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maka		#12281 Posted : Tuesday, April 30, 2019 10:16:56 AM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		obiero wrote: 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 Don't worry Musila is taking the heat because of that I dont see him surviving for long... What else? possunt quia posse videntur
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VituVingiSana		#12282 Posted : Tuesday, April 30, 2019 10:30:59 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,130 Location: Nairobi		Who here was surprised at such a huge loss? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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tandich		#12283 Posted : Tuesday, April 30, 2019 10:36:53 AM
Rank: Member Joined: 5/6/2008 Posts: 199		I’m waiting for the numbers, especially the balance sheet. Will they ‘forget’ to publish it this time too?
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Ericsson		#12284 Posted : Tuesday, April 30, 2019 10:56:10 AM
Rank: Elder You have been a member since:: 12/4/2009 Posts: 10,702 Location: NAIROBI		tandich wrote: I’m waiting for the numbers, especially the balance sheet. Will they ‘forget’ to publish it this time too? 2018 Results in comparison to 2017 Results Revenue ksh.114.2bn compared to ksh.80.8bn Fleet costs ksh.18.9bn compared to ksh.12.4 billion Overheads ksh.20.9bn compared to ksh.15.8bn Direct operating costs ksh.75bn compared to ksh.51.8bn Operating profit ksh.683mn compared to ksh.1 bn Net Loss After Tax ksh.7.5bn compared to ksh.6.4bn KQ needs to tame it's costs Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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maka		#12285 Posted : Tuesday, April 30, 2019 10:56:44 AM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		VituVingiSana wrote: Who here was surprised at such a huge loss? Maybe @Obiero...No surprise. possunt quia posse videntur
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Metch		#12286 Posted : Tuesday, April 30, 2019 11:45:35 AM
Rank: Member Joined: 12/22/2015 Posts: 224 Location: Mombasa, Kenya		Ericsson wrote: tandich wrote: I’m waiting for the numbers, especially the balance sheet. Will they ‘forget’ to publish it this time too? 2018 Results in comparison to 2017 Results Revenue ksh.114.2bn compared to ksh.80.8bn Fleet costs ksh.18.9bn compared to ksh.12.4 billion Overheads ksh.20.9bn compared to ksh.15.8bn Direct operating costs ksh.75bn compared to ksh.51.8bn Operating profit ksh.683mn compared to ksh.1 bn Net Loss After Tax ksh.7.5bn compared to ksh.6.4bn KQ needs to tame it's costs Doubts cast on its viability. Same people want to run JKIA? Start!
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rwitre		#12287 Posted : Tuesday, April 30, 2019 11:45:45 AM
Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi		Ericsson wrote: tandich wrote: I’m waiting for the numbers, especially the balance sheet. Will they ‘forget’ to publish it this time too? 2018 Results in comparison to 2017 Results Revenue ksh.114.2bn compared to ksh.80.8bn Fleet costs ksh.18.9bn compared to ksh.12.4 billion Overheads ksh.20.9bn compared to ksh.15.8bn Direct operating costs ksh.75bn compared to ksh.51.8bn Operating profit ksh.683mn compared to ksh.1 bn Net Loss After Tax ksh.7.5bn compared to ksh.6.4bn KQ needs to tame it's costs Shareholders will be left with a husk if this continues.
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xxxxx		#12288 Posted : Tuesday, April 30, 2019 11:48:49 AM
Rank: Member Joined: 3/20/2008 Posts: 503		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 Its only when the tide goes out that we get to know who's been swimming naked. @Obiero.
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nairobby		#12289 Posted : Tuesday, April 30, 2019 12:33:23 PM
Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya		B777 to remain on lease with Turkish till 2025/26 and the final dreamliner has left Oman Air to be back in June for Rome/Geneva.
