court and as consequence the government is bound to lose the litigation brought against them. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Spikes wrote:obiero wrote:ArrestedDev wrote:obiero wrote:Loss before tax KES 3.2B H1 2019 Very unlikely as losses are slowly accumulating - increasing in sublease loss, last Dreamliner returned from Oman lease costs , repair bill for the damaged E190s ( insurance might not pay as KQ is culpable of mishandling that’s why the technical director was fired). Mikosz did a quick calculation and found out the loss position won’t improve at all. Even if the KLM directors and the Polish consultants leave it won’t translate to significant savings. Network expansion is now in doubt. I see routes being cut post Mikosz departure to further try and contain the ever increasing costs. Israel and Beijing might not kick off as I don’t think there are enough planes to cover. True. But revenue is ramped up and the barrel is retailing at 61 on the back of a hedge executed at 54.. Meanwhile, @wazua what are the chances that KQLC, KLM, KQ ESOP will be forced by GoK to sell their stake at less than KES 8.52?? That one wouldn't happen . And if the government attempts to intimidate shareholders through undue influence the matter will be taken to court and as consequence the government is bound to lose the litigation brought against them. @wazua class of year 2007-2014 we seek your wisdom
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: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:Spikes wrote:obiero wrote:ArrestedDev wrote:obiero wrote:Loss before tax KES 3.2B H1 2019 Very unlikely as losses are slowly accumulating - increasing in sublease loss, last Dreamliner returned from Oman lease costs , repair bill for the damaged E190s ( insurance might not pay as KQ is culpable of mishandling that’s why the technical director was fired). Mikosz did a quick calculation and found out the loss position won’t improve at all. Even if the KLM directors and the Polish consultants leave it won’t translate to significant savings. Network expansion is now in doubt. I see routes being cut post Mikosz departure to further try and contain the ever increasing costs. Israel and Beijing might not kick off as I don’t think there are enough planes to cover. True. But revenue is ramped up and the barrel is retailing at 61 on the back of a hedge executed at 54.. Meanwhile, @wazua what are the chances that KQLC, KLM, KQ ESOP will be forced by GoK to sell their stake at less than KES 8.52?? That one wouldn't happen . And if the government attempts to intimidate shareholders through undue influence the matter will be taken to court and as consequence the government is bound to lose the litigation brought against them. @wazua class of year 2007-2014 we seek your wisdom Take my advice seriously... Wisdom is not founded on age. Jesus of Nazareth was 12 years old and His wisdom ilitoa Pharisees and Sadducees jasho...The Pharisees and their counterparts walikuwa wazee kama class of @wazua 2007-2014  Tafakari hayo buda. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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muandiwambeu wrote:ArrestedDev wrote:Ericsson wrote:FY results will be released in March then we can judge performance. It is still a loss even if the revenue increased slightly. Slow and treacherous road to recovery. I need to place my second bet with @obiero, but this time it's all has to have a target, duration and the bet. Target, kq will trade at [ b]3.5/ again before end of the next two years. That will mark exit of Mikosi too.[/b]Lot, 💯Gs. With no amusement in the market, tumbili, 1.xy is the place to hover on for a while now. This has been too quick. Fare thee well Sir.S.Mikoz Some things have to be left alone. @obiero declined the invitation but went on a buying spree. It's ok, different strokes for different folks. ,Behold, a sower went forth to sow;....
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Spikes wrote:obiero wrote:ArrestedDev wrote:obiero wrote:Loss before tax KES 3.2B H1 2019 Very unlikely as losses are slowly accumulating - increasing in sublease loss, last Dreamliner returned from Oman lease costs , repair bill for the damaged E190s ( insurance might not pay as KQ is culpable of mishandling that’s why the technical director was fired). Mikosz did a quick calculation and found out the loss position won’t improve at all. Even if the KLM directors and the Polish consultants leave it won’t translate to significant savings. Network expansion is now in doubt. I see routes being cut post Mikosz departure to further try and contain the ever increasing costs. Israel and Beijing might not kick off as I don’t think there are enough planes to cover. True. But revenue is ramped up and the barrel is retailing at 61 on the back of a hedge executed at 54.. Meanwhile, @wazua what are the chances that KQLC, KLM, KQ ESOP will be forced by GoK to sell their stake at less than KES 8.52?? That one wouldn't happen . And if the government attempts to intimidate shareholders through undue influence the matter will be taken to court and as consequence the government is bound to lose the litigation brought against them. My take, G.o.K will buy off the private equity at the prevailing market price and then compensate the qlc for the haircut, but since G.o.K is an hungry rouse it will angrily rouse everyone found in the mix and leave them scratching ninis , the pre restructuring memo only covers kqlc and not klms and the like. Mikos messed the Polish in a bad way. Tulia ufunzwe. ,Behold, a sower went forth to sow;....
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Rank: Chief Joined: 1/3/2007 Posts: 18,056 Location: Nairobi
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ArrestedDev wrote:obiero wrote:maka wrote:Impunity wrote:nairobby wrote:https://www.businessdailyafrica.com/news/turning-around-KQ-tough-task-Mikosz/539546-5141550-13u11tz/index.html
“The Dreamliner aircraft that KQ bought are not fully utilised except on New York route. It does not make sense to have such huge equipment and have them only ply connecting hubs like Amsterdam or Heathrow then come back to Nairobi,” says an expert who sought anonymity because he is consulting for the airline.
Surely this statement isn't true. Who are these experts BD keeps calling for a comment? AMS & LHR are KQ's best performing 787 routes and isn't JFK loss making at the moment? Asshole experts with zero knowledge of what they are talking about. Nincompoops. That's why they go unnamed... Hehe. Hio nayo ni ukweli. Like AMS & LHR are a short distance? Even a Beijing frequency coming up with the returned Oman Air 787! Remember your promise for 10th bro. I owe you an aged one.. 12 years minimum I thought the last to be returned from Oman Air this month will head to Rome & Geneva? I believe the person being quoted by the BD reporter meant the utilization rate. It is low for KQ due to lack of cockpit crew and long haul routes. Hope the new CEO will continue the network expansion. KQ gears up for launch of Geneva, Rome flights https://www.businessdail...50430-10mfhda/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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