KQ makes Sh900m operating profit, six-month net loss down to Sh4.78 billion

[MK254]

Kenya Airways has announced an operating profit of Sh900 million, bringing net loss down to Sh4.78 billion for the half year ended September 30.

Financial statements showed the loss was down to Sh7.13 billion from Sh11.95 billion posted in the same period last year.

Chief executive Mbuvi Ngunze said the loss reduction was underpinned by an increase of passenger numbers by 89,000 to 2.2 million.

It was also attributed to lower operating costs made possible by fleet rationalisation in line with the ‘Operation Pride’ recovery strategy.

“The business is taking steps in the right direction,” Ngunze told an investor briefing on Thursday morning.

During the review period, he said, the airline flew nine per cent more hours than the same period last year with seven fewer wide-body aircrafts.

Financial statements show the airline reduced its direct operating costs by 5.8 per cent to Sh32.75 billion from Sh34.79 billion last year mainly driven by fuel prices.

Fleet ownership costs reduced by 35 per cent to Sh8.49 billion from Sh13.14 billion. This included additional aircraft impairment of Sh1.8 billion.

The reduction in capacity resulted in a revenue drop of 3.5 per cent to Sh54.74 billion from Sh56.72 billion. Kenya Airways lifted less tonnage due to decrease in wide body capacity, thus cargo revenue dipped 20.9 per cent.

The airline reduced its direct operating costs by Sh2 billion to Sh32.8 billion due to fuel prices.

The company has been struggling to keep a balance of its operations and profits after recording pretax loss of $293 million (Sh29.7 billion) for three consecutive years up to its financial year end of March 2015.
KQ makes Sh900m operating profit, six-month net loss down to Sh4.78 billion

 

[Kafrican]

Yani KQ inabeba abiria wengi kuliko abiria wite wanaopitia JNIA ....

Operating cost ni Dollar 320 million, na revenue ni $540million.... hii loss ni poor decision making na poor planning by management.... hatufai kua tunatengeneza loss kama tunabeba abiria million mbili kwa mwaka

 

[Depay]

Yani KQ inabeba abiria wengi kuliko abiria wite wanaopitia JNIA ....

Operating cost ni Dollar 320 million, na revenue ni $540million.... hii loss ni poor decision making na poor planning by management.... hatufai kua tunatengeneza loss kama tunabeba abiria million mbili kwa mwaka

Good...The turbulence is almost ending.....

 

[Quickly]

Yani KQ inabeba abiria wengi kuliko abiria wite wanaopitia JNIA ....

Operating cost ni Dollar 320 million, na revenue ni $540million.... hii loss ni poor decision making na poor planning by management.... hatufai kua tunatengeneza loss kama tunabeba abiria million mbili kwa mwaka

teheheh ako wapi yule salesman... All in all its a positive report. At least the negative equity is slowly turning into positive equity. A loss was expected to be reported, given the losses from the previous years which must be cumulatively taken into account. Haya ndo ya biashara.
More hours flown with ⅔ the number of aircraft... impressive . (Someone i know in JF thinks that they can just walk in and out compete KQ, Ole wake).Afu pia passenger numbers are up inspite of fleet reduction, not bad, not bad at all.
I guess announcing this is a preemptive measure to calm down shareholders and give them something to hold onto.
All in all am for the exit of the entire management team, how they have mismanaged KQ borders on treason!!! Waende nyumbani wakafuge mbuzi.

 

[Zamiluni Zamiluni]

Aisaee, MK254 mtatuuwa bhana... Yaani kila saa moja mnaibuka Progresses...
Hongera kenyans !!

 

[MK254]

Aisaee, MK254 mtatuuwa bhana... Yaani kila saa moja mnaibuka Progresses...
Hongera kenyans !!

Hehehe!!! Mwendo wa kibano....

