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Kenya Airways...why ignore..
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maka
#2081 Posted : Thursday, July 30, 2015 12:13:19 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
kollabo wrote:
moneydust wrote:
Kausha wrote:
Haya 25 billion net loss pap!

Surely something must be done to the perpetrators of this wealth genocide...


Kenya is some sort of a safe haven..nay hotbed for plunderers. Doubt anything will happen to ero!



possunt quia posse videntur
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obiero
#2082 Posted : Thursday, July 30, 2015 12:19:11 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,318
Location: nairobi
obiero wrote:
Aguytrying wrote:
newfarer wrote:
obiero wrote:
newfarer wrote:
obiero wrote:
Aguytrying wrote:
Im sorry to say this, but I firm consistently making billions of shilling losses doesn't deserve to be yeven trading.

Profits (EBT) (KSh m) From 2003 to 2015 ascending:
547
2,075
5,520
6,960
5,975
6,526
−5,664
2,671
5,002
2,146
−10,826
−4,861
-29,710
Kindly point out the consistency in loss making for Kenya Airways.. One must remember that even KCB was once loss making, in the year 2003-2004



You cannot see consistency show us any cent left as profit in the last 6year cumulative

Was KQ established in 2009? The firm is old and beautiful.. Its just experiencing a rough patch. Respect your elders :)



Much respects elder, enjoy your deadhorse ride.


@Obiero. If you add this years loss. That's 3 years in row.
Question. Will KQ make a profit in fy 2015? Are you sure???

KQ must make a profit in 2015. Its not a matter of choice, and Ngunze & Co are well aware.. Therein lies the gamble. Im not sure, but highly optimistic

Indeed this is consistent loss making.. Had not imagined it would be that huge. Going through the statemnt of comprehensive income and I realise that management has lost the battle against cost
COOP, IMH, KEGN, KQ, MTNU
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hisah
#2083 Posted : Thursday, July 30, 2015 12:22:32 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Paper thin demand. By 3pm it is likely the 5 handle or lower will be tested.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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growing
#2084 Posted : Thursday, July 30, 2015 12:33:30 PM
Rank: New-farer

Joined: 1/23/2015
Posts: 16
Location: mtandao
total equity (5.963)B Sad Sad Sad
Compounding
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  | | Edit by user: Thursday, July 30, 2015 12:37 PM | Reason: Not specified
Kausha
#2085 Posted : Thursday, July 30, 2015 12:34:05 PM
Rank: Member

Joined: 2/8/2007
Posts: 808
Never mind KQ still charges 86k to Jozi when ET is charging 36K on the same route.

This company overcharges customers and still can't make money.

Obiero, you had promised us loads of profits this year after management had fixed the problems. What went wrong?

Technically KQ is insolvent and lenders may just be knocking on them KQ doors very soon.
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growing
#2086 Posted : Thursday, July 30, 2015 12:39:00 PM
Rank: New-farer

Joined: 1/23/2015
Posts: 16
Location: mtandao
growing wrote:
total equity (5.963)B Sad Sad Sad

Insolvent!
Compounding
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Siringi
#2087 Posted : Thursday, July 30, 2015 12:44:37 PM
Rank: Elder

Joined: 6/8/2013
Posts: 2,517


"😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
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kollabo
#2088 Posted : Thursday, July 30, 2015 12:48:46 PM
Rank: Veteran

Joined: 2/3/2012
Posts: 1,317
growing wrote:
total equity (5.963)B Sad Sad Sad


Ati what? Is this a going concern anymore?

What did auditors say?
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  | | Edit by user: Thursday, July 30, 2015 12:51 PM | Reason: Not specified
Kausha
#2089 Posted : Thursday, July 30, 2015 1:10:00 PM
Rank: Member

Joined: 2/8/2007
Posts: 808
The concern went away a while back it would appear.
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obiero
#2090 Posted : Thursday, July 30, 2015 1:19:19 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,318
Location: nairobi
Kausha wrote:
Never mind KQ still charges 86k to Jozi when ET is charging 36K on the same route.

This company overcharges customers and still can't make money.

Obiero, you had promised us loads of profits this year after management had fixed the problems. What went wrong?

Technically KQ is insolvent and lenders may just be knocking on them KQ doors very soon.

@kausha.. next year is when I said the tide may turn. had very early on declared a projected loss of 9.5B for FY 2014/2015.
COOP, IMH, KEGN, KQ, MTNU
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