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Kenya Airways...why ignore..
Rank: Veteran Joined: 7/1/2014 Posts: 906 Location: sky
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https://www.businessdailyafrica.com/economy/MPs-retreat-to-Mombasa-to-pen-JKIA-takeover-report/3946234-5087622-dfkj7q/index.htmlThe committee chairman David Pkosing (Pokot South) told the Nation that they have 11 proposals from various stakeholders that appeared before them last week which they will consider and harmonise. βThis is a matter of national importance and that is why my committee gave all stakeholders an opportunity to present their views and solutions on how best to help Kenya Airways,β Mr Pkosing said. Mr Pkosing said that all stakeholders who appeared before them were in agreement that the national carrier must be salvaged in wake of its dwindling fortunes but they all differed on how to do it. There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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VituVingiSana wrote:nairobby wrote:maka wrote:nairobby wrote:kayhara wrote:Has the Guangzhou kq flight ever left on time both ways? They should just move the flight to morning from nairobi and 3 am from CAN, otherwise I don't see what business they are doing, personally I will avoid it unless it's the only airline flying a certain route. I've noticed when that flight has delays its usually kitu 8 hours which I can't even understand because this is the only 787 route that gets this kind of delays. Wanted to use KQ to Bangkok but I had to avoid because of this. Yeah when that route has a delay it's usually long hours coz at times even after let's say the plane has been sorted if its a tech the issue of duty time comes into play... Its last year that guys were stuck for a few days after the plane had an issue... Still so weird. CDG flight departs around the same time and they've never had such a delay. Perhaps that is given NBO-CDG has a large % of transit passengers. There may be a penalty associated with missed flights for delayed passengers. KQ's codeshare partners would have to accommodate the transit passengers on different flights and perhaps provide accommodation and meals. This could be billed to the carrier that caused the delay. Huko EU you can't play around with this matters... There is some mzungu suing KQ/wrote to COFEK etc missed his connection... ION... 8 STATE bodies including Kenya Power, KQ and KPA risk losing assets if Sh147.7bn external debt is not paid, Parliamentary Budget Office says. https://t.co/8VQbFRnH2Bpossunt quia posse videntur
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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maka wrote:VituVingiSana wrote:nairobby wrote:maka wrote:nairobby wrote:[quote=kayhara]Has the Guangzhou kq flight ever left on time both ways? They should just move the flight to morning from nairobi and 3 am from CAN, otherwise I don't see what business they are doing, personally I will avoid it unless it's the only airline flying a certain route. I've noticed when that flight has delays its usually kitu 8 hours which I can't even understand because this is the only 787 route that gets this kind of delays. Wanted to use KQ to Bangkok but I had to avoid because of this. Yeah when that route has a delay it's usually long hours coz at times even after let's say the plane has been sorted if its a tech the issue of duty time comes into play... Its last year that guys were stuck for a few days after the plane had an issue... Still so weird. CDG flight departs around the same time and they've never had such a delay. Perhaps that is given NBO-CDG has a large % of transit passengers. There may be a penalty associated with missed flights for delayed passengers. KQ's codeshare partners would have to accommodate the transit passengers on different flights and perhaps provide accommodation and meals. This could be billed to the carrier that caused the delay. Huko EU you can't play around with this matters... There is some mzungu suing KQ/wrote to COFEK etc missed his connection... ION... 8 STATE bodies including Kenya Power, KQ and KPA risk losing assets if Sh147.7bn external debt is not paid, Parliamentary Budget Office says. https://t.co/8VQbFRnH2B[/quote] The effects of double digit economic growth rates Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,131 Location: Nairobi
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Silverstone sets May date for launch of Eldoret flights https://www.businessdail...88404-c7v8ysz/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,563 Location: nairobi
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Fungua thread ya Silverstone please. Here we are awaiting KQ full year results. Unfortunately they have taken down all past financials from their website.. This Mikosz guy seems somewhat queer COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,563 Location: nairobi
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VituVingiSana wrote:Zichi wrote:VituVingiSana wrote:I am critical of the pilots/KALPA. KAWU too.