 

[MK254]

teheheh ako wapi yule salesman... All in all its a positive report. At least the negative equity is slowly turning into positive equity. A loss was expected to be reported, given the losses from the previous years which must be cumulatively taken into account. Haya ndo ya biashara.
More hours flown with ⅔ the number of aircraft... impressive . (Someone i know in JF thinks that they can just walk in and out compete KQ, Ole wake).Afu pia passenger numbers are up inspite of fleet reduction, not bad, not bad at all.
I guess announcing this is a preemptive measure to calm down shareholders and give them something to hold onto.
All in all am for the exit of the entire management team, how they have mismanaged KQ borders on treason!!! Waende nyumbani wakafuge mbuzi.

This business ya waende nyumbani huwa inaniuma sana, ifikie hatua watu waanze kupigwa shaba kama wafanyavyo Wachina.
Bado nina hamaki kwa yale ya wizara ya afya tunayoendelea kuyaskia.....

 

[Mhe McAmacy]

Hii biashara siijui but I expect like two more years of loss making on its way towards profitability.
But there is a 'CATEGORY 3 IDIOT' who thinks running an airline ni kama biashara ya kuuza viazi karai.

 

[Juakali1980]

Kenya Airways has announced an operating profit of Sh900 million, bringing net loss down to Sh4.78 billion for the half year ended September 30.

Financial statements showed the loss was down to Sh7.13 billion from Sh11.95 billion posted in the same period last year.

Chief executive Mbuvi Ngunze said the loss reduction was underpinned by an increase of passenger numbers by 89,000 to 2.2 million.

It was also attributed to lower operating costs made possible by fleet rationalisation in line with the ‘Operation Pride’ recovery strategy.

“The business is taking steps in the right direction,” Ngunze told an investor briefing on Thursday morning.

During the review period, he said, the airline flew nine per cent more hours than the same period last year with seven fewer wide-body aircrafts.

Financial statements show the airline reduced its direct operating costs by 5.8 per cent to Sh32.75 billion from Sh34.79 billion last year mainly driven by fuel prices.

Fleet ownership costs reduced by 35 per cent to Sh8.49 billion from Sh13.14 billion. This included additional aircraft impairment of Sh1.8 billion.

The reduction in capacity resulted in a revenue drop of 3.5 per cent to Sh54.74 billion from Sh56.72 billion. Kenya Airways lifted less tonnage due to decrease in wide body capacity, thus cargo revenue dipped 20.9 per cent.

The airline reduced its direct operating costs by Sh2 billion to Sh32.8 billion due to fuel prices.

The company has been struggling to keep a balance of its operations and profits after recording pretax loss of $293 million (Sh29.7 billion) for three consecutive years up to its financial year end of March 2015.
KQ makes Sh900m operating profit, six-month net loss down to Sh4.78 billion

Baby steps..KQ will be walk again

 

[Quickly]

This business ya waende nyumbani huwa inaniuma sana, ifikie hatua watu waanze kupigwa shaba kama wafanyavyo Wachina.
Bado nina hamaki kwa yale ya wizara ya afya tunayoendelea kuyaskia.....

Kabisa jomba. Wapigwe na anti aircraft fire mfano ya Kim jong un wa north Korea. Waende nyuma wamtafte pia nykuuni, yeye ndo alianzisha hii ushenzi. Wasifikishe bungeni maanake huko washeenzy wenzao full

 

[kwelko]

Kabisa jomba. Wapigwe na anti aircraft fire mfano ya Kim jong un wa north Korea. Waende nyuma wamtafte pia nykuuni, yeye ndo alianzisha hii ushenzi. Wasifikishe bungeni maanake huko washeenzy wenzao full

bunge ndo nyumbani kwao. They manufacture, package and distribute ushenzi. Alafu hiyo story ya Afya House imenikera beyond words. Like what the hell is wrong with Kenya!!?? Hapa naomba Uhuru aseme kama mbaya mbaya na awatimue bila kujali court cases et al!! This is just so ridiculously wrong. I'm not in Kenya but am so interested in knowing the progress of nailing that nincompoop in Afya House. Guys please mnipe updates if any.