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VituVingiSana		#12290 Posted : Tuesday, April 30, 2019 12:53:38 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,130 Location: Nairobi		rwitre wrote: Ericsson wrote: tandich wrote: I’m waiting for the numbers, especially the balance sheet. Will they ‘forget’ to publish it this time too? 2018 Results in comparison to 2017 Results Revenue ksh.114.2bn compared to ksh.80.8bn Fleet costs ksh.18.9bn compared to ksh.12.4 billion Overheads ksh.20.9bn compared to ksh.15.8bn Direct operating costs ksh.75bn compared to ksh.51.8bn Operating profit ksh.683mn compared to ksh.1 bn Net Loss After Tax ksh.7.5bn compared to ksh.6.4bn KQ needs to tame it's costs Shareholders will be left with a husk if this continues. Already is! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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VituVingiSana		#12291 Posted : Tuesday, April 30, 2019 12:55:12 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,130 Location: Nairobi		xxxxx 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 Its only when the tide goes out that we get to know who's been swimming naked. @Obiero. So @Obiero has sunk Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ebenyo		#12292 Posted : Tuesday, April 30, 2019 1:15:34 PM
Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale		Ericsson wrote: tandich wrote: I’m waiting for the numbers, especially the balance sheet. Will they ‘forget’ to publish it this time too? 2018 Results in comparison to 2017 Results Revenue ksh.114.2bn compared to ksh.80.8bn Fleet costs ksh.18.9bn compared to ksh.12.4 billion Overheads ksh.20.9bn compared to ksh.15.8bn Direct operating costs ksh.75bn compared to ksh.51.8bn Operating profit ksh.683mn compared to ksh.1 bn Net Loss After Tax ksh.7.5bn compared to ksh.6.4bn KQ needs to tame it's costs 2017 was only 9months.The comparison will not be perfect. Towards the goal of financial freedom
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Fyatu		#12293 Posted : Tuesday, April 30, 2019 2:14:53 PM
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru		maka wrote: VituVingiSana wrote: Who here was surprised at such a huge loss? Maybe @Obiero...No surprise. My prayers are with brother @Obiero. Meanwhile, i am busy writing a letter to the toothless CMA asking that they find mkora Carl Esprey together with the crooks at burbidge capital so that they can share with me and other wanjikus the carcass(sp) that has been left of ADSS Dumb money becomes dumb only when it listens to smart money
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Zichi		#12294 Posted : Tuesday, April 30, 2019 2:40:41 PM
Rank: New-farer Joined: 5/24/2017 Posts: 44		Bilioni walitumia kulaunch New York iko factored wapi? Anyway, lets see what proposal MPs adopt wrt the future of KQ
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ArrestedDev		#12295 Posted : Tuesday, April 30, 2019 3:51:45 PM
Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi		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... Not bad as such considering JFK was a huge investment. Is it true the B777 won’t be returned till 2025/26?
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ArrestedDev		#12296 Posted : Tuesday, April 30, 2019 3:54:12 PM
Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi		nairobby wrote: B777 to remain on lease with Turkish till 2025/26 and the final dreamliner has left Oman Air to be back in June for Rome/Geneva. Where did you get this info from? KQ will continue footing the difference between the sublease and the lease costs?
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ArrestedDev		#12297 Posted : Tuesday, April 30, 2019 3:56:37 PM
Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi		Zichi wrote: Bilioni walitumia kulaunch New York iko factored wapi? Anyway, lets see what proposal MPs adopt wrt the future of KQ Captured in the overall performance. The results are not such bad to me considering a number of routes were started in 2018 including JFK.
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nairobby		#12298 Posted : Tuesday, April 30, 2019 4:06:58 PM
Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya		ArrestedDev wrote: nairobby wrote: B777 to remain on lease with Turkish till 2025/26 and the final dreamliner has left Oman Air to be back in June for Rome/Geneva. Where did you get this info from? KQ will continue footing the difference between the sublease and the lease costs? Here: https://twitter.com/Keny...123124787260403717?s=20 It is cheaper for them to lose money on the sub lease than it would be for them to operate the aircraft. It is just too big for KQ operations. Naikuni
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Zichi		#12299 Posted : Tuesday, April 30, 2019 4:11:30 PM
Rank: New-farer Joined: 5/24/2017 Posts: 44		ArrestedDev wrote: Zichi wrote: Bilioni walitumia kulaunch New York iko factored wapi? Anyway, lets see what proposal MPs adopt wrt the future of KQ Captured in the overall performance. The results are not such bad to me considering a number of routes were started in 2018 including JFK. Ooh... Was expecting at least a few hundred million operating profit
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maka		#12300 Posted : Tuesday, April 30, 2019 5:00:40 PM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		maka wrote: obiero wrote: 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 Don't worry Musila is taking the heat because of that I dont see him surviving for long... What else? Told you... He has been let go... Also Catherine Kamau who took over Chris Diaz's Head of Marketing job.... If am not wrong she has been in that position for exactly one year.... possunt quia posse videntur
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