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Kenya Airways...why ignore.. end 2025
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maka
#13581 Posted : Tuesday, August 27, 2019 2:43:54 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
freiks wrote:
maka wrote:
hardwood wrote:
Everyone eats except the shareholder...



I rem posting here how Weston got that contract... The Manager Transfer and Karibu Team then was away on sick leave... Strict person that one... Then when she came back after like 1 month she was surprised to find passengers being taken to Weston.... Very little she could do.... It takes roughly 6 months for a new hotel to be given a contract by KQ... So many checks are done by the security team before it happens... Place like Tamarind just got contracts the other day while others like Hill Park and Nairobi Upper hill have theirs terminated because of incidents... For those who know the owner of Hill Park you can imagine with all that influence JBW has the contract was terminated.... No. 2 sio mchezo interesting bit is Weston quotes the lowest price if I am not wrong 4500 per pax... So def they will get volumes....


So educate me, if you are KQ management would you go to expensive hotels when weston is charging peanuts. Their strength is pricing and thats how they got the tender i guess



Ia m very ok with pricing.... 100% ok... Saves KQ money which is good.

They never went through the rigorous process that other hotels went through to get that contract... That is life esp in Kenya.

I don't think they have had any complaints so far so good....

possunt quia posse videntur
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hardwood
#13582 Posted : Tuesday, August 27, 2019 2:59:22 PM
Rank: Elder

Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
Interesting exchange here...
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muandiwambeu
#13583 Posted : Tuesday, August 27, 2019 4:45:31 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
hardwood wrote:
Interesting exchange here...








Interesting one, but the results are even more interesting.
,Behold, a sower went forth to sow;....
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FUNKY
#13584 Posted : Tuesday, August 27, 2019 4:46:54 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
The government should liquidate KQ and start a new airline
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maka
#13585 Posted : Tuesday, August 27, 2019 5:31:06 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
There are serious financial gurus here... Lets agree on something KQs problem is not on the revenue side.... They are doing extremely well hapo...
possunt quia posse videntur
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Metch
#13586 Posted : Tuesday, August 27, 2019 5:38:49 PM
Rank: Member

Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
FUNKY wrote:
The government should liquidate KQ and start a new airline


How about liquidate and NOT start a new airline. I'd be ok with that

Start!
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Ericsson
#13587 Posted : Tuesday, August 27, 2019 5:40:05 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,834
Location: NAIROBI
maka wrote:
There are serious financial gurus here... Lets agree on something KQs problem is not on the revenue side.... They are doing extremely well hapo...


Chairman statement;
https://pbs.twimg.com/me...rmat=jpg&name=small

Total revenues increased by 12% to ksh.58.55mn
Passenger numbers grew by 6.6% to 2.4mn
Passenger revenue grew by 5.8% to ksh.42.597mn
Total operating costs grew by 15.48% to ksh.61.454bn
Total Finance costs grew by 77.83% to ksh.5.278bn
Realized losses on fuel derivatives ksh.380mn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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WWW
  | | Edit by user: Tuesday, August 27, 2019 5:48 PM | Reason: Not specified
maka
#13588 Posted : Tuesday, August 27, 2019 5:42:59 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
@Obiero you see... Starting new routes is easy... Fan fair... Pomp... Etc The costs that accompany those new routes are usually crazy....
possunt quia posse videntur
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obiero
#13589 Posted : Tuesday, August 27, 2019 5:52:56 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,471
Location: nairobi
maka wrote:
@Obiero you see... Starting new routes is easy... Fan fair... Pomp... Etc The costs that accompany those new routes are usually crazy....

Wewe unagongesha Embraer mbili kisha unalia machozi ya mamba..

KQ.. H1 2019 forecast
Total income 59,784
Total operating cost 59,222
Operating profit 562
Other costs -3,290
Interest income 22.5
LBIT -2,705.5
Tax expense/(credit) 15
Other income 855
Total loss for the period -1,835.5

Why would the finance costs grow for Christ sake.. This is turning out to be a monkey?
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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  | | Edit by user: Tuesday, August 27, 2019 5:54 PM | Reason: Not specified
muandiwambeu
#13590 Posted : Tuesday, August 27, 2019 6:04:46 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
obiero wrote:
maka wrote:
@Obiero you see... Starting new routes is easy... Fan fair... Pomp... Etc The costs that accompany those new routes are usually crazy....

Wewe unagongesha Embraer mbili kisha unalia machozi ya mamba..

KQ.. H1 2019 forecast
Total income 59,784
Total operating cost 59,222
Operating profit 562
Other costs -3,290
Interest income 22.5
LBIT -2,705.5
Tax expense/(credit) 15
Other income 855
Total loss for the period -1,835.5

Why would the finance costs grow for Christ sake.. This is turning out to be a monkey?

The firm is overtrading sir obiero, also the old adge that operating margins are dismal is yet to be delt with.
Let's keep counting how many years doesn't 8t take to bring down a behemoth in Kenya.
,Behold, a sower went forth to sow;....
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