Kenya: Kenya Airways May Cut Routes Due to Costs
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The Nation (Nairobi)
2 October 2008
Posted to the web 3 October 2008
Kaburu Mugambi
Nairobi
Kenya Airways may abandon some of its routes due to high fuel prices and reduced air traffic.
Managing director Titus Naikuni said Thursday that although crude oil prices have come down on the international market, selling prices have not done so. The number of passengers is also currently low, he added.
"We have reached a point where we might cancel some routes," Mr Naikuni told reporters in his Nairobi office.
"We have not made that decision yet but we are monitoring the situation."
Bleak situation
Likely routes to be affected are the Far East, Middle East and those to some European capitals. Early last month, the Air Transport Association (IATA) warned that airlines faced losses close to $12 billion this year.
"The situation remains bleak," said IATA director general Giovanni Bisignani.
"The toxic combination of high oil prices and falling demand continues to poison the industry's profitability."
Global year-on-year passenger demand growth in July - seen as the best month of the year - fell to 1.9 per cent. This was its lowest in five years.
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Mr Naikuni, however, said he was confident of future growth.
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The threat to world peace is not terrorism it is abnomal high fuel prices. They are going to bring countries down and there financial systems. Uncle sam is not worried because for what oil producing countries get America and the west get more that 1/2. Who owns oil drilling companies in the world (caltex, bp, chevron etc).
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If run by the locals, the government would be pressed upon by IMF, World Bank, EU, USA and all other foreign creeps to either sell it to foreigners or bring in the foreigners to manage it and thereby kunyonya wazalendo.
So, is Kenya Airways still having an association with the muzungu KLM? If so, then what is the muzungu good for? Does a struggling KA look better under muzungu management than under the natives?
If not, they why do the natives need muzungu management?
Is there an inferiority complex there - several generations after Nyerere, Lumumba, Nkrumah, Banda, ...
Naikuni… [Read Full Text]