come think of it....how long ago was that rights issue?? Didn't KQ portray very "healthy" prospects in their reporting?
Are they trying imply that losses of upto 4.6Billion materialised over a period of 6 Months??
i remember jokes of "cooking books"
#CEO Bonoko
On a lighter note... my brokers advisory in January...
when the share price was Kshs20.25!!!!!!
RESEARCH TEAM AIB wrote:Kenya Airways released the operating performance for the third quarter 2011, Oct – Dec, recording a 6.5% increase from the same period the previous year for a total capacity of 3,560m seat kilometers. The increase was mainly driven by increased frequencies and the introduction new routes. Southern Africa, Kenya and Europe registering the highest growth while East Africa and Central Africa registered negative growth. Total production stood at 2,563m revenue passenger kilometers, a 9.9% growth compared to the same period the previous year. Cargo tonnage increased by 6.2% riding on the wave of increased capacity.
Total passenger numbers stood at 956,742 boosted by the growth in passengers travelling domestically, representing a 15.4% growth.
We note the airline’s drive to grow its capacity by introducing new routes in what has been projected as fastest growing economies, where demand is expected to increase, as it maintains efficiency in its operations is expected to boost its revenue in the long run.
Non committal it is ...but i wish they'd have signed off with...
"Ishidwe!! Pthu! Pepo Chafu!!"
LOL!!
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version