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Kenya Airways...why ignore..
Rank: Elder Joined: 6/23/2009 Posts: 13,563 Location: nairobi
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Tomorrow all is revealed on the turnaround journey.. Any loss higher than 7B and I will consider myself sunk! But my prediction sticks at a loss before tax sum of KES 5.8B
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:Tomorrow all is revealed on the turnaround journey.. Any loss higher than 7B and I will consider myself sunk! But my prediction sticks at a loss before tax sum of KES 5.8B Is that 5.8bn pre-tax loss? Or a post-tax loss? Is the 7bn a pre-tax or Loss after tax? 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:Tomorrow all is revealed on the turnaround journey.. Any loss higher than 7B and I will consider myself sunk! But my prediction sticks at a loss before tax sum of KES 5.8B Is that 5.8bn pre-tax loss? Or a post-tax loss? Is the 7bn a pre-tax or Loss after tax? Loss before tax is the same as pre tax loss.. Meanwhile reports just in, show that a duty manager, one pilot and a flight engineer have this morning been arrested over a delayed flight scheme where they receive 'commission' from an infamous hotel based near Wilson Airport
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:Tomorrow all is revealed on the turnaround journey.. Any loss higher than 7B and I will consider myself sunk! But my prediction sticks at a loss before tax sum of KES 5.8B Is that 5.8bn pre-tax loss? Or a post-tax loss? Is the 7bn a pre-tax or Loss after tax? Loss before tax is the same as pre tax loss.. Meanwhile reports just in, show that a duty manager, one pilot and a flight engineer have this morning been arrested over a delayed flight scheme where they receive 'commission' from an infamous hotel based near Wilson Airport What will you do if the Loss Before Tax exceeds 5.8bn? 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:VituVingiSana wrote:obiero wrote:Tomorrow all is revealed on the turnaround journey.. Any loss higher than 7B and I will consider myself sunk! But my prediction sticks at a loss before tax sum of KES 5.8B Is that 5.8bn pre-tax loss? Or a post-tax loss? Is the 7bn a pre-tax or Loss after tax? Loss before tax is the same as pre tax loss.. Meanwhile reports just in, show that a duty manager, one pilot and a flight engineer have this morning been arrested over a delayed flight scheme where they receive 'commission' from an infamous hotel based near Wilson Airport What will you do if the Loss Before Tax exceeds 5.8bn? I will respond later let me first take my welcome juice, I am live at the results breakfast
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: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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obiero wrote:VituVingiSana wrote:obiero wrote:Tomorrow all is revealed on the turnaround journey.. Any loss higher than 7B and I will consider myself sunk! But my prediction sticks at a loss before tax sum of KES 5.8B Is that 5.8bn pre-tax loss? Or a post-tax loss? Is the 7bn a pre-tax or Loss after tax? Loss before tax is the same as pre tax loss.. Meanwhile reports just in, show that a duty manager, one pilot and a flight engineer have this morning been arrested over a delayed flight scheme where they receive 'commission' from an infamous hotel based near Wilson Airport Hehe. Lets the staff also hustle. Mtu anakula pahali ako. 