They want all the benefits without the pain.
I still say that "Old KQ" should be put into administration. Form "New KQ" and give it to the creditors. Let New KQ choose what assets it wants. What staff it wants. New negotiations on wages/remuneration. Only debt that New KQ should take on would be asset related eg a plane under a SPV given the plane and its loan are inter-linked.
Ditch toxic assets and staff. Let the staff also take a significant ownership stake in New KQ over time.
Currently, KALPA and KAWU are bloodsuckers. They are bleeding the taxpayer dry. The problem with KQ has always been the senior management. These Unions you are bashing have always been on the side of the taxpayer. From the first time project Mawingu was announced who do you think waa the first to oppose it and point out its loopholes? KALPA. But the likes of Naikuni went ahead and this almost collapsed KQ. Ethiopian copied project Mawingu but did a steady growth, staggered aircraft orders, didn't take kickbacks and now they are the biggest in Africa. Who do you think called out the improper practices in various departments? When Ghana offered KQ permission for them to position two aircraft to seeve the Wesr African circuit, who refused? When Nigeria had no qualms with KQ flying the Nigerian direct from Dubai and China to Lagos, who refused? Who run down a profitable cargo section so that another company can grow in its place? Kalpa? KAWU? Before blaming the Unions as bloodsuckers, you should aak around any crew you know the last time they went on leave. Ask the crew planners how many times they have to call people from their day offs. Go to KCAA and ask how many hours the crew, the ground staff are working in a year as opposed to maximum. The truth is that the management has always and will always use pay as an execuse for their failings. When the likes of Naikuni sponsored the formation of CDL as a tool to reduce Cabin crew costs, look at how the onboard servixe levels deteriorated, ask how much was saved from the reduction of the pay-close to nothing. Kenya is a liberalised economy. You can't expect the staff to be paid the same as what Ethiopian pays. You can't survive with that kind of money in Kenya in this kind of job that can not allow you to run a proper side business. And mind you, when kq staff when they go to work there get paid as expatriates far better than what KQ is paying. Even Rwanda air is paying expatriates better than what KQ pays-lets not talk about Emirates and Qatar-those are in another league. For pilots, benefits aside, even Jambojet is paying their Q400 pilots better than what entry level guys at Embraer are being paidKQ needs to grow to make money. Execuses by management will not help. The government needs to decide whether it wants KQ to be private or fully owned. If they want to close it and start a new airline, fine. If they close it kabisa, that's fine also. Life will go on. Jet Airways finally collapsed yesterday with 20000 employees out of work, watakufa? 1) If it is liberalized then nothing stops KQ's staff from quitting if they feel they are under-paid. 2) KQ doesn't owe anyone a livelihood. There are millions of Kenyan taxpayers in jobs that remunerate less than KQ. 3) Then move to Rwanda/Qatar/Emirates. 4) There's value for experience. Newbies cost money to train. Move to JJ if it pays better. If they want to close it and start a new airline, fine. If they close it kabisa, that's fine also. I agree 100%. I believe the "New KQ" should have a strong ownership representation by labor. Let them own the capital too. Not for free but earned. Plus allow competition from other (local) airlines so everyone stays on their toes. The customer should be king. Help is on the way https://www.nation.co.ke...87192-o719i8z/index.html COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,131 Location: Nairobi
