Thread by @KenyaAirways

Good morning from Kenya’s Capital Nairobi, where we will be announcing our 2018 financial year performance. Keep it here for more updates. #KQFY2018Results.

Welcome remarks by our group Chairman, Michael Joseph. "2018 was a challenging year for KQ; we have however seen growth in passenger numbers. Management team have done a great job under the circumstances and thanks to the board for massive support". #KQFY2018Results

"KQ is not just an airline but a strategic asset for the country. We should be proud of what KQ has done for Kenya & support, we can help improve the country's GDP and create employment opportunities despite our challenges." Chairman, Michael Joseph. #KQFY2018Results

"We need support from media, investors & government." Chairman Michael Joseph. #KQFY2018Results

"Africa has the highest growth rate in the world and this is important to our market and business" GMD & CEO Sebastian Mikosz. #KQFY2018Results

@MikoszSebastian "Africa aviation outlook indicates highest growth potential worldwide" GMD & CEO Sebastian Mikosz. #KQFY2018Results

@MikoszSebastian Outlook on our business model in comparison to regional and international competitors. #KQFY2018Results

@MikoszSebastian "Traffic to and from JKIA is the smallest at 7.2 million across the continent. Regional carriers network coverage in Africa is broader and our role is to defend our hub and grow it." GMD & CEO Sebastian Mikosz . #KQFY2018Results

@MikoszSebastian "Fuel is our greatest challenge & this will be for a while, oil prices are up by 30%. Fuel represents over 40% of our direct operating costs .We started mitigating this risk by implementing a new hedging policy with minimal risk." GMD & CEO Sebastian Mikosz #KQFY2018Results

@MikoszSebastian Outlook on key challenges we are facing and our ongoing plan to mitigate. #KQFY2018Results

@MikoszSebastian Kenya Airways offers other services, technical and ground handling to domestic, regional and international customers. Our partnership with @FlyJambojet extends our network in Kenya and regionally. #KQFY2018Results

@MikoszSebastian @FlyJambojet We have seen growth in daily passenger numbers, cargo, cabin factor and achieved an average on time performance of 79%. #KQFY2018Results

@MikoszSebastian @FlyJambojet "New York is symbolic. This route is challenging, but it allows us to position KQ and Kenya differently. We are flying 5 weekly frequencies, we adjusted this to cater to the seasonality of the route. From Jun to Aug, we will fly daily." GMD & CEO Sebastian Mikosz #KQFY2018Results

@MikoszSebastian @FlyJambojet "We carried 15,000 passengers with a load factor of 64.6% to and from NYC in Nov to Dec 2018.

Mauritius , Libreville and Mogadishu have also been a strategic introduction to our network." GMD & CEO Sebastian Mikosz. #KQFY2018Results

@MikoszSebastian @FlyJambojet Increased frequencies have boosted local and regional routes in our network. #KQFY2018Results

@MikoszSebastian @FlyJambojet Code shares and joint venture partnerships are a key part of our business as this helps us boost connectivity. #KQFY2018Results

@MikoszSebastian @FlyJambojet NOTICE. #KQFY2018Results

@MikoszSebastian @FlyJambojet "We have an improvement by almost 20% of our net performance. Whilst the company might still be struggling, we are still moving in the right direction." GMD & CEO Sebastian Mikosz. #KQFY2018Results

@MikoszSebastian @FlyJambojet Growth remains our focus, we're back to flying to Rome, & have added a new route to Geneva. Passengers from Italy who wish to connect to Malindi have an added advantage to continue directly to the coastal town with 4 weekly frequencies from 10 Jun 19. #KQFY2018Results

@MikoszSebastian @FlyJambojet We are keen on making an investment in digital distribution as well as improve on productivity to grow our revenue. Our B777 on lease to Turkish Airlines will continue to fly there untill 2025/2026. One aircraft B787 has returned from Oman Air. #KQFY2018Results

@MikoszSebastian @FlyJambojet Jambojet is looking forward to the IOSA certification which will enable the pursuit of regional growth. #KQFY2018Results

@MikoszSebastian @FlyJambojet Project Simba purposes to change the paradigm of Kenyan Aviation. We have to look at the termination of pattern and tempo of growth. If we wish to remain in the top 5 hubs of Africa, it remains a question of how quickly KQ can defend our hub position. #KQFY2018Results

@MikoszSebastian @FlyJambojet We will continue to grow our business by expanding our network, strengthening our hub and focus on delighting our customers. We thank our passengers and partners for your continued support. #KQFY2018Results