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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hardwood wrote:obiero wrote:VituVingiSana wrote:obiero wrote:Tomorrow all is revealed on the turnaround journey.. Any loss higher than 7B and I will consider myself sunk! But my prediction sticks at a loss before tax sum of KES 5.8B Is that 5.8bn pre-tax loss? Or a post-tax loss? Is the 7bn a pre-tax or Loss after tax? Loss before tax is the same as pre tax loss.. Meanwhile reports just in, show that a duty manager, one pilot and a flight engineer have this morning been arrested over a delayed flight scheme where they receive 'commission' from an infamous hotel based near Wilson Airport Hehe. Lets the staff also hustle. Mtu anakula pahali ako. Where did you get this story from? Not true at all.... possunt quia posse videntur
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Rank: Member Joined: 5/6/2008 Posts: 199
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Told you Obiero loss will be more than ksh.7bn Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Ericsson wrote:Told you Obiero loss will be more than ksh.7bn He was told by everyone... This year it will be worse we are going back to 10Bn plus.... possunt quia posse videntur
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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The airline attributed the loss to the high cost of fuel, high salaries and fleet ownership cost which account for nearly two thirds of the its operating costs. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Ericsson wrote:The airline attributed the loss to the high cost of fuel, high salaries and fleet ownership cost which account for nearly two thirds of the its operating costs. From the guy who bought a new VX when there was a proper MD car infact he flouted KQ procurement procedures... Stays in a company mansion in Karen... Has a Polish bodyguard earning 1.2m per month plus 2 more from BM... Spends 90% of his time out of the country staying in crazy hotels yet KQ has hotels contracted for staff everywhere... What have I forgotten... Yeah earns the 8m that was stated but coerced finance/payroll guys to lower the figure so that it looks OK during the parliamentary hearing.... The fellow is just a crook. possunt quia posse videntur
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Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya
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maka wrote:Ericsson wrote:The airline attributed the loss to the high cost of fuel, high salaries and fleet ownership cost which account for nearly two thirds of the its operating costs. From the guy who bought a new VX when there was a proper MD car infact he flouted KQ procurement procedures... Stays in a company mansion in Karen... Has a Polish bodyguard earning 1.2m per month plus 2 more from BM... Spends 90% of his time out of the country staying in crazy hotels yet KQ has hotels contracted for staff everywhere... What have I forgotten... Yeah earns the 8m that was stated but coerced finance/payroll guys to lower the figure so that it looks OK during the parliamentary hearing.... The fellow is just a crook. Haha give us a source for all this otherwise you and Alai are no different 
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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nairobby wrote:maka wrote:Ericsson wrote:The airline attributed the loss to the high cost of fuel, high salaries and fleet ownership cost which account for nearly two thirds of the its operating costs. From the guy who bought a new VX when there was a proper MD car infact he flouted KQ procurement procedures... Stays in a company mansion in Karen... Has a Polish bodyguard earning 1.2m per month plus 2 more from BM... Spends 90% of his time out of the country staying in crazy hotels yet KQ has hotels contracted for staff everywhere... What have I forgotten... Yeah earns the 8m that was stated but coerced finance/payroll guys to lower the figure so that it looks OK during the parliamentary hearing.... The fellow is just a crook. Haha give us a source for all this otherwise you and Alai are no different You must be new here right? Just go through the thread and check out my posts... Thats why as a shareholder @Obiero should be asking such questions at the AGM. possunt quia posse videntur
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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maka wrote:nairobby wrote:maka wrote:Ericsson wrote:The airline attributed the loss to the high cost of fuel, high salaries and fleet ownership cost which account for nearly two thirds of the its operating costs. From the guy who bought a new VX when there was a proper MD car infact he flouted KQ procurement procedures... Stays in a company mansion in Karen... Has a Polish bodyguard earning 1.2m per month plus 2 more from BM... Spends 90% of his time out of the country staying in crazy hotels yet KQ has hotels contracted for staff everywhere... What have I forgotten... Yeah earns the 8m that was stated but coerced finance/payroll guys to lower the figure so that it looks OK during the parliamentary hearing.... The fellow is just a crook. Haha give us a source for all this otherwise you and Alai are no different You must be new here right? Just go through the thread and check out my posts... Thats why as a shareholder @Obiero should be asking such questions at the AGM. From a close friend.... They will always attribute the loss to something other than themselves..... Reminds me of Hedgehog Hodgson when he was briefly Liverpool coach. 