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Kenya Airways...why ignore..
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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obiero wrote:maka wrote:Jitahidi wrote:maka wrote:Paul Kasimu back as HR director ... Evidence? I am so sorry I stand corrected he has gone to Scom... Whitecap mingi... Apology accepted  possunt quia posse videntur
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Those who are riding inside are greatly terrified only that ni kujikaza tu! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 6/23/2009 Posts: 14,297 Location: nairobi
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A decent set of results considering the circumstances.. We now await the big announcement mid next month COOP, IMH, KEGN, KQ, MTNU
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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obiero wrote:A decent set of results considering the circumstances.. We now await the big announcement mid next month I told you long ago that the loss is 10billion. Ngunze has been overseeing a massive rot in this Company. I am very relieved that he is exiting and a very strong manager taking over. Whoever appointed Ngunze to that position made a very big mistake. It will take sometime to fully put this Airline back on track. No competitive advantage at it's disposal anymore.
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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By the way with the reduction of the loss, there is no impact at all. KQ is even now in a worse state considering the fact that key assets that could have been used to generate income in the near future were offloaded, some at throw away prices.
The reduction in the loss was only occassioned by the cosmetic changes i.e. unsustainable cost cutting measures rather than addressing the underlying problems.
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Rank: Elder Joined: 6/23/2009 Posts: 14,297 Location: nairobi
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ArrestedDev wrote:By the way with the reduction of the loss, there is no impact at all. KQ is even now in a worse state considering the fact that key assets that could have been used to generate income in the near future were offloaded, some at throw away prices.
The reduction in the loss was only occassioned by the cosmetic changes i.e. unsustainable cost cutting measures rather than addressing the underlying problems. What you have written is emotional COOP, IMH, KEGN, KQ, MTNU
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Rank: Veteran Joined: 4/4/2016 Posts: 2,019 Location: Kitale
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ArrestedDev wrote:By the way with the reduction of the loss, there is no impact at all. KQ is even now in a worse state considering the fact that key assets that could have been used to generate income in the near future were offloaded, some at throw away prices.
The reduction in the loss was only occassioned by the cosmetic changes i.e. unsustainable cost cutting measures rather than addressing the underlying problems. On the contrary,these results are good.Its not just the asset sale only,there has been efficient measures taken to curb spiralling expenditure.The corruption loopholes has been addressed.All these due to effect of Michael Joseph.What is needed now is some cash injection and the airline will be back into profitability immediately. Towards the goal of financial freedom
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Rank: Elder Joined: 6/23/2009 Posts: 14,297 Location: nairobi
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Ebenyo wrote:ArrestedDev wrote:By the way with the reduction of the loss, there is no impact at all. KQ is even now in a worse state considering the fact that key assets that could have been used to generate income in the near future were offloaded, some at throw away prices.
The reduction in the loss was only occassioned by the cosmetic changes i.e. unsustainable cost cutting measures rather than addressing the underlying problems. On the contrary,these results are good.Its not just the asset sale only,there has been efficient measures taken to curb spiralling expenditure.The corruption loopholes has been addressed.All these due to effect of Michael Joseph.What is needed now is some cash injection and the airline will be back into profitability immediately. Indeed. I would not be surprised by a H1 profit. No one here was expecting a profit for the full year.. Maybe @spikes only COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Ebenyo wrote:ArrestedDev wrote:By the way with the reduction of the loss, there is no impact at all. KQ is even now in a worse state considering the fact that key assets that could have been used to generate income in the near future were offloaded, some at throw away prices.
The reduction in the loss was only occassioned by the cosmetic changes i.e. unsustainable cost cutting measures rather than addressing the underlying problems. On the contrary,these results are good.Its not just the asset sale only,there has been efficient measures taken to curb spiralling expenditure.The corruption loopholes has been addressed.All these due to effect of Michael Joseph.What is needed now is some cash injection and the airline will be back into profitability immediately. Even before MJ initiatives were ongoing and the successful guys have been awarded trips to some of the KQ destinations...Probably his full impact will be felt this year... possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 14,297 Location: nairobi
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 The devil lies in the turnover narrative. Otherwise, quite decent results. The market has already responded appropriately.. No panic COOP, IMH, KEGN, KQ, MTNU
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