Management was optimistic about 2H (well, 3Q anyway) but there is a cashflow impact in 2H if the Hedges remain underwater...
KQ can make enough to cover the cash needs/requirements of the payments to the counter-parties...
What excites me is the growth in the network... If they can manage the high RPKs then they can grow revenues + profits!
Management has indicated they will not budge (much) to the unions demands... That is a huge PLUS coz the wage bill is up KShs 1.4bn [14.4% of costs] without a corresponding increase in productivity...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett