A few months to go for Titus

It will be chunky. They grew their fleet by 2-3 planes and opened a few more routes in africa. The result is a total decline in pax volumes. There has been lots of inflation which I doubt they have been able to pass onto passengers. Add in the flight cancellations during the go slow, Egypt air runaway closure, Nigeria upheavels, staff redundancy costs and it certainly looks gloomy! It should also tell us an airline is not a business you add exponential capacity, it's got to be measured and synched to global business cycles.

Here's my humble advice... Don't mess with airline stocks!! bankruptcy is always the end result

KQ was just a beneficiary of the collapse of national airlines around Africa...what happens when most of them are revived? More competition for KQ...the Malawi story points to the future.

Africa, the only region growing at an average of 10% in the world currently. How many African airlines control the air? 4 at a maximum, so even if passengers numbers to and from Europe don't grow...local travel and flights to Asia will continue to grow.

What matters is strategy, what will KQ do to make competition irrelevant while offering their services at a desirable rate to the customer?

1. The number of airlines throwing in the towel is a good sign that competition is feeling the heat.
2. Did I read that Malawi is complaining because their Airline was kicked out of business?
3. The lifestyles of Africans are changing, we all want to get there faster (instant-mentality) soon, many more will be flying rather than taking the long bus ride and if KQ manages to capture this lot(mass market) well then..

For a while now KQ's mgt has been able to effectively use fin strategies to cover themselves from the high fuel prices but have failed badly in customer service and relations.

The airline business is not all bad just incase u wanted another airline example, Southwest..has against all odds managed to stay in the green for 39 years now...and counting. So its all about strategy