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Kenya Airways...why ignore..
Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
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In 2017, Kenya Airways lost approximately Kshs. 701m every month, using loss before tax figures.
In 2018, this figure narrowed to Kshs. 632m per month.
Therefore, the 20% "increase" in loss before tax did not reflect deterioration in conditions but rather the contrary.
Other costs per month down sharply from Kshs. 816m per month in 2017 to Kshs. 579m per month (-29%).
While the national carrier reported an operating loss, this was due to oil price volatility. They subsequently started hedging to manage fuel price risks.
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Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
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Extraterrestrial wrote:In 2017, Kenya Airways lost approximately Kshs. 701m every month, using loss before tax figures.
In 2018, this figure narrowed to Kshs. 632m per month.
Therefore, the 20% "increase" in loss before tax did not reflect deterioration in conditions but rather the contrary.
Other costs per month down sharply from Kshs. 816m per month in 2017 to Kshs. 579m per month (-29%).
While the national carrier reported an operating loss, this was due to oil price volatility. They subsequently started hedging to manage fuel price risks. I need to meet you!
COOP 70,000 ABP 15.20; HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Extraterrestrial wrote:In 2017, Kenya Airways lost approximately Kshs. 701m every month, using loss before tax figures.
In 2018, this figure narrowed to Kshs. 632m per month.
Therefore, the 20% "increase" in loss before tax did not reflect deterioration in conditions but rather the contrary.
Other costs per month down sharply from Kshs. 816m per month in 2017 to Kshs. 579m per month (-29%).
While the national carrier reported an operating loss, this was due to oil price volatility. They subsequently started hedging to manage fuel price risks. A reduced loss is not a profit. It is a further cummulative deterioration of the company position. You find yourself in a 20m hole. If you dig 7m metres more, you are not better off by digging 13m less. You are now in a 27m hole and climbing out will be much harder. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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sparkly wrote:Extraterrestrial wrote:In 2017, Kenya Airways lost approximately Kshs. 701m every month, using loss before tax figures.
In 2018, this figure narrowed to Kshs. 632m per month.
Therefore, the 20% "increase" in loss before tax did not reflect deterioration in conditions but rather the contrary.
Other costs per month down sharply from Kshs. 816m per month in 2017 to Kshs. 579m per month (-29%).
While the national carrier reported an operating loss, this was due to oil price volatility. They subsequently started hedging to manage fuel price risks. A reduced loss is not a profit. It is a further cummulative deterioration of the company position. You find yourself in a 20m hole. If you dig 7m metres more, you are not better off by digging 13m less. You are now in a 27m hole and climbing out will be much harder. But if they keep on digging, they will come out on the other side  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: 13,559 Location: nairobi
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VituVingiSana wrote:sparkly wrote:Extraterrestrial wrote:In 2017, Kenya Airways lost approximately Kshs. 701m every month, using loss before tax figures.
In 2018, this figure narrowed to Kshs. 632m per month.
Therefore, the 20% "increase" in loss before tax did not reflect deterioration in conditions but rather the contrary.
Other costs per month down sharply from Kshs. 816m per month in 2017 to Kshs. 579m per month (-29%).
While the national carrier reported an operating loss, this was due to oil price volatility. They subsequently started hedging to manage fuel price risks. A reduced loss is not a profit. It is a further cummulative deterioration of the company position. You find yourself in a 20m hole. If you dig 7m metres more, you are not better off by digging 13m less. You are now in a 27m hole and climbing out will be much harder. But if they keep on digging, they will come out on the other side @sparkly.. sometimes, its better to quite down than speak abstractly and make people question intellect. Of course a reduced loss is not a profit, but it remains a reduced loss! The hole was meant to be dug to 7 metres, but accidently went to 20 metres you are not better off by digging up additional metres. Its practical to backfill the soil slowly and compact it. You are now back to 13m wide hole against target of 7m hole. Which is not a bad thing
COOP 70,000 ABP 15.20; HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:VituVingiSana wrote:sparkly wrote:Extraterrestrial wrote:In 2017, Kenya Airways lost approximately Kshs. 701m every month, using loss before tax figures.
