Kenya Airways

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Okiya

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#3
as @Okiya said they have posted a 29.7 billlion loss. i this inorder to evade tax man or. finacial guys can tell more
Am not a finance or tax guy but there is no rationale for posting losses since KQ is not a MNC. Anyway, they need to prove to the tax man that they will make profits within 5 years ama the unutilized tax losses will be extinguished.
 

vuja de

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#8
I envy the CEO's position. I wish I was able to lose 25 billion in a year and still keep my job
 
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Okiya

Guest
#9
That loss is artificial. Someone is planning to buy KQ, and you obviously see the link between poor performance and share price.

Actually, looking at their recent media campaigns, all the featured guys are thugs, except (probably) Manu chandaria.
I don't see sense in this. You cannot buy off KQ without dealing with GOK and KLM.
 

Ice_Cube

Village Chief
#17
What do you mean? A 5bn-worth 300-seater plane will then make approx 5000$ in a day. That translates to $180m pr year, or 18bn kenya money. When i grow up, I want to buy a plane.

That margin is slim if the company is subjected to flactuating fuel prices, workers' unions, as well as other risks, a war in the middle east could easily turn the business on its knees; But I understand its viability if one has a large fleet like American Airlines (AA)
 
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