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obiero wrote:Fungua thread ya Silverstone please. Here we are awaiting KQ full year results. Unfortunately they have taken down all past financials from their website.. This Mikosz guy seems somewhat queer Don't be afraid of the competition. It is good for consumers. I wish Silverstone the best. I hope they keep on growing in a tough environment so more Kenyans can see more of the country. My best wishes go to other including Skyward among others including JJ and KQ. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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HaMaina wrote:obiero wrote:maka wrote:obiero wrote:Ericsson wrote:Full Year 2018 Results when are they being released? I also need to know Tihihihi.... π Only 3 days left for compulsory results release. Hopefully we will not require CMA intervention 3 working days or 3 Days ? Whatever the number of days there is zero activity regarding this announcements....Nothing happening I am seeing them seek an extension... Anyway the results are terrible. possunt quia posse videntur
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Rank: Chief Joined: 1/3/2007 Posts: 18,131 Location: Nairobi
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maka wrote:HaMaina wrote:obiero wrote:maka wrote:obiero wrote:Ericsson wrote:Full Year 2018 Results when are they being released? I also need to know Tihihihi.... π Only 3 days left for compulsory results release. Hopefully we will not require CMA intervention 3 working days or 3 Days ? Whatever the number of days there is zero activity regarding this announcements....Nothing happening I am seeing them seek an extension... Anyway the results are terrible. How bad is it likely to be? A Loss Before Tax of: 1bn? 5bn? 7bn? 10bn? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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VituVingiSana wrote:maka wrote:HaMaina wrote:obiero wrote:maka wrote:obiero wrote:Ericsson wrote:Full Year 2018 Results when are they being released? I also need to know Tihihihi.... π Only 3 days left for compulsory results release. Hopefully we will not require CMA intervention 3 working days or 3 Days ? Whatever the number of days there is zero activity regarding this announcements....Nothing happening I am seeing them seek an extension... Anyway the results are terrible. How bad is it likely to be? A Loss Before Tax of: 1bn? 5bn? 7bn? 10bn? π€π€π€π€π€ 8Bn.... possunt quia posse videntur
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Rank: Chief Joined: 1/3/2007 Posts: 18,131 Location: Nairobi
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maka wrote:VituVingiSana wrote:maka wrote:HaMaina wrote:obiero wrote:maka wrote:obiero wrote:Ericsson wrote:Full Year 2018 Results when are they being released? I also need to know Tihihihi.... π Only 3 days left for compulsory results release. Hopefully we will not require CMA intervention 3 working days or 3 Days ? Whatever the number of days there is zero activity regarding this announcements....Nothing happening I am seeing them seek an extension... Anyway the results are terrible. How bad is it likely to be? A Loss Before Tax of: 1bn? 5bn? 7bn? 10bn? π€π€π€π€π€ 8Bn.... Wow! It seems taxpayers and KQLC will be asked to come up with more money! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,563 Location: nairobi
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VituVingiSana wrote:maka wrote:VituVingiSana wrote:maka wrote:HaMaina wrote:obiero wrote:maka wrote:obiero wrote:Ericsson wrote:Full Year 2018 Results when are they being released? I also need to know Tihihihi.... π Only 3 days left for compulsory results release. Hopefully we will not require CMA intervention 3 working days or 3 Days ? Whatever the number of days there is zero activity regarding this announcements....Nothing happening I am seeing them seek an extension... Anyway the results are terrible. How bad is it likely to be? A Loss Before Tax of: 1bn? 5bn? 7bn? 10bn? π€π€π€π€π€ 8Bn.... Wow! It seems taxpayers and KQLC will be asked to come up with more money! Don't listen to that guy. It won't be that bad. 5.6B max COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 3/20/2008 Posts: 503
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obiero wrote:VituVingiSana wrote:maka wrote:VituVingiSana wrote:maka wrote:HaMaina wrote:obiero wrote:maka wrote:obiero wrote:Ericsson wrote:Full Year 2018 Results when are they being released? I also need to know Tihihihi.... π Only 3 days left for compulsory results release. Hopefully we will not require CMA intervention 3 working days or 3 Days ? Whatever the number of days there is zero activity regarding this announcements....Nothing happening I am seeing them seek an extension... Anyway the results are terrible. How bad is it likely to be? A Loss Before Tax of: 1bn? 5bn? 7bn? 10bn? π€π€π€π€π€ 8Bn.... Wow! It seems taxpayers and KQLC will be asked to come up with more money! Don't listen to that guy. It won't be that bad. 5.6B max U sound like 5.6bn loss is good