In 2018, this figure narrowed to Kshs. 632m per month.
Therefore, the 20% "increase" in loss before tax did not reflect deterioration in conditions but rather the contrary.
Other costs per month down sharply from Kshs. 816m per month in 2017 to Kshs. 579m per month (-29%).
While the national carrier reported an operating loss, this was due to oil price volatility. They subsequently started hedging to manage fuel price risks. A reduced loss is not a profit. It is a further cummulative deterioration of the company position. You find yourself in a 20m hole. If you dig 7m metres more, you are not better off by digging 13m less. You are now in a 27m hole and climbing out will be much harder. But if they keep on digging, they will come out on the other side @sparkly.. sometimes, its better to quite down than speak abstractly and make people question intellect. Of course a reduced loss is not a profit, but it remains a reduced loss! The hole was meant to be dug to 7 metres, but accidently went to 20 metres you are not better off by digging up additional metres. Its practical to backfill the soil slowly and compact it. You are now back to 13m wide hole against target of 7m hole. Which is not a bad thing My brother and fellow elder @Obiero, even as you do your PHD, never forget the basics. Let me remind you what a loss is, from basic accounting... A loss occurs when cash from your sales is not enough to pay for the costs of business. In the real world, a loss is represented by unpaid supliers, unpaid employees, unpaid loans, unpaid taxes and unhappy investors. A loss made in year 1 is carried forward to year 2. This simply means that the unpaid suppliers, employees, loans and taxes are not forgotten. They are still owing. Now, if you make another loss in year 2, you have another set of unpaid suppliers, employees, loans and taxes to deal with. This is in addition to your year 1 problems. Consequently elder Obiero, I submit that there is nothing to celebrate in "reduced losses". Reduced losses is just an excuse used by management trying to hold on to their jobs. Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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sparkly wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:Extraterrestrial wrote:In 2017, Kenya Airways lost approximately Kshs. 701m every month, using loss before tax figures.
In 2018, this figure narrowed to Kshs. 632m per month.
Therefore, the 20% "increase" in loss before tax did not reflect deterioration in conditions but rather the contrary.
Other costs per month down sharply from Kshs. 816m per month in 2017 to Kshs. 579m per month (-29%).
While the national carrier reported an operating loss, this was due to oil price volatility. They subsequently started hedging to manage fuel price risks. A reduced loss is not a profit. It is a further cummulative deterioration of the company position. You find yourself in a 20m hole. If you dig 7m metres more, you are not better off by digging 13m less. You are now in a 27m hole and climbing out will be much harder. But if they keep on digging, they will come out on the other side @sparkly.. sometimes, its better to quite down than speak abstractly and make people question intellect. Of course a reduced loss is not a profit, but it remains a reduced loss! The hole was meant to be dug to 7 metres, but accidently went to 20 metres you are not better off by digging up additional metres. Its practical to backfill the soil slowly and compact it. You are now back to 13m wide hole against target of 7m hole. Which is not a bad thing My brother and fellow elder @Obiero, even as you do your PHD, never forget the basics. Let me remind you what a loss is, from basic accounting... A loss occurs when cash from your sales is not enough to pay for the costs of business. In the real world, a loss is represented by unpaid supliers, unpaid employees, unpaid loans, unpaid taxes and unhappy investors. A loss made in year 1 is carried forward to year 2. This simply means that the unpaid suppliers, employees, loans and taxes are not forgotten. They are still owing. Now, if you make another loss in year 2, you have another set of unpaid suppliers, employees, loans and taxes to deal with. This is in addition to your year 1 problems. Consequently elder Obiero, I submit that there is nothing to celebrate in "reduced losses". Reduced losses is just an excuse used by management trying to hold on to their jobs. waaah we have reached this level. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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Let me leave this here. Again. Admitting your mistakes is not a sign of weakness https://www.businessdail...160896-p6ojr2/index.html Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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VituVingiSana wrote:Let me leave this here. Again. Admitting your mistakes is not a sign of weakness https://www.businessdail...160896-p6ojr2/index.html  Very true. Spoken like a chief. 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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VituVingiSana wrote:Let me leave this here. Again. Admitting your mistakes is not a sign of weakness https://www.businessdail...160896-p6ojr2/index.html I cant open this Bwana VVS.... possunt quia posse videntur
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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maka wrote:VituVingiSana wrote:Let me leave this here. Again. Admitting your mistakes is not a sign of weakness https://www.businessdail...160896-p6ojr2/index.html I cant open this Bwana VVS.... https://www.businessdail...160896-p6ojr2/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: 13,559 Location: nairobi
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Ericsson wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:Extraterrestrial wrote:In 2017, Kenya Airways lost approximately Kshs. 701m every month, using loss before tax figures.