 

[Quickly]

bunge ndo nyumbani kwao. They manufacture, package and distribute ushenzi. Alafu hiyo story ya Afya House imenikera beyond words. Like what the hell is wrong with Kenya!!?? Hapa naomba Uhuru aseme kama mbaya mbaya na awatimue bila kujali court cases et al!! This is just so ridiculously wrong. I'm not in Kenya but am so interested in knowing the progress of nailing that nincompoop in Afya House. Guys please mnipe updates if any.

The heat will be up on him soon, then he will be asked to "step aside " as they "investigate " . Need i say he will inevitably return--to a HIGHER position perhaps.

 

[kwelko]

The heat will be up on him soon, then he will be asked to "step aside " as they "investigate " . Need i say he will inevitably return--to a HIGHER position perhaps.

These are the moments i wish i had super powers kama za superman.

 

[MOTOCHINI]

Kumbe hasara bado IPO!!!!


SHIRIKA la Ndege nchini (KQ) Alhamisi lilitangaza hasara ya Sh4.7 bilioni katika kipindi cha miezi sita kilichomalizika Septemba 30, 2016.


Hasara hiyo, hata hivyo, ni afueni ikilinganishwa na ile ya Sh11.9 bilioni ambayo KQ ilipata katika kipindi sawa na hicho mwaka 2015. Hiyo inamaanisha kuwa kampuni hiyo ilipunguza pengo la hasara kwa asilimia 60.

Kupungua kwa hasara kulichangiwa na ongezeko la abiria waliotumia ndege za KQ hadi milioni 2.2.

Idadi ya abiria iliongezeka kwa asilimia 4, ambao ni sawa na abiria 89,000 ikilinganishwa na kipindi sawa mwaka jana.

Mapato yaliyotokana na usafirishaji wa mizigo yalipungua kwa asilimia 20. Kwa ujumla, mapato ya KQ yalipungua kwa asilimia 3.5 hadi Sh54.7 bilioni kutoka Sh56.7 bilioni mwaka jana.
Kulingana na ripoti, ndege za KQ ziliongeza muda wa kuhudumu kwa asilimia tisa ikilinganishwa na mwaka jana.

Akizungumza wakati wa kutangaza matokeo ya mapato ya shirika hilo la ndege jijini Nairobi, Mkuruegnzi wa KQ Mbuvi Ngunze, alisema kuwa kudorora kwa sarafu katika mataifa mbalimbali ya Afrika, ushindani na mabadiliko katika mazingira ya biashara ni miongoni mwa changamoto zilizochangia kwa hasara hiyo.

“Shirika la KQ limekuwa likijaribu kila liwezavyo kukabiliana na changamoto hizo ili kuboresha mapato,” akasema Bw Ngunze alielezea wasiwasi wake kuwa Uchaguzi Mkuu wa 2017, kudorora kwa sarafu ya kenya, ugaidi huenda vikaathiri zaidi mapato ya shirika hilo mwaka ujao.
Katika kipindi cha miezi sita iliyopita, shir ika la KQ lilipokea mkopo wa Sh9.8 bilioni kutoka kwa serikali

 

[Mhe McAmacy]

Kumbe hasara bado IPO!!!!


SHIRIKA la Ndege nchini (KQ) Alhamisi lilitangaza hasara ya Sh4.7 bilioni katika kipindi cha miezi sita kilichomalizika Septemba 30, 2016.


Hasara hiyo, hata hivyo, ni afueni ikilinganishwa na ile ya Sh11.9 bilioni ambayo KQ ilipata katika kipindi sawa na hicho mwaka 2015. Hiyo inamaanisha kuwa kampuni hiyo ilipunguza pengo la hasara kwa asilimia 60.

Kupungua kwa hasara kulichangiwa na ongezeko la abiria waliotumia ndege za KQ hadi milioni 2.2.

