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Kenya Airways FY 2014 loss of 4.8bn!!!
Rank: Member Joined: 5/6/2014 Posts: 268 Location: Nairobi, Kenya
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maka wrote:Pesa Nane wrote:Hogwash or ???
Money they don't have and can't afford to pay. This was so much expected, and there must have been provision for that.
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Rank: Elder Joined: 6/21/2008 Posts: 2,490
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Akenyan2014 wrote:maka wrote:Pesa Nane wrote:Hogwash or ???
Money they don't have and can't afford to pay. This was so much expected, and there must have been provision for that. Am thinking this is good for KQ and bad for the staff who were fighting to be reinstated! The man who marries a beautiful woman, and the farmer who grows corn by the roadside have the same problem
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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The boeing will land and crush,no mercy even they are in the loss territory and i hope that is the highiest court without appeal. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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mlennyma wrote:The boeing will land and crush,no mercy even they are in the loss territory and i hope that is the highiest court without appeal. No appeal... possunt quia posse videntur
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Rank: Member Joined: 5/6/2014 Posts: 268 Location: Nairobi, Kenya
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mlennyma wrote:The boeing will land and crush,no mercy even they are in the loss territory and i hope that is the highiest court without appeal. You put it to sound as if the news makes you feel good  Tyre burst can never be confused for a crash or even crash landing The only difference is the upward adjusted compensation for former staff affected(Most of us feel sorry for those who lost their livelihood though). Even if it goes to 1.5bn, that is insignificant compared to an annual budget of >100Bn. Effect: Change of tyre will only delay but not cancel the take off.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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KQ is not for those in the market in the short haul. If your time-span is 1yr please wachia Obiero hii. Ok now to the news. Quote: An air ticket to fly Kenya Airways from Uganda’s Entebbe airport to Jomo Kenyatta in Nairobi has become the hottest selling item in the region. This disarray in the aviation industry comes three weeks after the suspension of Air Uganda – the other alternative airline on the 45-minute route. Ticket prices for Kenya Airways (KQ) have shot up to between $500 and $1,500, more than twice the previous amount, according to Kelley Mac Tavish, the executive director, Pearl of Africa Tours and Travel.
This has made the Entebbe – Nairobi flight probably the most expensive shortest flight route in the world, with KQ exploiting the gap by increasing its flights out of Entebbe to seven, from five every day. That fare hike is just unfair unethical and in very bad taste if its true. But I guess Entebbe has increased their fees as well @VVS by the way the meals have greatly improved   "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 5/9/2014 Posts: 130 Location: Nairobi
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Why hike the fares by that much, it's totally unfair and just goes to show us how bad that animal known as 'monopoly' can be, given a chance.
On the other hand, I hope the shareholders benefit too, or at worst it helps KQ reduce their debts.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Tall Order wrote:Why hike the fares by that much, it's totally unfair and just goes to show us how bad that animal known as 'monopoly' can be, given a chance.
On the other hand, I hope the shareholders benefit too, or at worst it helps KQ reduce their debts. This company is just digging its own grave.. I would rather use Rwandair to go from Entebbe to JKIA even if it takes 3 hours! Useless useless useless company! Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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@murchr - Is that biz class or economy? Looks like biz class to me. There is substantial space between your tray & the seat/cabinet/footrest in front of you. There is a tablecloth, silverware and butter in a bowl. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 8/4/2012 Posts: 155 Location: Kenya
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maka wrote:mlennyma wrote:The boeing will land and crush,no mercy even they are in the loss territory and i hope that is the highiest court without appeal. No appeal... BD talks of the Appeals court not the Supreme court "Kenya Airways’ bid to tame its wage bill was bolstered Friday after the Appeals Court overturned a judgement that had reinstated 447 employees." http://www.businessdaily.../-/112rqgcz/-/index.html If you don't want to go to plan B have a good plan A.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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VituVingiSana wrote:@murchr - Is that biz class or economy? Looks like biz class to me.
There is substantial space between your tray & the seat/cabinet/footrest in front of you.
There is a tablecloth, silverware and butter in a bowl. Yes its Biz class, of the new plane. Haha...I guess thats the only cabin where they serve champagne. But i should expect close to the same service at the economy class "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 5/6/2014 Posts: 268 Location: Nairobi, Kenya
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guru267 wrote:Tall Order wrote:Why hike the fares by that much, it's totally unfair and just goes to show us how bad that animal known as 'monopoly' can be, given a chance.
On the other hand, I hope the shareholders benefit too, or at worst it helps KQ reduce their debts. This company is just digging its own grave.. I would rather use Rwandair to go from Entebbe to JKIA even if it takes 3 hours! Useless useless useless company! @guru you apply the law of demand and supply when trading stocks. Let airlines find their optimal fairs using their own choice of principles, not just gambling 
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Shikilia chuma might happen one day http://edition.cnn.com/2...nding-cabin-plane-study/Life is short. Live passionately.
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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[quote=sparkly]Shikilia chuma might happen one day http://edition.cnn.com/2...ding-cabin-plane-study/[/quote] when I'm short of money n time, I can take such an option 
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Hmmm, trades on KQ at 10.05 ... I hope @Obiero is sitting down. Anyway, folks know my stance on KQ as an investment. When's the AGM? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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VituVingiSana wrote:Hmmm, trades on KQ at 10.05 ... I hope @Obiero is sitting down. Anyway, folks know my stance on KQ as an investment. When's the AGM? @VVS refer to post # 114 Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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obiero wrote:Akenyan2014 wrote:Aguytrying wrote:what do you call a stock that makes a 10bn loss in 2yrs? 10marks @Aguy, Sorry thats a Wrong question hehe.. people need to relax. if KQ doesnt stir your imagination, invest elsewhere.. ngoja muone vile pesa hutengenezwa @boris nimeambiwa ni 26th september @obiero - You need to Triple Down at this rate!!! Anyway, I love this song https://www.youtube.com/...81KcjvMo&feature=kp
I bailed out after the Rights Issue... No regrets. @Boris - 26 Sep? Ni mbali. Almost the 1/2 year mark. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 2/18/2011 Posts: 448
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Ethiopian Airlines to double capacity to Nairobi later in the year with 4 flights daily Addis-Nairobi. As someone said,competition is two times as fast with haalf the baggage.Perhaps it's time to do a mid-cycle evaluation of project mawingu and reposition themselves http://www.businessdaily...24/-/tvw0jj/-/index.html
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Rank: Member Joined: 5/6/2014 Posts: 268 Location: Nairobi, Kenya
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[quote=mibbz]Ethiopian Airlines to double capacity to Nairobi later in the year with 4 flights daily Addis-Nairobi. As someone said,competition is two times as fast with haalf the baggage.Perhaps it's time to do a mid-cycle evaluation of project mawingu and reposition themselves http://www.businessdaily...4/-/tvw0jj/-/index.html[/quote] Air Uganda Suspends Operations
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Rank: Veteran Joined: 6/8/2010 Posts: 1,729
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Could KQ cash in on this route Life is an endless adventure
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