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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xxxxx wrote:obiero wrote:VituVingiSana wrote:maka wrote:VituVingiSana wrote:maka wrote:HaMaina wrote:obiero wrote:maka wrote:obiero wrote:Ericsson wrote:Full Year 2018 Results when are they being released? I also need to know Tihihihi.... π Only 3 days left for compulsory results release. Hopefully we will not require CMA intervention 3 working days or 3 Days ? Whatever the number of days there is zero activity regarding this announcements....Nothing happening I am seeing them seek an extension... Anyway the results are terrible. How bad is it likely to be? A Loss Before Tax of: 1bn? 5bn? 7bn? 10bn? π€π€π€π€π€ 8Bn.... Wow! It seems taxpayers and KQLC will be asked to come up with more money! Don't listen to that guy. It won't be that bad. 5.6B max U sound like 5.6bn loss is good They are waiting to see if the airport deal is in their favour or not. The results are bad, Mikosz already confirmed long ago. Even if the operating profit went up slightly, finance costs will eat up everything.
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Rank: Elder Joined: 6/23/2009 Posts: 13,563 Location: nairobi
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ArrestedDev wrote:xxxxx wrote:obiero wrote:VituVingiSana wrote:maka wrote:VituVingiSana wrote:maka wrote:HaMaina wrote:obiero wrote:maka wrote:obiero wrote:Ericsson wrote:Full Year 2018 Results when are they being released? I also need to know Tihihihi.... π Only 3 days left for compulsory results release. Hopefully we will not require CMA intervention 3 working days or 3 Days ? Whatever the number of days there is zero activity regarding this announcements....Nothing happening I am seeing them seek an extension... Anyway the results are terrible. How bad is it likely to be? A Loss Before Tax of: 1bn? 5bn? 7bn? 10bn? π€π€π€π€π€ 8Bn.... Wow! It seems taxpayers and KQLC will be asked to come up with more money! Don't listen to that guy. It won't be that bad. 5.6B max U sound like 5.6bn loss is good They are waiting to see if the airport deal is in their favour or not. The results are bad, Mikosz already confirmed long ago. Even if the operating profit went up slightly, finance costs will eat up everything. It's obvious that they are winging it with the Pkosing report but of what benefit will it be.. They should just release the bloody results. And yes KES 5.6B loss is respectable considering circumstances COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,131 Location: Nairobi
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obiero wrote:ArrestedDev wrote:xxxxx wrote:obiero wrote:VituVingiSana wrote:maka wrote:VituVingiSana wrote:maka wrote:HaMaina wrote:obiero wrote:maka wrote:obiero wrote:Ericsson wrote:Full Year 2018 Results when are they being released? I also need to know Tihihihi.... π Only 3 days left for compulsory results release. Hopefully we will not require CMA intervention 3 working days or 3 Days ? Whatever the number of days there is zero activity regarding this announcements....Nothing happening I am seeing them seek an extension... Anyway the results are terrible. How bad is it likely to be? A Loss Before Tax of: 1bn? 5bn? 7bn? 10bn? π€π€π€π€π€ 8Bn.... Wow! It seems taxpayers and KQLC will be asked to come up with more money! Don't listen to that guy. It won't be that bad. 5.6B max U sound like 5.6bn loss is good They are waiting to see if the airport deal is in their favour or not. The results are bad, Mikosz already confirmed long ago. Even if the operating profit went up slightly, finance costs will eat up everything. It's obvious that they are winging it with the Pkosing report but of what benefit will it be.. They should just release the bloody results. And yes KES 5.6B loss is respectable considering circumstances When one of my investees shows a reduction in PROFITS, not a loss, you start doing the death dance. A 5.6bn loss is shameful. This firm needs to be euthanized. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,563 Location: nairobi
