I think we know how the passanger numbers look like. One one side kenya tourism board side that tourism was up 18% . One the otherside i hope the ash problem willnt affect KQ passanger numbers. So i also expect gud numbers.

despite these despicable results, the market has treated KQ with kid gloves over the years since 2003, I expect a sell off followed quickly by rapid restocking and upward traction

Compare Apples to Apples:

Operating Results: 1H was 162mn & 2H was 1.84bn (11x) so 2H was very good for them.

I am ignoring fuel hedges for now... there is much more to that...

If KQ can pull off a similar Operating Performance (1H 2009 had strikes which affected ENTIRE network of KQ whereas Ash cloud affected only Europe) in 1H 2010 then there are good tidings.

The results are NOT as good as I expected (& I am a little disappointed) but compared to many other airlines KQ has done well... so will it gain traction in 2010?

@VVS 2010 looks good but be worried of oil prices...i think they will hit 90-100 bob/barrel as the global economy recovers...theyre lauching 7 new routes i.e Luanda,Jeddah and Rome...i think mngmnt need to reduce those salaries and allowances theyre costly..

@thedeal - Which 7 new destinations in 2010?

Juba (Announced)
Muscat (Announced)

Jeddah (You mentioned)
Rome (You mentioned)
Luanda (You mentioned)

Which others?