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Kenya Airways...why ignore..
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VituVingiSana
#6731 Posted : Thursday, December 08, 2016 10:58:38 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
1bn or 10bn. A loss is a loss. This is not about a loss that happens once in a while. This is about losses that occur without fail. Year after year. Plus there's the 35bn NEGATIVE equity.

I want KQ to be profitable. It has a significant role to play in our economy BUT not if it is subsidized year in, year out.

Hii subsidy unasema ndio ipi tena.. The last one was the last one
I do hope that is the case. Let's wait and see. BTW, even the "cheap" loan is an ongoing subsidy. GoK borrows at 13% and lends to KQ at 13% or less is a subsidy.

The best way out is for a KQ-in-bankruptcy [yes, shareholders will be wiped out] and one that retains the logo/name but not the debts, greedy employees or "old" management.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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ArrestedDev
#6732 Posted : Thursday, December 08, 2016 12:16:49 PM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
1bn or 10bn. A loss is a loss. This is not about a loss that happens once in a while. This is about losses that occur without fail. Year after year. Plus there's the 35bn NEGATIVE equity.

I want KQ to be profitable. It has a significant role to play in our economy BUT not if it is subsidized year in, year out.

Hii subsidy unasema ndio ipi tena.. The last one was the last one
I do hope that is the case. Let's wait and see. BTW, even the "cheap" loan is an ongoing subsidy. GoK borrows at 13% and lends to KQ at 13% or less is a subsidy.

The best way out is for a KQ-in-bankruptcy [yes, shareholders will be wiped out] and one that retains the logo/name but not the debts, greedy employees or "old" management.


MJ hinted they need more injection from both the govt and KLM in order to delay the strategic investor.

Technical staff remuneration going up effective January 2017.
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hooverrl
#6733 Posted : Thursday, December 08, 2016 10:02:29 PM
Rank: Member

Joined: 9/9/2006
Posts: 52
Location: USA
Quote:
Technical staff remuneration going up effective January 2017.


Wage inflation a major problem for KQ. Average employee's compensation package has risen 11.5% annually over past 10 years, far exceeding revenue growth.

And it's gone up every year except last year. This made the unions unhappy. The result? Awori and Ngunze get the axe.

Tough to see how it can return to profitability as long as this continues.
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VituVingiSana
#6734 Posted : Friday, December 09, 2016 12:06:36 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
hooverrl wrote:
Quote:
Technical staff remuneration going up effective January 2017.


Wage inflation a major problem for KQ. Average employee's compensation package has risen 11.5% annually over past 10 years, far exceeding revenue growth.

And it's gone up every year except last year. This made the unions unhappy. The result? Awori and Ngunze get the axe.

Tough to see how it can return to profitability as long as this continues.

Stop being logical Laughing out loudly Laughing out loudly Laughing out loudly It doesn't go down well with some on Wazua! d'oh! d'oh! d'oh!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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ArrestedDev
#6735 Posted : Friday, December 09, 2016 5:21:31 AM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
VituVingiSana wrote:
hooverrl wrote:
Quote:
Technical staff remuneration going up effective January 2017.


Wage inflation a major problem for KQ. Average employee's compensation package has risen 11.5% annually over past 10 years, far exceeding revenue growth.

And it's gone up every year except last year. This made the unions unhappy. The result? Awori and Ngunze get the axe.

Tough to see how it can return to profitability as long as this continues.

Stop being logical Laughing out loudly Laughing out loudly Laughing out loudly It doesn't go down well with some on Wazua! d'oh! d'oh! d'oh!


Inflation is a major problem in Kenya. Corruption is driving the cost of living through the roof and Companies will be forced to increase wages yet the business operating environment is tough.

KQ need to find ways of generating more revenue. Cargo should be prioritised. The schedule for passenger flights need to be looked at very keenly. The technical issues leading to delays & disruptions need to be worked on so does pricing and level of service.

All the above depends on how fast the new CEO with vast aviation experience comes on board. Otherwise, KQ will continue to limb.


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obiero
#6736 Posted : Friday, December 09, 2016 5:53:21 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
ArrestedDev wrote:
VituVingiSana wrote:
hooverrl wrote:
Quote:
Technical staff remuneration going up effective January 2017.


Wage inflation a major problem for KQ. Average employee's compensation package has risen 11.5% annually over past 10 years, far exceeding revenue growth.

And it's gone up every year except last year. This made the unions unhappy. The result? Awori and Ngunze get the axe.

Tough to see how it can return to profitability as long as this continues.

Stop being logical Laughing out loudly Laughing out loudly Laughing out loudly It doesn't go down well with some on Wazua! d'oh! d'oh! d'oh!


Inflation is a major problem in Kenya. Corruption is driving the cost of living through the roof and Companies will be forced to increase wages yet the business operating environment is tough.

KQ need to find ways of generating more revenue. Cargo should be prioritised. The schedule for passenger flights need to be looked at very keenly. The technical issues leading to delays & disruptions need to be worked on so does pricing and level of service.

All the above depends on how fast the new CEO with vast aviation experience comes on board. Otherwise, KQ will continue to limb.

Limp not limb..

KQ ABP 4.26
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Impunity
#6737 Posted : Friday, December 09, 2016 9:38:44 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
obiero wrote:
ArrestedDev wrote:
VituVingiSana wrote:
hooverrl wrote:
Quote:
Technical staff remuneration going up effective January 2017.


Wage inflation a major problem for KQ. Average employee's compensation package has risen 11.5% annually over past 10 years, far exceeding revenue growth.

And it's gone up every year except last year. This made the unions unhappy. The result? Awori and Ngunze get the axe.

Tough to see how it can return to profitability as long as this continues.

Stop being logical Laughing out loudly Laughing out loudly Laughing out loudly It doesn't go down well with some on Wazua! d'oh! d'oh! d'oh!


Inflation is a major problem in Kenya. Corruption is driving the cost of living through the roof and Companies will be forced to increase wages yet the business operating environment is tough.

KQ need to find ways of generating more revenue. Cargo should be prioritised. The schedule for passenger flights need to be looked at very keenly. The technical issues leading to delays & disruptions need to be worked on so does pricing and level of service.

All the above depends on how fast the new CEO with vast aviation experience comes on board. Otherwise, KQ will continue to limb.

Limp not limb..




Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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obiero
#6738 Posted : Friday, December 09, 2016 2:12:26 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
Ngunze we will never forget the good things you have done at KQ http://www.businessdaily...480430-x9c4sd/index.html

KQ ABP 4.26
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VituVingiSana
#6739 Posted : Friday, December 09, 2016 10:59:25 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
[quote=obiero]Ngunze we will never forget the good things you have done at KQ http://www.businessdaily...80430-x9c4sd/index.html[/quote]
Has MJ cancelled your freebies? Pole sana. Ulijaribu to earn every mile you flew.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ebenyo
#6740 Posted : Saturday, December 10, 2016 7:51:23 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
VituVingiSana wrote:
[quote=obiero]Ngunze we will never forget the good things you have done at KQ http://www.businessdaily...80430-x9c4sd/index.html[/quote]
Has MJ cancelled your freebies? Pole sana. Ulijaribu to earn every mile you flew.


Operation costs will increase following mgt commitment to increase engineers pay.Guys should be prepared for a wider loss again next year.I advise those holding kq to take advantage of the current price to sell.

Towards the goal of financial freedom
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