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VituVingiSana wrote:obiero wrote:ArrestedDev wrote:xxxxx wrote:obiero wrote:VituVingiSana wrote:maka wrote:VituVingiSana wrote:maka wrote:HaMaina wrote:obiero wrote:maka wrote:obiero wrote:Ericsson wrote:Full Year 2018 Results when are they being released? I also need to know Tihihihi.... π Only 3 days left for compulsory results release. Hopefully we will not require CMA intervention 3 working days or 3 Days ? Whatever the number of days there is zero activity regarding this announcements....Nothing happening I am seeing them seek an extension... Anyway the results are terrible. How bad is it likely to be? A Loss Before Tax of: 1bn? 5bn? 7bn? 10bn? π€π€π€π€π€ 8Bn.... Wow! It seems taxpayers and KQLC will be asked to come up with more money! Don't listen to that guy. It won't be that bad. 5.6B max U sound like 5.6bn loss is good They are waiting to see if the airport deal is in their favour or not. The results are bad, Mikosz already confirmed long ago. Even if the operating profit went up slightly, finance costs will eat up everything. It's obvious that they are winging it with the Pkosing report but of what benefit will it be.. They should just release the bloody results. And yes KES 5.6B loss is respectable considering circumstances When one of my investees shows a reduction in PROFITS, not a loss, you start doing the death dance. A 5.6bn loss is shameful. This firm needs to be euthanized. Once KQ obtains JKIA, you will smell the coffee COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,131 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:ArrestedDev wrote:xxxxx wrote:obiero wrote:VituVingiSana wrote:maka wrote:VituVingiSana wrote:maka wrote:HaMaina wrote:obiero wrote:maka wrote:obiero wrote:Ericsson wrote:Full Year 2018 Results when are they being released? I also need to know Tihihihi.... π Only 3 days left for compulsory results release. Hopefully we will not require CMA intervention 3 working days or 3 Days ? Whatever the number of days there is zero activity regarding this announcements....Nothing happening I am seeing them seek an extension... Anyway the results are terrible. How bad is it likely to be? A Loss Before Tax of: 1bn? 5bn? 7bn? 10bn? π€π€π€π€π€ 8Bn.... Wow! It seems taxpayers and KQLC will be asked to come up with more money! Don't listen to that guy. It won't be that bad. 5.6B max U sound like 5.6bn loss is good They are waiting to see if the airport deal is in their favour or not. The results are bad, Mikosz already confirmed long ago. Even if the operating profit went up slightly, finance costs will eat up everything. It's obvious that they are winging it with the Pkosing report but of what benefit will it be.. They should just release the bloody results. And yes KES 5.6B loss is respectable considering circumstances When one of my investees shows a reduction in PROFITS, not a loss, you start doing the death dance. A 5.6bn loss is shameful. This firm needs to be euthanized. Once KQ obtains JKIA, you will smell the coffee I do want KQ to succeed. I do. I have 1/50,000,000 share + a bigger % via KQLC. BUT I do not think KQ + JKIA will rescue KQ any time soon. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Scandinavian airline SAS has cancelled hundreds of flights globally leaving thousands of passengers stranded after pilots in Norway, Sweden and Denmark went on strike. SAS said 673 flights would be cancelled on Friday affecting 72,000 passengers. It said it was "deeply regretful" about the negative impact on customers. possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 13,563 Location: nairobi
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maka wrote:Scandinavian airline SAS has cancelled hundreds of flights globally leaving thousands of passengers stranded after pilots in Norway, Sweden and Denmark went on strike. SAS said 673 flights would be cancelled on Friday affecting 72,000 passengers. It said it was "deeply regretful" about the negative impact on customers. These airline employees are just greedy pigs, generally speaking COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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