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:nairobby wrote:maka wrote:Ericsson wrote:The airline attributed the loss to the high cost of fuel, high salaries and fleet ownership cost which account for nearly two thirds of the its operating costs. From the guy who bought a new VX when there was a proper MD car infact he flouted KQ procurement procedures... Stays in a company mansion in Karen... Has a Polish bodyguard earning 1.2m per month plus 2 more from BM... Spends 90% of his time out of the country staying in crazy hotels yet KQ has hotels contracted for staff everywhere... What have I forgotten... Yeah earns the 8m that was stated but coerced finance/payroll guys to lower the figure so that it looks OK during the parliamentary hearing.... The fellow is just a crook. Haha give us a source for all this otherwise you and Alai are no different You must be new here right? Just go through the thread and check out my posts... Thats why as a shareholder @Obiero should be asking such questions at the AGM. I'm only interested in how one can temporarily "lower" a salary to give a false media position
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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hardwood wrote:obiero wrote:VituVingiSana wrote:obiero wrote:Tomorrow all is revealed on the turnaround journey.. Any loss higher than 7B and I will consider myself sunk! But my prediction sticks at a loss before tax sum of KES 5.8B Is that 5.8bn pre-tax loss? Or a post-tax loss? Is the 7bn a pre-tax or Loss after tax? Loss before tax is the same as pre tax loss.. Meanwhile reports just in, show that a duty manager, one pilot and a flight engineer have this morning been arrested over a delayed flight scheme where they receive 'commission' from an infamous hotel based near Wilson Airport Hehe. Lets the staff also hustle. Mtu anakula pahali ako. Tabia mbaya sana https://twitter.com/adri...1122732452244545537?s=21
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: 1/18/2019 Posts: 185 Location: kenya
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The lowering of the salary seems impossible to me. I wouldn't believe it at all.
Increase in revenue is pleasing but those fleet ownership costs are back with a bang. It is clear that expansion is the only way given the improved pax numbers, cargo revenue and cabin factor.
I can see they are back to negative equity as well. Since I wouldn't want taxpayers to foot the bill they should just shut it down. KQ has a high cost structure that may never change, close it and start a new airline.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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obiero wrote:maka wrote:nairobby wrote:maka wrote:Ericsson wrote:The airline attributed the loss to the high cost of fuel, high salaries and fleet ownership cost which account for nearly two thirds of the its operating costs. From the guy who bought a new VX when there was a proper MD car infact he flouted KQ procurement procedures... Stays in a company mansion in Karen... Has a Polish bodyguard earning 1.2m per month plus 2 more from BM... Spends 90% of his time out of the country staying in crazy hotels yet KQ has hotels contracted for staff everywhere... What have I forgotten... Yeah earns the 8m that was stated but coerced finance/payroll guys to lower the figure so that it looks OK during the parliamentary hearing.... The fellow is just a crook. Haha give us a source for all this otherwise you and Alai are no different You must be new here right? Just go through the thread and check out my posts... Thats why as a shareholder @Obiero should be asking such questions at the AGM. I'm only interested in how one can temporarily "lower" a salary to give a false media position Wait for it rem everything I have told you here and in private has come to pass Pole sana for the loss... Prepare yourself for a super widening this year... 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:obiero wrote:maka wrote:nairobby wrote:maka wrote:Ericsson wrote:The airline attributed the loss to the high cost of fuel, high salaries and fleet ownership cost which account for nearly two thirds of the its operating costs. From the guy who bought a new VX when there was a proper MD car infact he flouted KQ procurement procedures... Stays in a company mansion in Karen... Has a Polish bodyguard earning 1.2m per month plus 2 more from BM... Spends 90% of his time out of the country staying in crazy hotels yet KQ has hotels contracted for staff everywhere... What have I forgotten... Yeah earns the 8m that was stated but coerced finance/payroll guys to lower the figure so that it looks OK during the parliamentary hearing.... The fellow is just a crook. Haha give us a source for all this otherwise you and Alai are no different You must be new here right? Just go through the thread and check out my posts... Thats why as a shareholder @Obiero should be asking such questions at the AGM. I'm only interested in how one can temporarily "lower" a salary to give a false media position Wait for it rem everything I have told you here and in private has come to pass Pole sana for the loss... Prepare yourself for a super widening this year... You crashed the two Embraers by loosening the yoke. It's only that you are my buddy otherwise I would have turned you in
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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