The strong gusts when a plane tumbles from the sky (take that in the chin sage @obiero )

What is there to say, just bad numbers:

• H1 2014 Turnover 56.788b Half Year Loss after Tax 10.451b versus +384m
• Gross profit comes to 6.8B compared to last year's 11.1B
• Borrowings and Financial lease obligations 95.024b versus 50.120b
• Cash and cash equivalent at the end of this half year stands at 4.5M (versus 11bn a year ago)

Some excuses


Bad picture in full https://www.nse.co.ke/listed-com...-ended-30-september-2014
And a profit warning announcement to boot https://www.nse.co.ke/listed-com...fit-warning-announcement

And this guys were refusing wetangulas air fare.

This must be some kind of a Record.....The Heading tomorrow might cause this stock to crash.

KQ results

Westgate attack... Fire at JKIA... Increased terrorist threats... General Insecurity in KE.. Travel Advisories.. Hon Moses Wetangula's failure to produce photo proof of himself... Prophet Dr Kanyari etc. Reasons for KSH 12.5Billion in losses.

However all these did not hinder 33% increase of Top Executives salary packs.
It is really hard work to make losses in billions in this country. O.o

This is very interesting... Delta went for cheaper, older planes than the pricey, newer planes. And Delta is profitable. KQ's partner KLM/AF made huge losses. It is true about they say about the company you keep... KQ needs to change the Board, the Management and the Strategic Investor!

leave GK firms to GK. I'm sure it's only a matter of time before the skeletons come out of how cash was siphoned like mms. and I highly doubt that profit of last year now... numbers don't lie.

some wazua wise men had serious queries about project mawingu, right now, what they feared is coming true

@Ericsson. precisely. I also find kengen and kplc exposing (unecessarily) themselves with debt for that high capacity when a lesser gradual growth with less debt would suffice. the motives behind these actions bearing in mind the top shareholder is pretty obvious

you tell me. if significant then safaricom could be a special case!

@Boris Boyka,Aguytrying
Safaricom gava has a bigger shareholding than in KQ i.e 35% while in KQ its 29%.
Safaricom is a special case in that under the deal they signed with gava;vodafone will be the ones managing and appointing the CEO,CFO and CTO.
So gava's work is to sit aside and enjoy the dividends.They are not to interefere with the management.

If you wanted to set up a factory and the power is not enough in the country would u wait years for the country to set up the power or will u go to where there is enough power? Dreamliners we bought since they are cheaper to manage and it gives them a chance to expand their routes and be at par with competitor Ethiopian Airlines, you cant compete without the tools....tools first then compete...just like fibre internet, we still dont use most of the capacity and there were very few smartphones at the time of set up, look at the situation now, 150% growth in consumption year on year....cheap power will be same, more industries, more businesses