In 2018, this figure narrowed to Kshs. 632m per month.
Therefore, the 20% "increase" in loss before tax did not reflect deterioration in conditions but rather the contrary.
Other costs per month down sharply from Kshs. 816m per month in 2017 to Kshs. 579m per month (-29%).
While the national carrier reported an operating loss, this was due to oil price volatility. They subsequently started hedging to manage fuel price risks. A reduced loss is not a profit. It is a further cummulative deterioration of the company position. You find yourself in a 20m hole. If you dig 7m metres more, you are not better off by digging 13m less. You are now in a 27m hole and climbing out will be much harder. But if they keep on digging, they will come out on the other side @sparkly.. sometimes, its better to quite down than speak abstractly and make people question intellect. Of course a reduced loss is not a profit, but it remains a reduced loss! The hole was meant to be dug to 7 metres, but accidently went to 20 metres you are not better off by digging up additional metres. Its practical to backfill the soil slowly and compact it. You are now back to 13m wide hole against target of 7m hole. Which is not a bad thing My brother and fellow elder @Obiero, even as you do your PHD, never forget the basics. Let me remind you what a loss is, from basic accounting... A loss occurs when cash from your sales is not enough to pay for the costs of business. In the real world, a loss is represented by unpaid supliers, unpaid employees, unpaid loans, unpaid taxes and unhappy investors. A loss made in year 1 is carried forward to year 2. This simply means that the unpaid suppliers, employees, loans and taxes are not forgotten. They are still owing. Now, if you make another loss in year 2, you have another set of unpaid suppliers, employees, loans and taxes to deal with. This is in addition to your year 1 problems. Consequently elder Obiero, I submit that there is nothing to celebrate in "reduced losses". Reduced losses is just an excuse used by management trying to hold on to their jobs. waaah we have reached this level. Verbosity leans on emptiness.. KQ's problem is not cash flow
COOP 70,000 ABP 15.20; HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:sparkly wrote:Extraterrestrial wrote:In 2017, Kenya Airways lost approximately Kshs. 701m every month, using loss before tax figures.
In 2018, this figure narrowed to Kshs. 632m per month.
Therefore, the 20% "increase" in loss before tax did not reflect deterioration in conditions but rather the contrary.
Other costs per month down sharply from Kshs. 816m per month in 2017 to Kshs. 579m per month (-29%).
While the national carrier reported an operating loss, this was due to oil price volatility. They subsequently started hedging to manage fuel price risks. A reduced loss is not a profit. It is a further cummulative deterioration of the company position. You find yourself in a 20m hole. If you dig 7m metres more, you are not better off by digging 13m less. You are now in a 27m hole and climbing out will be much harder. But if they keep on digging, they will come out on the other side Life is short. Live passionately.
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Rank: Member Joined: 6/6/2016 Posts: 165 Location: Nairobi
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obiero wrote:Ericsson wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:Extraterrestrial wrote:In 2017, Kenya Airways lost approximately Kshs. 701m every month, using loss before tax figures.
In 2018, this figure narrowed to Kshs. 632m per month.
Therefore, the 20% "increase" in loss before tax did not reflect deterioration in conditions but rather the contrary.
