Kenya Airways posts KSh 12.9B loss in the year ended December 2019; the loss stood at KSh 7.6B in December 2018.

[Meria]

@The.Black.Templar leta mazematics of loss/day per/hr pre/minute.
@Aviator will confirm

 

[Budspencer]

Yet year after year they get bailed out by the exchequer yet they show no signs of surfacing. Kwanza hii mwaka wataongeza ya Corona. Financial blackhole.

 

[Meria]

Kenya Airways posts KSh 12.9B loss in the year ended December 2019; the loss stood at KSh 7.6B in December 2018.

 

[It's Me Scumbag]

Hata kama ni national pride,wale walisema ipewe 3NK ama Morolain should be given a hearing...

 

[Anglututu]

7.6b equals the money the govt has put in the airline, if we call it quits that 7b can be utilized in a better way hopefully.
In my mathematics, let's continue bailing the airline out, atleast indirectly the govt is feeding many families and keeping many related businesses alive. Rather than this money being stolen and stashed away.

 

[Clemens]

7.6b equals the money the govt has put in the airline, if we call it quits that 7b can be utilized in a better way hopefully.
In my mathematics, let's continue bailing the airline out, atleast indirectly the govt is feeding many families and keeping many related businesses alive. Rather than this money being stolen and stashed away.

A cost benefit analysis of this accrued benefits should be done, the country shouldn't keep a brain-dead entity on life machine.

 

[Aviator]

@The.Black.Templar leta mazematics of loss/day per/hr pre/minute.
@Aviator will confirm

View attachment 13094

What I know is that the shares closed at 3.46 compared to 0.89 a few weeks ago.
If I hadn't listened to "financial experts" and followed my gut feeling, I would be 4X reach.

 

[Aviator]

7.6b equals the money the govt has put in the airline, if we call it quits that 7b can be utilized in a better way hopefully.
In my mathematics, let's continue bailing the airline out, atleast indirectly the govt is feeding many families and keeping many related businesses alive. Rather than this money being stolen and stashed away.

They should bail out keroche too. It feeds (and drinks) more families.

 

[Anglututu]

They should bail out keroche too. It feeds (and drinks) more families.

Hiyo ni biashara haramu

 

[Okiya]

What I know is that the shares closed at 3.46 compared to 0.89 a few weeks ago.
If I hadn't listened to "financial experts" and followed my gut feeling, I would be 4X reach.

 

[Othello]

And when you are broke and jobless, HELB still find the guts to fine you 5k every month so that they can get the cash to bail out KQ. Fuck China

 

[Okiya]

@Aviator high share price driven purely demand. Supply quantity-zero. Supply price- zero

 

[Budspencer]

7.6b equals the money the govt has put in the airline, if we call it quits that 7b can be utilized in a better way hopefully.
In my mathematics, let's continue bailing the airline out, atleast indirectly the govt is feeding many families and keeping many related businesses alive. Rather than this money being stolen and stashed away.

 

[Ubongo]

Hii ni biashara ya watu binafsi

 

[kijanamrefu]

Hiyo ni biashara haramu

Biashara haramu kushinda KQ ni chache sana. Na kama Keroche ni haramu, EABL pia ifungwe.

 

[mzeiya]

It will always be bailed out as long as those with a vested interest continue treating our national carrier like a matatu sacco..

 

[Anglututu]

Biashara haramu kushinda KQ ni chache sana. Na kama Keroche ni haramu, EABL pia ifungwe.

Ideally yes but we are in a secular country.
But why would you compare, maybe you didn't get the context? Or did eabl ask for bail out?

 

[Okiya]

2 years 6 months later, KQ shares iko pale pale.
@Aviator did you buy the shares?

 

[Aviator]

2 years 6 months later, KQ shares iko pale pale.
@Aviator did you buy the shares?


View attachment 76215

I didn't.
I could consider buying now