obiero wrote:Impunity wrote:snipermnoma wrote:A loss was on the cards but surely not this huge! For those holding KQ this must be so brutally painful.
May be this is some kind of "book value" loss, its not actual cheda lost..25B is too much to be a loss for the company of that size.
Wacha tungoje arm chair analyst waendelee kuanlayze numbers. Numbers though may lie.
No. Most of it isnt 'book value' loss. Its actual money lost on the overhead as well as fleet costs. Only the unrealised loss of 5b from hedging can be said as 'paper loss'.. Miujiza haya. No wonder DJCK called it bullshit in the media briefing
If you remove the 5B "paper loss" due hedging, we still have 20B loss...how can a company making revenue upwards of 110B and spending 130B expected to survive and recover?
What areas can be done away with or tighten to loosen up some cash?
Can they return say 50% of those bland (yes, bland) new planes, pay the fines and save on rent?
Also may be ask pilots to accelerates the aircraft very fast for the first half of the journey high up then let the bird "free-wheel" to the final destination, this will save much fuel!
But I am a layman.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.