Other costs per month down sharply from Kshs. 816m per month in 2017 to Kshs. 579m per month (-29%).
While the national carrier reported an operating loss, this was due to oil price volatility. They subsequently started hedging to manage fuel price risks. A reduced loss is not a profit. It is a further cummulative deterioration of the company position. You find yourself in a 20m hole. If you dig 7m metres more, you are not better off by digging 13m less. You are now in a 27m hole and climbing out will be much harder. But if they keep on digging, they will come out on the other side @sparkly.. sometimes, its better to quite down than speak abstractly and make people question intellect. Of course a reduced loss is not a profit, but it remains a reduced loss! The hole was meant to be dug to 7 metres, but accidently went to 20 metres you are not better off by digging up additional metres. Its practical to backfill the soil slowly and compact it. You are now back to 13m wide hole against target of 7m hole. Which is not a bad thing My brother and fellow elder @Obiero, even as you do your PHD, never forget the basics. Let me remind you what a loss is, from basic accounting... A loss occurs when cash from your sales is not enough to pay for the costs of business. In the real world, a loss is represented by unpaid supliers, unpaid employees, unpaid loans, unpaid taxes and unhappy investors. A loss made in year 1 is carried forward to year 2. This simply means that the unpaid suppliers, employees, loans and taxes are not forgotten. They are still owing. Now, if you make another loss in year 2, you have another set of unpaid suppliers, employees, loans and taxes to deal with. This is in addition to your year 1 problems. Consequently elder Obiero, I submit that there is nothing to celebrate in "reduced losses". Reduced losses is just an excuse used by management trying to hold on to their jobs. waaah we have reached this level. Verbosity leans on emptiness.. KQ's problem is not cash flow Senior Obiero, sometimes I think you are not of sane mind. a mad scientist albeit. However, this will not end well for you. I am a minority shareholder in KQ but I have since accepted my fate
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Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
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snifadog wrote:obiero wrote:Ericsson wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:Extraterrestrial wrote:In 2017, Kenya Airways lost approximately Kshs. 701m every month, using loss before tax figures.
In 2018, this figure narrowed to Kshs. 632m per month.
Therefore, the 20% "increase" in loss before tax did not reflect deterioration in conditions but rather the contrary.
Other costs per month down sharply from Kshs. 816m per month in 2017 to Kshs. 579m per month (-29%).
While the national carrier reported an operating loss, this was due to oil price volatility. They subsequently started hedging to manage fuel price risks. A reduced loss is not a profit. It is a further cummulative deterioration of the company position. You find yourself in a 20m hole. If you dig 7m metres more, you are not better off by digging 13m less. You are now in a 27m hole and climbing out will be much harder. But if they keep on digging, they will come out on the other side @sparkly.. sometimes, its better to quite down than speak abstractly and make people question intellect. Of course a reduced loss is not a profit, but it remains a reduced loss! The hole was meant to be dug to 7 metres, but accidently went to 20 metres you are not better off by digging up additional metres. Its practical to backfill the soil slowly and compact it. You are now back to 13m wide hole against target of 7m hole. Which is not a bad thing My brother and fellow elder @Obiero, even as you do your PHD, never forget the basics. Let me remind you what a loss is, from basic accounting... A loss occurs when cash from your sales is not enough to pay for the costs of business. In the real world, a loss is represented by unpaid supliers, unpaid employees, unpaid loans, unpaid taxes and unhappy investors. A loss made in year 1 is carried forward to year 2. This simply means that the unpaid suppliers, employees, loans and taxes are not forgotten. They are still owing. Now, if you make another loss in year 2, you have another set of unpaid suppliers, employees, loans and taxes to deal with. This is in addition to your year 1 problems. Consequently elder Obiero, I submit that there is nothing to celebrate in "reduced losses". Reduced losses is just an excuse used by management trying to hold on to their jobs. waaah we have reached this level. Verbosity leans on emptiness.. KQ's problem is not cash flow Senior Obiero, sometimes I think you are not of sane mind. a mad scientist albeit. However, this will not end well for you. I am a minority shareholder in KQ but I have since accepted my fate Mad scientist it is.. Just one document is awaited and the hands of time will turn back
COOP 70,000 ABP 15.20; HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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snifadog wrote:obiero wrote:Ericsson wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:Extraterrestrial wrote:In 2017, Kenya Airways lost approximately Kshs. 701m every month, using loss before tax figures.
