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Kenya Airways FY 2014 loss of 4.8bn!!!
Akenyan2014
#121 Posted : Friday, July 11, 2014 2:32:24 PM
Rank: Member

Joined: 5/6/2014
Posts: 268
Location: Nairobi, Kenya
maka wrote:
Pesa Nane wrote:
Hogwash or ???

Money they don't have and can't afford to pay.


This was so much expected, and there must have been provision for that.
ZZE123
#122 Posted : Friday, July 11, 2014 3:23:42 PM
Rank: Elder

Joined: 6/21/2008
Posts: 2,490
Akenyan2014 wrote:
maka wrote:
Pesa Nane wrote:
Hogwash or ???

Money they don't have and can't afford to pay.


This was so much expected, and there must have been provision for that.


Am thinking this is good for KQ and bad for the staff who were fighting to be reinstated!
The man who marries a beautiful woman, and the farmer who grows corn by the roadside have the same problem
mlennyma
#123 Posted : Friday, July 11, 2014 4:50:20 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
The boeing will land and crush,no mercy even they are in the loss territory and i hope that is the highiest court without appeal.
"Don't let the fear of losing be greater than the excitement of winning."
maka
#124 Posted : Friday, July 11, 2014 6:55:17 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
mlennyma wrote:
The boeing will land and crush,no mercy even they are in the loss territory and i hope that is the highiest court without appeal.


No appeal...
possunt quia posse videntur
Akenyan2014
#125 Posted : Friday, July 11, 2014 7:45:16 PM
Rank: Member

Joined: 5/6/2014
Posts: 268
Location: Nairobi, Kenya
mlennyma wrote:
The boeing will land and crush,no mercy even they are in the loss territory and i hope that is the highiest court without appeal.


You put it to sound as if the news makes you feel good d'oh! Tyre burst can never be confused for a crash or even crash landing d'oh!

The only difference is the upward adjusted compensation for former staff affected(Most of us feel sorry for those who lost their livelihood though). Even if it goes to 1.5bn, that is insignificant compared to an annual budget of >100Bn.

Effect: Change of tyre will only delay but not cancel the take off.
murchr
#126 Posted : Saturday, July 12, 2014 4:15:03 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
KQ is not for those in the market in the short haul. If your time-span is 1yr please wachia Obiero hii. Ok now to the news.

Quote:
An air ticket to fly Kenya Airways from Uganda’s Entebbe airport to Jomo Kenyatta in Nairobi has become the hottest selling item in the region. This disarray in the aviation industry comes three weeks after the suspension of Air Uganda – the other alternative airline on the 45-minute route. Ticket prices for Kenya Airways (KQ) have shot up to between $500 and $1,500, more than twice the previous amount, according to Kelley Mac Tavish, the executive director, Pearl of Africa Tours and Travel.

This has made the Entebbe – Nairobi flight probably the most expensive shortest flight route in the world, with KQ exploiting the gap by increasing its flights out of Entebbe to seven, from five every day.


That fare hike is just unfair unethical and in very bad taste if its true. But I guess Entebbe has increased their fees as well

@VVS by the way the meals have greatly improved smile
"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
.
Tall Order
#127 Posted : Saturday, July 12, 2014 5:50:36 AM
Rank: Member

Joined: 5/9/2014
Posts: 130
Location: Nairobi
Why hike the fares by that much, it's totally unfair and just goes to show us how bad that animal known as 'monopoly' can be, given a chance.

On the other hand, I hope the shareholders benefit too, or at worst it helps KQ reduce their debts.
guru267
#128 Posted : Saturday, July 12, 2014 6:39:49 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Tall Order wrote:
Why hike the fares by that much, it's totally unfair and just goes to show us how bad that animal known as 'monopoly' can be, given a chance.

On the other hand, I hope the shareholders benefit too, or at worst it helps KQ reduce their debts.


This company is just digging its own grave..

I would rather use Rwandair to go from Entebbe to JKIA even if it takes 3 hours!

Useless useless useless company!
Mark 12:29
Deuteronomy 4:16
VituVingiSana
#129 Posted : Saturday, July 12, 2014 7:07:17 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
@murchr - Is that biz class or economy? Looks like biz class to me.

There is substantial space between your tray & the seat/cabinet/footrest in front of you.
There is a tablecloth, silverware and butter in a bowl.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Mucene
#130 Posted : Saturday, July 12, 2014 10:02:14 AM
Rank: Member

Joined: 8/4/2012
Posts: 155
Location: Kenya
maka wrote:
mlennyma wrote:
The boeing will land and crush,no mercy even they are in the loss territory and i hope that is the highiest court without appeal.


No appeal...


BD talks of the Appeals court not the Supreme court

"Kenya Airways’ bid to tame its wage bill was bolstered Friday after the Appeals Court overturned a judgement that had reinstated 447 employees."

http://www.businessdaily.../-/112rqgcz/-/index.html
If you don't want to go to plan B have a good plan A.
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