KQ profitable finally - after 11 years sinking Treasury 120B

[RV Pundit]

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Ruto has done it.

All SOES are doing great.

[gout]

It needs to take local and Intra Africa routes seriously so that taxpayers who have put in the billions can enjoy and sustain it.

[Nowayhaha]

Another Wetdream KQ is bleeding like nothing before 3 dreamliners on ground because they cant afford overhauling Engines…. Atleast Uhuru being his business never used to let the airline reach that level …..

Ruto has done it.

All SOES are doing great.

[RV Heavy Hitter!]

5+ billion in profits is not small change. Kenya's sugar industry is churning out profits as well! Misinformation is being countered by overwhelming, barrage of factual evidence

[RV Pundit]

Ruto always deliver. By 2027 Kikuyu tribalistic nowayahas will be run out town.

[Njuri Ncheke]

Credit be given to Ruto it happened under his watch.

[Kadudu]

Kenyattas ruined KQ by leasing planes to the airline at horrendous amounts. Maybe the lease has ended, but the leasing conditions only benefitted the Kenyatta family leaving the kenyan public to fund the huge deficits created by KQ.

[gout]

Airlines don't make pure business sense even in regions with high passenger traffic like the Yues and Yurope. They run as prestige industry mara national pride mara public good.

The 'profit' has got nothing to do with fundamentals management.

A key driver of KQ’s improved performance in 2024 was foreign exchange gains of Sh10.55 billion, compared to a loss of Sh15.04 billion in 2023, as the local currency strengthened by more than 20 percent against the dollar last year.

The stronger Kenyan shilling also helped KQ save Sh1.2 billion on its foreign currency denominated liabilities.

Reason the Adanis want JKIA, not this profitable zombie carrier.

Negative equity position
However, Kenya Airways faces a substantial working capital deficit, burdened by a negative equity position resulting from 11 years of sustained losses.

https://www.businessdailyafrica.com/bd/corporate/shipping-logistics/forex-gains-lift-kq-from-more-than-a-decade-of-losses-4978750

[Nefertiti]

Kudos.

Let's see if they can sustain it for a few years without subsidy. Well-run airlines still mint profits through the years and some like Qatar are SOEs. KQ has many lessons to learn.

The best airlines are led by the Arabs - Emirates, Qatar
https://www.worldairlineawards.com/worlds-top-10-airlines-2024/


When they return to the NSE we should get some confidence. The market is a good arbiter of performance.

KQ defends extension of shares trade freeze
March 25, 2025
https://www.businessdailyafrica.com/bd/corporate/companies/kenya-airways-defends-extension-of-shares-trade-freeze--4567392

[Nowayhaha]

Again guys I mention KQ is not technically profitable . It cant be with 3 dreamliners grounded awaiting engines . Getting those 6 engines can whip out quarter of revenue they made in the year .
Have a look at the balance sheet and you will even notice aircraft ownership lessor finance not mentioned . If they use the same logic then KQ has been profitable all those years they were announcing losses .
Last year they called it Operational profits thats what they are implying and taking advantage of saying revenue has increased however avoiding to say due to Forex changes .Most contracts are in dollars and Aircraft Financing was done in dollars when it was 90 to KSH why they are playing mind games is mind boggling . Someone will air them out . Meanwhile nipateans are clapping their hands …….very funny

[Nowayhaha]

Check the Financial results across the years . Aircraft lease has gone from being capture to being classified as other then later on being dropped .

https://corporate.kenya-airways.com/en/investors-shareholders/financial-results/

[gout]

Even the likes of Qatar and Ethiopian Air are government pride/taxpayers skunks.

Kudos.

Let's see if they can sustain it for a few years without subsidy. Well-run airlines still mint profits through the years and some like Qatar are SOEs. KQ has many lessons to learn.

The best airlines are led by the Arabs - Emirates, Qatar
https://www.worldairlineawards.com/worlds-top-10-airlines-2024/


When they return to the NSE we should get some confidence. The market is a good arbiter of performance.

KQ defends extension of shares trade freeze
March 25, 2025
https://www.businessdailyafrica.com/bd/corporate/companies/kenya-airways-defends-extension-of-shares-trade-freeze--4567392

[Nefertiti]

It's why am saying let the NSE unsuspend them we so what investors think. My reading is they all can't wait to offload.

Again guys I mention KQ is not technically profitable . It cant be with 3 dreamliners grounded awaiting engines . Getting those 6 engines can whip out quarter of revenue they made in the year .
Have a look at the balance sheet and you will even notice aircraft ownership lessor finance not mentioned . If they use the same logic then KQ has been profitable all those years they were announcing losses .
Last year they called it Operational profits thats what they are implying and taking advantage of saying revenue has increased however avoiding to say due to Forex changes .Most contracts are in dollars and Aircraft Financing was done in dollars when it was 90 to KSH why they are playing mind games is mind boggling . Someone will air them out . Meanwhile nipateans are clapping their hands …….very funny

[audacityofhope]

Kudos.

Let's see if they can sustain it for a few years without subsidy. Well-run airlines still mint profits through the years and some like Qatar are SOEs. KQ has many lessons to learn.

It must be tough being @Nowayhaha, even when you post sense and repeat the same, the buffoons here (read the RVs) just ignore what you posted. Sadly by clapping, @Robina now Christened @Nefertiti (Egyptian wannabe) also falls for these stories za Jaba! Did you peruse the balance sheet to see whether the loans KQ continues to take and monies the govt writes off on behalf of KQ has been factored in that fake profit? I will help you buy posting here. Sadly not many of you can read accounts...

KQ POSTING PROFITS IS A SCAM:

Genocidal baboon and thief beyond measure @WilliamsRuto is cooking financials. A net profit of 5.4B but in their books under liabilities no loans declared yet we know KQ has borrowed both locally and internationally.

Obese buffoon @DavidNdii needs… pic.twitter.com/JsReNZ8kgn

— Francis Gaitho (@FGaitho237) March 26, 2025

?t=jDRDqhWU5BprvjkUmKWJZA&s=19

[audacityofhope]

Don’t go rushing to buy the $KQ turn around  story. They are trying to milk it but numbers don’t lie

That profit is an illusion -FX gain driven to the tune of 10.5B KES

Operating costs ? Staggering 178.7B

Negative cash flow ( -1.7B ) , liquidity pressures

Would not buy

It's why am saying let the NSE unsuspend them we so what investors think. My reading is they all can't wait to offload.

Again guys I mention KQ is not technically profitable . It cant be with 3 dreamliners grounded awaiting engines . Getting those 6 engines can whip out quarter of revenue they made in the year .
Have a look at the balance sheet and you will even notice aircraft ownership lessor finance not mentioned . If they use the same logic then KQ has been profitable all those years they were announcing losses .
Last year they called it Operational profits thats what they are implying and taking advantage of saying revenue has increased however avoiding to say due to Forex changes .Most contracts are in dollars and Aircraft Financing was done in dollars when it was 90 to KSH why they are playing mind games is mind boggling . Someone will air them out . Meanwhile nipateans are clapping their hands …….very funny