Idadi ya abiria iliongezeka kwa asilimia 4, ambao ni sawa na abiria 89,000 ikilinganishwa na kipindi sawa mwaka jana.

Mapato yaliyotokana na usafirishaji wa mizigo yalipungua kwa asilimia 20. Kwa ujumla, mapato ya KQ yalipungua kwa asilimia 3.5 hadi Sh54.7 bilioni kutoka Sh56.7 bilioni mwaka jana.
Kulingana na ripoti, ndege za KQ ziliongeza muda wa kuhudumu kwa asilimia tisa ikilinganishwa na mwaka jana.

Akizungumza wakati wa kutangaza matokeo ya mapato ya shirika hilo la ndege jijini Nairobi, Mkuruegnzi wa KQ Mbuvi Ngunze, alisema kuwa kudorora kwa sarafu katika mataifa mbalimbali ya Afrika, ushindani na mabadiliko katika mazingira ya biashara ni miongoni mwa changamoto zilizochangia kwa hasara hiyo.

“Shirika la KQ limekuwa likijaribu kila liwezavyo kukabiliana na changamoto hizo ili kuboresha mapato,” akasema Bw Ngunze alielezea wasiwasi wake kuwa Uchaguzi Mkuu wa 2017, kudorora kwa sarafu ya kenya, ugaidi huenda vikaathiri zaidi mapato ya shirika hilo mwaka ujao.
Katika kipindi cha miezi sita iliyopita, shir ika la KQ lilipokea mkopo wa Sh9.8 bilioni kutoka kwa serikali

Kama nilivokueleza pale juu(sikukutaja lakini) wafaa kuelewa hii si biashara ya kuuza njugu karanga.
Hasara hii yaweza kuendelea hata kwa miaka miwili, turnaround ndipo inaanza.

 

[MOTOCHINI]

Kama nilivokueleza pale juu(sikukutaja lakini) wafaa kuelewa hii si biashara ya kuuza njugu karanga.
Hasara hii yaweza kuendelea hata kwa miaka miwili, turnaround ndipo inaanza.

Ulinieleza!!!!

Basi poa kwaheri

 

[Sammuel999]

Kama nilivokueleza pale juu(sikukutaja lakini) wafaa kuelewa hii si biashara ya kuuza njugu karanga.
Hasara hii yaweza kuendelea hata kwa miaka miwili, turnaround ndipo inaanza.

Nakwambia education ngumu kwa wengine


Wapi salesman wa fast jet????


Bomba lilipo enda Tanzania alikuwa ashaona kenyas downfall .....hello geza???

 

[MK254]

Kama nilivokueleza pale juu(sikukutaja lakini) wafaa kuelewa hii si biashara ya kuuza njugu karanga.
Hasara hii yaweza kuendelea hata kwa miaka miwili, turnaround ndipo inaanza.

Aisei unaumiza kichwa bure, wengi wa hawa jamaa hawana uwezo huo, unapuuza na kuendelea mbele.

 

[Kafrican]

teheheh ako wapi yule salesman... All in all its a positive report. At least the negative equity is slowly turning into positive equity. A loss was expected to be reported, given the losses from the previous years which must be cumulatively taken into account. Haya ndo ya biashara.
More hours flown with ⅔ the number of aircraft... impressive . (Someone i know in JF thinks that they can just walk in and out compete KQ, Ole wake).Afu pia passenger numbers are up inspite of fleet reduction, not bad, not bad at all.
I guess announcing this is a preemptive measure to calm down shareholders and give them something to hold onto.
All in all am for the exit of the entire management team, how they have mismanaged KQ borders on treason!!! Waende nyumbani wakafuge mbuzi.

Miezi kadhaa iliopita kila kitu kilikua kiko kwenye red hapa

 

[Kafrican]

We should also be very careful... when companies start showing light at the end of the tunnel, shareholders with inside information tend to icrease their shares knowing whats comming..... we should make sure the likes of KLM dont gain more shares, but less