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Kenya Airways...why ignore..
maka
#4851 Posted : Sunday, July 17, 2016 7:21:05 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Swenani wrote:
nzalela wrote:
obiero wrote:
10+ reasons to believe in operation pride atKQ:
1. End of hedging policy
2. Cut off on HOTAC and other operational expenses
3. Rightsizing of the workforce
4. Fuel efficient planes
5. Route optimization
6. Category 1 status at main hub
7. GoK guaranteed debt at reduced pay out
8. Sale of non critical assets
9. Global reduction in fuel costs
10. Revival in KE tourism
11. Budget carrier for booming middle-class
12. Cleaned-up board and management
13. Debt tenor restructure by main bankers
14. Financial revamp by transaction advisers


Some positives for sure but your list has a serious flaw. Apart from number 5 nothing else touches on the most important aspect of the business THE PRODUCT.

KQ has a terrible product at the moment. Buying a KQ ticket as per the current statistics means either of the following:-

1. There is a 30% probability your bag will be left behind if it is an embraer.
2. 50% probability your flight will be delayed.
3. 10% probabilty your flight will be rescheduled past 6 hours later.
4. 5% probabilty it will be cancelled.

The incoming COO is very decorated on paper and if his stint at Cobalt is anything to go by,he will probably be the "Kq messiah" but only time will tell. Until then the financial moves will only stabilise the company but wont change the prevailing situation.





So only 5 % chance you will enjoy your flight?


Now its much better...in terms of cancellation etc atleast the pilots are settled...job security...OCC is also on point.
possunt quia posse videntur
VituVingiSana
#4852 Posted : Monday, July 18, 2016 9:56:31 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
How can you-know-who know the pain of flying KQ when he (probably) receives free upgrades...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
ArrestedDev
#4853 Posted : Monday, July 18, 2016 10:40:38 AM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
maka wrote:
ArrestedDev wrote:
obiero wrote:
@spikes that is deep



Yeah, just reflect on it. Sometimes qualifications does not translate to anything. It does not have to confuse you all the time. The HBS short course that he did was even merged long ago with another program and look at who the program target (mid-career executive). See the below link.

Quote:
In 2005, TGMP merged with a closely related program offered by HBS—the Program for Management Development (PMD). The resulting program—the General Management Program (GMP)—launched in September 2006. This program, designed for executives transitioning from functional to general management, provides an ideal leadership development experience for the mid-career executive.


http://www.exed.hbs.edu/...ived/Pages/default.aspx

Ngunze remains a manager who is steeped in outdated style of management and nothing more. On your claim that his sponsor is incorruptible - you are very wrong.


Even TN had/has those Harvard short courses...This guys should have just promoted Yves but siasa ya Kenya smh.


The same applies to Alex Mbugua.
ArrestedDev
#4854 Posted : Monday, July 18, 2016 10:47:57 AM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
maka wrote:
nzalela wrote:
obiero wrote:
10+ reasons to believe in operation pride atKQ:
1. End of hedging policy
2. Cut off on HOTAC and other operational expenses
3. Rightsizing of the workforce
4. Fuel efficient planes
5. Route optimization
6. Category 1 status at main hub
7. GoK guaranteed debt at reduced pay out
8. Sale of non critical assets
9. Global reduction in fuel costs
10. Revival in KE tourism
11. Budget carrier for booming middle-class
12. Cleaned-up board and management
13. Debt tenor restructure by main bankers
14. Financial revamp by transaction advisers


Some positives for sure but your list has a serious flaw. Apart from number 5 nothing else touches on the most important aspect of the business THE PRODUCT.

KQ has a terrible product at the moment. Buying a KQ ticket as per the current statistics means either of the following:-

1. There is a 30% probability your bag will be left behind if it is an embraer.
2. 50% probability your flight will be delayed.
3. 10% probabilty your flight will be rescheduled past 6 hours later.
4. 5% probabilty it will be cancelled.

The incoming COO is very decorated on paper and if his stint at Cobalt is anything to go by,he will probably be the "Kq messiah" but only time will tell. Until then the financial moves will only stabilise the company but wont change the prevailing situation.





Spot on and on the bags its not on the Embraers only even on the dreamliners...they spend quite a bit on delivering bags...but at least now they charge other carriers for such issues.


Yeah, it is evident from the complaints registered via twitter and facebook. Part of the problem can be attributed to other sky team carriers but the main issue is to do with KQ's capacity. Dreamliners are now the main stay fleet for moving cargo and less cargo belly is dedicated to pax baggage. The story with E190 is worse, not much space for Cargo and even pax baggage cannot fit if it is a full flight and hence the baggage left behind.
obiero
#4855 Posted : Monday, July 18, 2016 11:20:50 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,221
Location: nairobi
10 days to go

KQ ABP 4.26
mlennyma
#4856 Posted : Monday, July 18, 2016 11:43:29 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
obiero wrote:
10 days to go

to announce reduced losssmile
"Don't let the fear of losing be greater than the excitement of winning."
maka
#4857 Posted : Monday, July 18, 2016 11:46:19 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
mlennyma wrote:
obiero wrote:
10 days to go

to announce reduced losssmile


Yessmile
possunt quia posse videntur
Spikes
#4858 Posted : Monday, July 18, 2016 11:53:30 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
maka wrote:
mlennyma wrote:
obiero wrote:
10 days to go

to announce reduced losssmile


Yessmile



Is the reduction in loss sustainable?
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
mlennyma
#4859 Posted : Monday, July 18, 2016 11:58:26 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Spikes wrote:
maka wrote:
mlennyma wrote:
obiero wrote:
10 days to go

to announce reduced losssmile


Yessmile



Is the reduction in loss sustainable ?

not a question of sustainability , kq will be profitable the dispute is only the recovery duration ,the government has shown clearly it can't let go kq
"Don't let the fear of losing be greater than the excitement of winning."
Impunity
#4860 Posted : Monday, July 18, 2016 12:00:14 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Spikes wrote:
maka wrote:
mlennyma wrote:
obiero wrote:
10 days to go

to announce reduced losssmile


Yessmile



Is the reduction in loss sustainable?


NO!

This should be countered immediately with increase in revenue streams, othewise even 2 bob will be too expensive to buy...most of these reduction in loss is by way of asset sale and asset lease out (bro @Obiero and sister @maka can confirm)...and the lease term are very short, like 3 years on average...so in 2019 most of the assest leased out will be dumped on their doors.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

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