Well... I like KQ's chances [high fuel prices WILL hurt] but they can pass on costs in Africa [no competition or competition also suffering].

I think KQ will cut some Africa flights but using smaller planes or fewer frequencies to match lower demand after fares are raised even higher.

On the other hand, will the other African airlines suffer enough to go out of business?

Ethiopia is going through tough times but ET seems to be doing OK. On the other hand if ET went down [or cut back] then KQ can jump in!

ProverB, you expect financials to move then? The brilliant first quarter results didn't do shit for them. Ama you are talking long term?

@seketes, is it time to quote you or which month did you mean?

On a more serious note, I once asked a question about the cash flow hedges KQ had in place at the Half year position on which it had unrealised losses. Can anyone help out on this one - VVS, the deal, Horton, ProverB, guru267, stocksmaster, hisah, QW, kizee1 et al, where are you all at?

@the deal, I am not sure whether these related to fuel. KQ reported realized losses of 51 million shs on fuel derivatives and another 20 million shs in fair value losses on fuel derivatives. If these losses were on fuel, I would have expected them to be captured in either of the two items, or am I reading it wrong?

@mwanahisa - I am not ignoring you but prefer to just wait 2 weeks to see the results!