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KQ in 2010-11 (Boom, Bust or Blah)
mwanahisa
#401 Posted : Thursday, October 28, 2010 3:22:55 PM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
Does anyone have info on what transpired regarding the labour dispute in court? Hearing was scheduled for 21st October.
VituVingiSana
#402 Posted : Thursday, October 28, 2010 3:35:07 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,224
Location: Nairobi
mwanahisa wrote:
Does anyone have info on what transpired regarding the labour dispute in court? Hearing was scheduled for 21st October.
If KQ announces good results, it is a double edged sword for employees!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mwanahisa
#403 Posted : Thursday, October 28, 2010 3:37:59 PM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
VVS, I presume you mean KQ not KK - or?
VituVingiSana
#404 Posted : Thursday, October 28, 2010 5:17:19 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,224
Location: Nairobi
mwanahisa wrote:
VVS, I presume you mean KQ not KK - or?
LOL... yes, I made the correction!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Aguytrying
#405 Posted : Thursday, October 28, 2010 6:09:06 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
Pierce wrote:
'Cabin crew arm all doors and cross-check' smile

ha ha. This is the captain speaking, preparing for take off.
The investor's chief problem - and even his worst enemy - is likely to be himself
the deal
#406 Posted : Thursday, October 28, 2010 6:46:28 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Aguytrying wrote:
Pierce wrote:
'Cabin crew arm all doors and cross-check' smile

ha ha. This is the captain speaking, preparing for take off.

hahaha i hope we wont crush midway on the runway and we enventually take off...
VituVingiSana
#407 Posted : Thursday, October 28, 2010 9:29:05 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,224
Location: Nairobi
the deal wrote:
Aguytrying wrote:
Pierce wrote:
'Cabin crew arm all doors and cross-check' smile

ha ha. This is the captain speaking, preparing for take off.

hahaha i hope we wont crush midway on the runway and we enventually take off...

Well, it has been a bumpy ride!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
the deal
#408 Posted : Friday, October 29, 2010 12:26:27 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
VituVingiSana wrote:
the deal wrote:
Aguytrying wrote:
Pierce wrote:
'Cabin crew arm all doors and cross-check' smile

ha ha. This is the captain speaking, preparing for take off.

hahaha i hope we wont crush midway on the runway and we enventually take off...

Well, it has been a bumpy ride!

Demand 217000 Supply 39000Pray Pray Pray all this augars well for next week...
mwanahisa
#409 Posted : Friday, October 29, 2010 12:55:24 PM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
Things are looking up for the airline industry.

See this link;

http://www.cnbc.com/id/39863221

BA Swings to Profit as Premium Traffic Returns.
VituVingiSana
#410 Posted : Friday, October 29, 2010 1:02:07 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,224
Location: Nairobi
IATA has Africa performing #2 [growth in traffic] in Sep 2010... Only middle east did better...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mwanahisa
#411 Posted : Friday, October 29, 2010 8:44:04 PM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
Some snippets from KQ's operating performance for Q2 (July-Sept 2010):

The airline, one of the top carriers in the continent, said on Friday passenger numbers were up 9 percent to 849,566 over the same period in 2009.

"Uptake of total production at 2,466 million revenue passenger kilometres represents a 10 percent growth ... The resulting average cabin factor improved from last year's level of 70 percent to 73 percent," Kenya Airways said in a statement.

However, the airline, which is 26 percent owned by Air France-KLM (AIRF.PA: Quote), said cargo haulage fell 7 percent to 14,118 tonnes, because of strained capacity.
the deal
#412 Posted : Friday, October 29, 2010 9:32:45 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
mwanahisa wrote:
Some snippets from KQ's operating performance for Q2 (July-Sept 2010):

The airline, one of the top carriers in the continent, said on Friday passenger numbers were up 9 percent to 849,566 over the same period in 2009.

"Uptake of total production at 2,466 million revenue passenger kilometres represents a 10 percent growth ... The resulting average cabin factor improved from last year's level of 70 percent to 73 percent," Kenya Airways said in a statement.

However, the airline, which is 26 percent owned by Air France-KLM (AIRF.PA: Quote), said cargo haulage fell 7 percent to 14,118 tonnes, because of strained capacity.

Pray Pray
Impressive results indeed...the shares should rally...i expect an EPS of 3.5 if my calculations save me right...
Aguytrying
#413 Posted : Friday, October 29, 2010 9:42:26 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
Its about time I got my ROI. Ive never held a share this long. Captain, fire this bird up!!!
The investor's chief problem - and even his worst enemy - is likely to be himself
VituVingiSana
#414 Posted : Saturday, October 30, 2010 12:38:44 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,224
Location: Nairobi
Kenya Airways Operationg Performance; 2nd QTR - July to Sept 2010

Kenya Airways releases its operating results for the second quarter ended 30th Sep 2010.

The company put into the market place capacity totalling 3,391m seat kilometres which was 5.8% above last year’s level. This is as a result of additional destinations launched in the second half of 2010 to Muscat, Juba, Djibouti, Luanda and Bangui.

Capacity offered into Europe registered a 5.3% growth compared to the same quarter of prior year. The Middle East, Far East and Asia regions shrunk by 5.3% compared to last year despite the introduction of Muscat flights via Dubai. This was largely due to the operation of the smaller B767 and B738 compared to the larger B777 that operated in prior year.

The Northern Africa region grew by 15.4% in capacity owing to the introduction of daily flights into Juba in Southern Sudan on the Embraer aircraft. Capacity availed into the East African region grew by 11.6% compared to last year due to better synchronization of KQ schedule with that of Precision Air on both Tanzanian and Zanzibar connections and increased frequency in Bujumbura and Antananarivo.

The highest seat kilometre increase was registered in Southern Africa region which at 26.3% growth. This was due to additional frequencies into Johannesburg during world cup, Harare and Lusaka together with the additions of N’Dola and Gaborone into the network. Capacity offered in the Central Africa region remained at par with the same period last year despite the successful launches of Malabo and Bangui via Douala. The capacity into West Africa grew by 4.2% mainly on Cotonou and Dakar route that were served by B737-800.

In the Domestic front, capacity grew by 10% compared to same period last year because Kisumu route had been closed during previous year.

Uptake of total production at 2,466m revenue passenger kilometres represents a 10% growth compared to last year while the total passenger tally, which closed on 849,566 increased by 9%. The resulting average cabin factor improved from last year’s level of 70% to 73%.

Cargo tonnage at 14,118 reduced by 7% compared to last year’s level due to capacity constraints as a result of narrow body operations on most intra-african routes and competition with passenger baggage on core feed/de-feed routes.

Passenger uplift to Europe at 142,567 indicates a 13.8% year on year growth backed by a 5.3% capacity growth resulting to 82.3% occupancy level which is 5.7 points higher than prior year.

In the Middle East, Far East and Asia regions passenger traffic increased marginally by 2.6% against a capacity shortfall of 5.3%. The realised cabin factor of 82.4% was 5.5 points better than prior year.

Within Africa but excluding Kenya, total enplanements totalled 449,033 indicating growth of 11.2% compared to a 12.1% capacity growth, thus the resultant passenger cabin factor of 60.5% remained at par with prior year’s level.

Passengers uplifted within Kenya at 142,880 were at par with last year’s level. The resulting cabin factor of 70.9% was lower than 79.9% achieved last year.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
PKoli
#415 Posted : Saturday, October 30, 2010 12:47:04 AM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
VVS,

Please give us a projection of what we expect for FY results, assumng there is no strike. Can one discern something in terms of earnings from the info provided?

VituVingiSana
#416 Posted : Saturday, October 30, 2010 1:43:31 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,224
Location: Nairobi
My thoughts:

- Good performance considering shortage of planes esp 767 + 777. 787s delayed thru 2013
- Cargo down but due to smaller planes intra-Africa + more passengers [who bring lots of luggage]
- South Africa increase in passengers was a blip supported by Europe as fans fly Europe-NBO-SouthAfrica especially the Dutch using KLM/KQ.
- Harare will continue growing
- Kenya will see a huge increase in capacity in 3Q with 2 of the 737-300s being dedicated to NBO-MBA. 50+ flights/week. Add NBO-MLD from 13th Dec
- NBO-LHR flights in 3Q + 4Q increased to include some daytime flights per an ad I saw. Low margins though on this sector.
- Juba. Expect lots of journalists, etc using KQ to fly to Juba during the Referendum. A peaceful Referendum means more businessmen flying to Juba.

Very low PLF on intra-Africa (excl Kenya) flights at 60%. Where are the 'empty' flights? The destinations & times I fly within Africa tend to be 'busy'.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#417 Posted : Saturday, October 30, 2010 1:44:31 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,224
Location: Nairobi
PKoli wrote:
VVS,

Please give us a projection of what we expect for FY results, assumng there is no strike. Can one discern something in terms of earnings from the info provided?

Not enough info. For financial info, we need the 1H info to be presented on 5th Nov
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
the deal
#418 Posted : Saturday, October 30, 2010 2:26:27 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
VituVingiSana wrote:
PKoli wrote:
VVS,

Please give us a projection of what we expect for FY results, assumng there is no strike. Can one discern something in terms of earnings from the info provided?

Not enough info. For financial info, we need the 1H info to be presented on 5th Nov


I Agree the Hedges myt also make or break us...
VituVingiSana
#419 Posted : Sunday, October 31, 2010 3:40:21 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,224
Location: Nairobi
Oil has been steady between $72-$82 so the hedges should be similar to EOY FY 2009-10 [31st March 2010]

As the 2Q Operational Stats showed... the gains will/should be from Operations [pax + cargo]... Or I hope!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
the deal
#420 Posted : Sunday, October 31, 2010 8:54:16 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
VituVingiSana wrote:
Oil has been steady between $72-$82 so the hedges should be similar to EOY FY 2009-10 [31st March 2010]

As the 2Q Operational Stats showed... the gains will/should be from Operations [pax + cargo]... Or I hope!


If thats the case we are in the money...KQ has flown 9% more passengers compared to 1H of 2009/10...theyre targeting 3M Pax for 2010/11 so far they have done over 1.5M in the 1H thats superb i can't wait for the results we might be pleasantly suprised...
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