Kenya Airways FY 2012/13 after tax loss of 7.8bn - Page 9 - Stocks - Wazua

Welcome Guest

Wazua » Investor » Stocks » Kenya Airways FY 2012/13 after tax loss of 7.8bn

Kenya Airways FY 2012/13 after tax loss of 7.8bn

Options

Previous Topic · Next Topic

VituVingiSana		#81 Posted : Tuesday, June 18, 2013 10:04:19 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi		mwekez@ji wrote: Kenya Airways is considering starting a fuel procurement company to cut on fuel costs (which was the biggest cost) and are in talks with relevant government arms. Maybe they should just buy KK And combine the losses from hedges? 2 for 1 deal for the folks who sell them hedges! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		\|
User Profile

VituVingiSana		#82 Posted : Tuesday, June 18, 2013 10:06:20 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi		sparkly wrote: Pesa Nane wrote: VituVingiSana wrote: Pesa Nane wrote: Quote: Among other cost-cutting measures adopted is “reducing over-catering” where the company will cut the amount of foods and drinks offered to passengers Be sure to enjoy your meal before boarding that KQ flight. Over a lunch-hour flight, they only served a HALF portion of Beef/Fish + Rice and a tiny piece of cake!!. Fullstop. Welcome to Kenya Hungerways. LMAO... I am OK with no meal on short flights. What's the point? I would rather have a cheaper flight & eat what I want rather than what they serve me! I fly economy so my choices on meals/drinks are limited anyway! That exactly why you have budget airlines and KQ ain't one of them!! KQ will turn into an air matatu at this rate. Zero comfort, as long as you get there. I thought it already is a matatu... delayed flights, missing luggage, Dereva & Makanga who don't really care... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		\|
User Profile

Kausha		#83 Posted : Tuesday, June 18, 2013 12:31:45 PM
Rank: Member Joined: 2/8/2007 Posts: 808		Me thinks the board is clueless in the airline business! That is why they put up with Tito and Lexis. Actually if you look through the credentials of the board, other than the KLM reps, the rest of the board members are are paddling in the high seas on rafts!
Back to top		\|
User Profile

mibbz		#84 Posted : Tuesday, June 18, 2013 1:26:22 PM
Rank: Member Joined: 2/18/2011 Posts: 448		Kausha wrote: Me thinks the board is clueless in the airline business! That is why they put up with Tito and Lexis. Actually if you look through the credentials of the board, other than the KLM reps, the rest of the board members are are paddling in the high seas on rafts! Hapo umenena
Back to top		\|
User Profile

VituVingiSana		#85 Posted : Tuesday, June 18, 2013 1:56:22 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi		mibbz wrote: Kausha wrote: Me thinks the board is clueless in the airline business! That is why they put up with Tito and Lexis. Actually if you look through the credentials of the board, other than the KLM reps, the rest of the board members are are paddling in the high seas on rafts! Hapo umenena Truth! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		\|
User Profile

murchr		#86 Posted : Tuesday, June 18, 2013 6:27:30 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		VituVingiSana wrote: mwekez@ji wrote: Kenya Airways is considering starting a fuel procurement company to cut on fuel costs (which was the biggest cost) and are in talks with relevant government arms. Maybe they should just buy KK And combine the losses from hedges? 2 for 1 deal for the folks who sell them hedges! KQ has made gains from hedging in the last 2 financial years. But these guys need to concentrate on travel first before they think of anything else "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
Back to top		\|
User Profile

dunkang		#87 Posted : Tuesday, June 18, 2013 9:09:36 PM
Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831		Na wanaume wana nguvu. This thing is still above 6/-? Receive with simplicity everything that happens to you.” ― Rashi
Back to top		\|
User Profile

