KQ keeps minting losses like no ones business, a record 10th year in a row

[Geza Ulole]

Kenya Airways' problems continue as first-half losses double


2 MIN READ



Workers walk past a Kenya Airways Boeing Dreamliner 787-8 inside a hangar at their headquarters in Nairobi, Kenya June 27, 2018. REUTERS/Thomas Mukoya

NAIROBI (Reuters) - Kenya Airways, which is being renationalised to save it from mounting debts, saw its first-half pretax loss more than double from a year earlier to 8.56 billion Kenyan shillings ($83 million), its results statement showed on Tuesday.

Kenya’s parliament voted in July to renationalise the loss-making airline, which is labouring under a mountain of debt and has had three changes of chief executive in the past five years as it struggles to compete with regional rivals.


The government plans to buy out minority shareholders including Air France-KLM’s 7.8% stake.
The carrier said its first-half revenue rose 12.2% from a year earlier to 58.55 billion shillings, which Chief Financial Officer Hellen Mathuka attributed to the launch of new routes and more frequent flights.

However, the airline’s operating costs rose to 61.45 billion shillings, from 53.22 billion shillings in the same period last year, Mathuka said. That was partly due to two Boeing 787 planes that had been sub-leased to Oman Air being returned during the first half of the year, she said.

The government will take at least 21 months to take back full control of Kenya Airways, buying out minority shareholders and converting shares held by banks into Treasury bonds, a lawmaker briefed on the transaction told Reuters in July.
($1 = 103.2000 Kenyan shillings)

Reporting by George Obulutsa; Writing by Maggie Fick; Editing by Susan Fenton

Reuters | Breaking International News & Views

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af.reuters.com

 

[Geza Ulole]

now lets wait n see how nationalization will fare with this chronic loss maker!

 

[Graph]

Na sisi ndo tunazidi kununua ndege tena in cash, what a waste of money.

 

[REDEEMER.]

Na sisi ndo tunazidi kununua ndege tena in cash, what a waste of money.

Una akili finyu sana, unajua sababu zinazofanya KQ ipate hasara?

 

[REDEEMER.]

Huku hutomuona mamamsweet na genge lake kabisa, sababu wanajua huwezi kubadilisha nyeusi iwe nyeupe kirahisi

Ila katika mashirika yenye roho ya paka ni hili mikojo-ya-bata-airlines au KQ, hili Shirika ndio linafanya Kenya izidi kufanya vizuri kwenye biggest Shitholest countries with oxygen.

 

[mwaswast]

Sisi Ndege ATCL zetu zimekuwa za Kukamatwa kila mahali si Canada, si South Africa, Sasa sijui next Ni wapi labda hata tuna deni ya Uganda.

 

[Profesa ntare nkobe]

Na mashirika ya Ug na Tz yame anza kazi KQ ina hali ngumu

 

[Cicero]

Sisi Ndege ATCL zetu zimekuwa za Kukamatwa kila mahali si Canada, si South Africa, Sasa sijui next Ni wapi labda hata tuna deni ya Uganda.

Tunawadai Uganda almost $9billion in war settlement after the UG-TZ war that ousted Iddi Amin na hawajatulipa mpaka leo. Kwanza hawana nguvu hiyo.

 

[Cicero]

Hivi kiukweli tunashindwa kuwa na an international airline group itakayomiliki mashirika yote ya ndege ya Afrika Mashariki na ku improve ushirikiano baina yao for the sake of growth? ATCL, KQ, UG Air na Rwandair can be operationally independent subsidiaries.
Maana ATCL nayo ni mwendo wa hasara tu na maoni yangu ni kwamba tukishirikiana tunaweza kufika mbali!
Wazungu wana ile IAG Group & Lufthansa Group etc. Sisi tunakwama wapi?

 

[Geza Ulole]

Hivi kiukweli tunashindwa kuwa na an international airline group itakayomiliki mashirika yote ya ndege ya Afrika Mashariki na ku improve ushirikiano baina yao for the sake of growth? ATCL, KQ, UG Air na Rwandair can be operationally independent subsidiaries.
Maana ATCL nayo ni mwendo wa hasara tu na maoni yangu ni kwamba tukishirikiana tunaweza kufika mbali!
Wazungu wana ile IAG Group & Lufthansa Group etc. Sisi tunakwama wapi?

si na nyang'au Uganda airlines washaomba partnership na Air Tanzania! kumbuka Kenya iliua EA Airways!

soma hapa






BTW most profitable route to KQ is officially having competition from yesterday 2 times a day and also Kampala to Mombasa!

 

[Geza Ulole]

 

[Geza Ulole]

 

[Geza Ulole]

 

[Graph]

Una akili finyu sana, unajua sababu zinazofanya KQ ipate hasara?

Kama zangu ni finyu nakuonea sana huruma maana zako sijui zitakua level ipi.

 

[koro-boy]

Good start let's start TAUR Airline Tanzania, Uganda and Rwanda airline tumalize mahesabu ya KQ.

 

[koro-boy]

TAUR airline hub itakuwa Dar es Salaam. CCM hoyee

 

[Quinn]

Good start let's start TAUR Airline Tanzania, Uganda and Rwanda airline tumalize mahesabu ya KQ.

Sidhani kama itawezekana kwani Tanzania ina specific objectives nyingi kupitia hzi Ndege zake mfano:

1. Ndege imepambwa na vivutio vinavyoitambulisha Tanzania ikiwemo mlima kilimanjaro, Twiga e.t.c ili kuvutia watalii Ndani ya Tanzania na sio kwengine

2. Ndani ya Ndege kuna magazines za kutambulisha Tanzania, ugawaji wa korosho ili kukuza hili zao na pia hata Beer na Wine zinazotengenezwa Tanzania zipo ndani ya ndege ili kuzibrand

3 Air Tanzania imelenga kuingia mikataba na makampuni ya china kuleta watalii kwa mkupuo Tanzania.

4. Air Tanzania inataka kuifanya Tanzania kuwa a transport hub kwenda nchi zingine Africa na Duniani

Malengo haya yanaifanya kuwa ngumu kwa Air Tanzania kukubali kuungana na kutengeneza shirika moja kwani kutakuwa na mgongano wa kimaslahi ambao utapelekea Air Tanzania kushindwa kutimiza ayo malengo hapo Juu....Labda washirikiane tu kibiashara na sio kuungana to form one...it is impossible, not under the watch of Magufuli

 

[mwaswast]

ATCL bado ipo rehani kule kwa "tuliwakomboa" ? redeemer 😂😂😂😂 Tanzania never dissapoints,this has been a good week hope there will be more comedy.