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Kenya Airways FY 2014 loss of 4.8bn!!!
VituVingiSana
#1 Posted : Wednesday, June 25, 2014 8:31:26 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Another day. Another loss. @obiero kuji-enjoy...
Selling out at a loss was one of the best investing decisions I have ever made...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#2 Posted : Wednesday, June 25, 2014 8:52:44 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Loss Before Tax of KShs 4,861,000,000 ... No idea about Loss After Tax. KQ is being sketchy with the info!

*Take off? More like a crash landing*
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Impunity
#3 Posted : Wednesday, June 25, 2014 8:53:52 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

Goldilocks Reloaded
#4 Posted : Wednesday, June 25, 2014 8:54:13 AM
Rank: Member

Joined: 1/14/2014
Posts: 178
If the results are "worser" than the news of Mbuvi then it will be cabin crew prepare for landing.
Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
muganda
#5 Posted : Wednesday, June 25, 2014 9:35:08 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Boris Boyka
#6 Posted : Wednesday, June 25, 2014 9:39:52 AM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
VituVingiSana wrote:
Loss Before Tax of KShs 4,861,000,000 ... No idea about Loss After Tax. KQ is being sketchy with the info!

*Take off? More like a crash landing*

@VVS do you mean @obiero's results of 5B in a week turned to -5B??? tuko ndani wacha we burn fingers and bones when the bird flies we shall buy artificial ones. STEEL BALLS we have.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
ProverB
#7 Posted : Wednesday, June 25, 2014 9:51:00 AM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
I still maintain Titus Naikuni ought to have been relieved of his duties as CEO in 2008! The first time it emerged that staff was blotted..overheads were largely employee related and passengers were being charged below cost of transit. It took him 5 years to admit operating margins were untenable. FIVE FREAKING YEARS!
..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
Sufficiently Philanga....thropic
#8 Posted : Wednesday, June 25, 2014 9:51:42 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
VituVingiSana wrote:
Loss Before Tax of KShs 4,861,000,000 ... No idea about Loss After Tax. KQ is being sketchy with the info!

*Take off? More like a crash landing*


Quite sad given H1 saw a PBT of 548M.
So wanjiku will live to fight another daySad
@SufficientlyP
ProverB
#9 Posted : Wednesday, June 25, 2014 9:59:45 AM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
And all along we were "celebrating" new planes..new routes..passenger numbers and crap about "leading brand" .. LOL! I laugh because it's too sad to cry.
..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
Impunity
#10 Posted : Wednesday, June 25, 2014 10:04:13 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
smile smile smile
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

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