In 2018, this figure narrowed to Kshs. 632m per month.
Therefore, the 20% "increase" in loss before tax did not reflect deterioration in conditions but rather the contrary.
Other costs per month down sharply from Kshs. 816m per month in 2017 to Kshs. 579m per month (-29%).
While the national carrier reported an operating loss, this was due to oil price volatility. They subsequently started hedging to manage fuel price risks. A reduced loss is not a profit. It is a further cummulative deterioration of the company position. You find yourself in a 20m hole. If you dig 7m metres more, you are not better off by digging 13m less. You are now in a 27m hole and climbing out will be much harder. But if they keep on digging, they will come out on the other side @sparkly.. sometimes, its better to quite down than speak abstractly and make people question intellect. Of course a reduced loss is not a profit, but it remains a reduced loss! The hole was meant to be dug to 7 metres, but accidently went to 20 metres you are not better off by digging up additional metres. Its practical to backfill the soil slowly and compact it. You are now back to 13m wide hole against target of 7m hole. Which is not a bad thing My brother and fellow elder @Obiero, even as you do your PHD, never forget the basics. Let me remind you what a loss is, from basic accounting... A loss occurs when cash from your sales is not enough to pay for the costs of business. In the real world, a loss is represented by unpaid supliers, unpaid employees, unpaid loans, unpaid taxes and unhappy investors. A loss made in year 1 is carried forward to year 2. This simply means that the unpaid suppliers, employees, loans and taxes are not forgotten. They are still owing. Now, if you make another loss in year 2, you have another set of unpaid suppliers, employees, loans and taxes to deal with. This is in addition to your year 1 problems. Consequently elder Obiero, I submit that there is nothing to celebrate in "reduced losses". Reduced losses is just an excuse used by management trying to hold on to their jobs. waaah we have reached this level. Verbosity leans on emptiness.. KQ's problem is not cash flow Senior Obiero, sometimes I think you are not of sane mind. a mad scientist albeit. However, this will not end well for you. I am a minority shareholder in KQ but I have since accepted my fate There is nothing for minority shareholders in KQ Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
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sparkly wrote:snifadog wrote:obiero wrote:Ericsson wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:Extraterrestrial wrote:In 2017, Kenya Airways lost approximately Kshs. 701m every month, using loss before tax figures.
In 2018, this figure narrowed to Kshs. 632m per month.
Therefore, the 20% "increase" in loss before tax did not reflect deterioration in conditions but rather the contrary.
Other costs per month down sharply from Kshs. 816m per month in 2017 to Kshs. 579m per month (-29%).
While the national carrier reported an operating loss, this was due to oil price volatility. They subsequently started hedging to manage fuel price risks. A reduced loss is not a profit. It is a further cummulative deterioration of the company position. You find yourself in a 20m hole. If you dig 7m metres more, you are not better off by digging 13m less. You are now in a 27m hole and climbing out will be much harder. But if they keep on digging, they will come out on the other side @sparkly.. sometimes, its better to quite down than speak abstractly and make people question intellect. Of course a reduced loss is not a profit, but it remains a reduced loss! The hole was meant to be dug to 7 metres, but accidently went to 20 metres you are not better off by digging up additional metres. Its practical to backfill the soil slowly and compact it. You are now back to 13m wide hole against target of 7m hole. Which is not a bad thing My brother and fellow elder @Obiero, even as you do your PHD, never forget the basics. Let me remind you what a loss is, from basic accounting... A loss occurs when cash from your sales is not enough to pay for the costs of business. In the real world, a loss is represented by unpaid supliers, unpaid employees, unpaid loans, unpaid taxes and unhappy investors. A loss made in year 1 is carried forward to year 2. This simply means that the unpaid suppliers, employees, loans and taxes are not forgotten. They are still owing. Now, if you make another loss in year 2, you have another set of unpaid suppliers, employees, loans and taxes to deal with. This is in addition to your year 1 problems. Consequently elder Obiero, I submit that there is nothing to celebrate in "reduced losses". Reduced losses is just an excuse used by management trying to hold on to their jobs. waaah we have reached this level. Verbosity leans on emptiness.. KQ's problem is not cash flow Senior Obiero, sometimes I think you are not of sane mind. a mad scientist albeit. However, this will not end well for you. I am a minority shareholder in KQ but I have since accepted my fate There is nothing for minority shareholders in KQ How does it concern you? Pilipili usioila..