VituVingiSana		#88 Posted : Wednesday, June 19, 2013 12:07:19 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi		murchr wrote: VituVingiSana wrote: mwekez@ji wrote: Kenya Airways is considering starting a fuel procurement company to cut on fuel costs (which was the biggest cost) and are in talks with relevant government arms. Maybe they should just buy KK And combine the losses from hedges? 2 for 1 deal for the folks who sell them hedges! KQ has made gains from hedging in the last 2 financial years. But these guys need to concentrate on travel first before they think of anything else I would like to see the detail as presented in GAAP Accounting that includes the premium/s paid. When you hedge [depending on the hedge] you may pay a premium [upfrot fee] so the break-even comes when the gain equals the premium paid. Not to mention the premium has to be financed. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		\|
User Profile

murchr		#89 Posted : Wednesday, June 19, 2013 12:52:23 AM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		VituVingiSana wrote: murchr wrote: VituVingiSana wrote: mwekez@ji wrote: Kenya Airways is considering starting a fuel procurement company to cut on fuel costs (which was the biggest cost) and are in talks with relevant government arms. Maybe they should just buy KK And combine the losses from hedges? 2 for 1 deal for the folks who sell them hedges! KQ has made gains from hedging in the last 2 financial years. But these guys need to concentrate on travel first before they think of anything else I would like to see the detail as presented in GAAP Accounting that includes the premium/s paid. When you hedge [depending on the hedge] you may pay a premium [upfrot fee] so the break-even comes when the gain equals the premium paid. Not to mention the premium has to be financed. KQ enters into hedge contracts with financial institutions, to fix the price at which fuel will be bought in the future. Fuel prices are volatile, and the hedging gives a limit of exposure. If the market prices go below the hedge price, KQ pays the difference to the contracted financial institution. If the price shoots above the hedge price, KQ is paid the difference. As to predicting if the price will be higher or lower, that needs an expert who is not only an accountant but a strategist who can read the geopolitics of the day. I dont know of an upfront fee...what i understand is you negotiate a price let say to buy jetfuel at 90 if it shoots to 100 the fin company gets to blow, if it melts to 80 Kq suffers the blow...simply put, its a gamble "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
Back to top		\|
User Profile

VituVingiSana		#90 Posted : Wednesday, June 19, 2013 8:42:42 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi		murchr wrote: VituVingiSana wrote: murchr wrote: VituVingiSana wrote: mwekez@ji wrote: Kenya Airways is considering starting a fuel procurement company to cut on fuel costs (which was the biggest cost) and are in talks with relevant government arms. Maybe they should just buy KK And combine the losses from hedges? 2 for 1 deal for the folks who sell them hedges! KQ has made gains from hedging in the last 2 financial years. But these guys need to concentrate on travel first before they think of anything else I would like to see the detail as presented in GAAP Accounting that includes the premium/s paid. When you hedge [depending on the hedge] you may pay a premium [upfrot fee] so the break-even comes when the gain equals the premium paid. Not to mention the premium has to be financed. KQ enters into hedge contracts with financial institutions, to fix the price at which fuel will be bought in the future. Fuel prices are volatile, and the hedging gives a limit of exposure. If the market prices go below the hedge price, KQ pays the difference to the contracted financial institution. If the price shoots above the hedge price, KQ is paid the difference. As to predicting if the price will be higher or lower, that needs an expert who is not only an accountant but a strategist who can read the geopolitics of the day. I dont know of an upfront fee...what i understand is you negotiate a price let say to buy jetfuel at 90 if it shoots to 100 the fin company gets to blow, if it melts to 80 Kq suffers the blow...simply put, its a gamble When you have a strike price, you may need to pay a premium to enter into the contract. There are negotiating fees, advisory fees, etc. Also we use the term 'hedges' but are they forwards, futures, swaps, etc? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		\|
User Profile

24 Pages«<7891011>»

Wazua » Investor » Stocks » Kenya Airways FY 2012/13 after tax loss of 7.8bn

Forum Jump

You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Watch this topic
Print this topic

Normal
Threaded