COOP 70,000 ABP 15.20; HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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obiero wrote:sparkly wrote:snifadog wrote:obiero wrote:Ericsson wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:Extraterrestrial wrote:In 2017, Kenya Airways lost approximately Kshs. 701m every month, using loss before tax figures.
In 2018, this figure narrowed to Kshs. 632m per month.
Therefore, the 20% "increase" in loss before tax did not reflect deterioration in conditions but rather the contrary.
Other costs per month down sharply from Kshs. 816m per month in 2017 to Kshs. 579m per month (-29%).
While the national carrier reported an operating loss, this was due to oil price volatility. They subsequently started hedging to manage fuel price risks. A reduced loss is not a profit. It is a further cummulative deterioration of the company position. You find yourself in a 20m hole. If you dig 7m metres more, you are not better off by digging 13m less. You are now in a 27m hole and climbing out will be much harder. But if they keep on digging, they will come out on the other side @sparkly.. sometimes, its better to quite down than speak abstractly and make people question intellect. Of course a reduced loss is not a profit, but it remains a reduced loss! The hole was meant to be dug to 7 metres, but accidently went to 20 metres you are not better off by digging up additional metres. Its practical to backfill the soil slowly and compact it. You are now back to 13m wide hole against target of 7m hole. Which is not a bad thing My brother and fellow elder @Obiero, even as you do your PHD, never forget the basics. Let me remind you what a loss is, from basic accounting... A loss occurs when cash from your sales is not enough to pay for the costs of business. In the real world, a loss is represented by unpaid supliers, unpaid employees, unpaid loans, unpaid taxes and unhappy investors. A loss made in year 1 is carried forward to year 2. This simply means that the unpaid suppliers, employees, loans and taxes are not forgotten. They are still owing. Now, if you make another loss in year 2, you have another set of unpaid suppliers, employees, loans and taxes to deal with. This is in addition to your year 1 problems. Consequently elder Obiero, I submit that there is nothing to celebrate in "reduced losses". Reduced losses is just an excuse used by management trying to hold on to their jobs. waaah we have reached this level. Verbosity leans on emptiness.. KQ's problem is not cash flow Senior Obiero, sometimes I think you are not of sane mind. a mad scientist albeit. However, this will not end well for you. I am a minority shareholder in KQ but I have since accepted my fate There is nothing for minority shareholders in KQ How does it concern you? Pilipili usioila.. Taxpayers. 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: 13,559 Location: nairobi
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VituVingiSana wrote:obiero wrote:sparkly wrote:snifadog wrote:obiero wrote:Ericsson wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:Extraterrestrial wrote:In 2017, Kenya Airways lost approximately Kshs. 701m every month, using loss before tax figures.
In 2018, this figure narrowed to Kshs. 632m per month.
Therefore, the 20% "increase" in loss before tax did not reflect deterioration in conditions but rather the contrary.
Other costs per month down sharply from Kshs. 816m per month in 2017 to Kshs. 579m per month (-29%).
While the national carrier reported an operating loss, this was due to oil price volatility. They subsequently started hedging to manage fuel price risks. A reduced loss is not a profit. It is a further cummulative deterioration of the company position. You find yourself in a 20m hole. If you dig 7m metres more, you are not better off by digging 13m less. You are now in a 27m hole and climbing out will be much harder. But if they keep on digging, they will come out on the other side @sparkly.. sometimes, its better to quite down than speak abstractly and make people question intellect. Of course a reduced loss is not a profit, but it remains a reduced loss! The hole was meant to be dug to 7 metres, but accidently went to 20 metres you are not better off by digging up additional metres. Its practical to backfill the soil slowly and compact it. You are now back to 13m wide hole against target of 7m hole. Which is not a bad thing My brother and fellow elder @Obiero, even as you do your PHD, never forget the basics. Let me remind you what a loss is, from basic accounting... A loss occurs when cash from your sales is not enough to pay for the costs of business. In the real world, a loss is represented by unpaid supliers, unpaid employees, unpaid loans, unpaid taxes and unhappy investors. A loss made in year 1 is carried forward to year 2. This simply means that the unpaid suppliers, employees, loans and taxes are not forgotten. They are still owing. Now, if you make another loss in year 2, you have another set of unpaid suppliers, employees, loans and taxes to deal with. This is in addition to your year 1 problems. Consequently elder Obiero, I submit that there is nothing to celebrate in "reduced losses". Reduced losses is just an excuse used by management trying to hold on to their jobs. waaah we have reached this level. Verbosity leans on emptiness.. KQ's problem is not cash flow Senior Obiero, sometimes I think you are not of sane mind. a mad scientist albeit. However, this will not end well for you. I am a minority shareholder in KQ but I have since accepted my fate There is nothing for minority shareholders in KQ How does it concern you? Pilipili usioila.. Taxpayers. Kwenda!
COOP 70,000 ABP 15.20; HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:sparkly wrote:snifadog wrote:obiero wrote:Ericsson wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:Extraterrestrial wrote:In 2017, Kenya Airways lost approximately Kshs. 701m every month, using loss before tax figures.
In 2018, this figure narrowed to Kshs. 632m per month.
Therefore, the 20% "increase" in loss before tax did not reflect deterioration in conditions but rather the contrary.
Other costs per month down sharply from Kshs. 816m per month in 2017 to Kshs. 579m per month (-29%).
While the national carrier reported an operating loss, this was due to oil price volatility. They subsequently started hedging to manage fuel price risks. A reduced loss is not a profit. It is a further cummulative deterioration of the company position. You find yourself in a 20m hole. If you dig 7m metres more, you are not better off by digging 13m less. You are now in a 27m hole and climbing out will be much harder. But if they keep on digging, they will come out on the other side @sparkly.. sometimes, its better to quite down than speak abstractly and make people question intellect. Of course a reduced loss is not a profit, but it remains a reduced loss! The hole was meant to be dug to 7 metres, but accidently went to 20 metres you are not better off by digging up additional metres. Its practical to backfill the soil slowly and compact it. You are now back to 13m wide hole against target of 7m hole. Which is not a bad thing My brother and fellow elder @Obiero, even as you do your PHD, never forget the basics. Let me remind you what a loss is, from basic accounting... A loss occurs when cash from your sales is not enough to pay for the costs of business. In the real world, a loss is represented by unpaid supliers, unpaid employees, unpaid loans, unpaid taxes and unhappy investors. A loss made in year 1 is carried forward to year 2. This simply means that the unpaid suppliers, employees, loans and taxes are not forgotten. They are still owing. Now, if you make another loss in year 2, you have another set of unpaid suppliers, employees, loans and taxes to deal with. This is in addition to your year 1 problems. Consequently elder Obiero, I submit that there is nothing to celebrate in "reduced losses". Reduced losses is just an excuse used by management trying to hold on to their jobs. waaah we have reached this level. Verbosity leans on emptiness.. KQ's problem is not cash flow Senior Obiero, sometimes I think you are not of sane mind. a mad scientist albeit. However, this will not end well for you. I am a minority shareholder in KQ but I have since accepted my fate There is nothing for minority shareholders in KQ How does it concern you? Pilipili usioila.. Taxpayers. Kwenda! Taxpayers have been keeping a moribund KQ alive. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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