Highlights
KLSE: AIRASIA (5099)       AIRASIA GROUP BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.575   0.00 (0.00%)  0.575 - 0.59  5,793,300
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  111 people like this.
 
wafryer Are you wasting any crisis, my dearest Tony
19/10/2020 7:50 PM
wafryer When AA going to make gloves?
19/10/2020 8:47 PM
newbie1111 speakup BOAC never got shutdown, it merge with BEA to become BA which are still running today
19/10/2020 10:21 PM
bahai4453 AirAsia X out of money, needs USD 120 million for restart !
20/10/2020 5:15 AM
bahai4453 The Malaysian airline, the long-haul arm of AirAsia Group said this month it wanted to restructure MYR 63.5 billion (USD 15.32 billion) of debt and slash its share capital by 90% to continue as a going concern.
20/10/2020 5:20 AM
mf A CNBC analysis of Johns Hopkins University data showed Covid-19 cases were growing by 5% or more in 38 states as of Friday. Nationwide, the daily case average has risen by more than 16% on a week-over-week basis to nearly 55,000. New coronavirus infections in Europe are rising by about 97,000 per day, up 44% from the prior week.
20/10/2020 6:03 AM
Jeffreyteck It is the sudden drop that kills investors. Gradual drop will bites more investors slowly, no risk, no pain or gain.
MAS wants to continue but G is poor to continue support loss maker (even in the future as they don't know important of KPIs or interpret it differently, ie to receive more $ is the KPI to share prosperity). AA, unless industry restructuring, pressure continue. AAX, management and bod simply without competencies.
20/10/2020 8:42 AM
mf Globally, as of 2:01pm CEST, 19 October 2020, there have been 39,944,882 confirmed cases of COVID-19, including 1,111,998 deaths, reported to WHO.
20/10/2020 8:45 AM
8dragon Tonny F started off with one plane, eventually he could left with one plane...
20/10/2020 8:55 AM
Good123 people buy new cars for domestic tourism :) AirAsia Group Bhd group CEO Tan Sri Tony Fernandes says keeping borders closed is not a solution in a globalised world.

3. Malaysia Airports Holdings Bhd said it will install the latest thermal scanner and sneeze guards at 19 of its airports nationwide.

4. Malaysia’s vehicle sales in September jumped due to ongoing promotional activities by car manufacturers.
20/10/2020 9:06 AM
Good123 people scare to go to airport and enter plane. take 2-3 years to recover even with vaccine
20/10/2020 9:07 AM
bahai4453 If you're are get caught by covid-19 when we are working, you have no choice as you are earning a living. If you get caught when you're travelling for funs and sight-seeing, you think you worth it by paying and get infected ?
Bear in mind that Covid-19 is a very damaging epidermic to your body immune system even you are recovered from it.
Stop going out unnecessary then you will be safe. This is not the time to prove your bravery and guts !
That is why European and UK are locking up their red epidermic zone.
20/10/2020 10:10 AM
Donator Maybe TF suddenly announce change business to produce gloves...then will double up...lol
20/10/2020 10:50 AM
Alfonso Jom AA-glove, no choice edi Tony
20/10/2020 11:07 AM
wafryer Yes, the only way to survive is to produce gloves lol
20/10/2020 11:08 AM
WitNess Review my comment 2 months ago. This is a dead end counter. Who still holding? Just cry.
20/10/2020 11:39 AM
Alfonso Air Glovecine Charkuih Asia Berhad (AGCA), pls consider dato tony
20/10/2020 11:52 AM
nicholas99 produce glove also cannot cover the losses..
20/10/2020 11:53 AM
nicholas99 you better write the news. PM gives 10billion to let airasia stay afloat.
20/10/2020 11:54 AM
aliyusof https://www.theedgemarkets.com/article/aside-covid19-airasia-never-had-necessity-ask-govtbacked-loan-19-years-—-tony-fernandes?type=malaysia


TF is desperate and losy now. Think AA is tough to survive if normal air travel not resumed in next 1 year time. Image lne get infected covid 19 in foreign countries. Vacines takes 6 to 12 month to be safe to use. Even ok, alao worry not safe to travel overseas.
20/10/2020 2:30 PM
sampooler come on he already selling handbag watch vegitable seafood nasi lemak and so many... still want to sell glove? there are many glove counters but air line stock is only one.
20/10/2020 3:45 PM
sampooler https://www.sinchew.com.my/content/content_2362461.html
20/10/2020 3:45 PM
newbie1111 the cheapest option for the gov is to wait for MAS AA and Malindo to go into liquidation, a new flag carrier can be created from the ashes of these airline with a low cost base. there would be a large amount of plane capacity and landing slot available after covid that would benefit a new airline to expand fast.
20/10/2020 3:53 PM
Alfonso Ya, please wipe out all and let new blood come into this industry for example TopG Flight
20/10/2020 3:55 PM
WitNess Idk u guys comment here are still holding this end stock or watch drama.
20/10/2020 5:10 PM
DannyArcher with so much debt, even if AA managed to pull through, they will spend so many years paying off the debt. The best solution is to simply close it down and reopen a new airline.
20/10/2020 5:56 PM
Jeffreyteck LT positive... if shut down mas.
MT positive.... if merge aa and mas.
ST trading play on news.
20/10/2020 5:57 PM
bahai4453 It was covid-19 that hurt AA , basically AA has a good performance record. The management is good and innovative.
After the vaccine is available, if the airlines business is fast expanding why need to reopen a new airlines and setting up a new airline ? Setting up a new airlines is not as simple as what you thought. And why not making used of the existing one by just pumping money into it.
20/10/2020 6:25 PM
sampooler TF won't setup new airlines. he is not young.. hardly to find 2nd chance. personally I expect vacc out by this dec
20/10/2020 7:06 PM
giinyang520 Agree with bahai and sampooler. Just ignore those naysayers as they thought closing down and reopen an airline company back is as easy as other SME industry
20/10/2020 7:14 PM
newbie1111 A new airline will start with a clean slate without being saddle with huge debt like the current airlines. Alot of management and technical staff are available to hire by the new airline to launch their service. Launching a new airline now also will not face the problem airlines use to have when trying to expand when it comes to supply of planes and limited landing slots
20/10/2020 7:26 PM
Airline Bobby I cant wait for the chance to buy Airasia group bhd for RM1 like Tony did back then xD
20/10/2020 8:47 PM
sampooler Airline Bobby, if TF willing to let go... i will offer him RM1.10 :)))
20/10/2020 8:59 PM
Affnan Wait for AA to be cheap enough... then I'll buy 1 lot... just for show.. and attend AGM if any. All my life I work in Aviation Industry.... and retiring next year... it's tough for all of us. No light yet at the end of the tunnel. Few more months it gonna be a melt down.. of nothing to assist.
20/10/2020 9:50 PM
samo50sg How are the Vaccines going to reach us?
20/10/2020 10:02 PM
samo50sg Which are the ministers now handling the Vaccine?
20/10/2020 10:16 PM
Vulture123 https://www.klsescreener.com/v2/news/view/742781 Mayday ! Mayday !
21/10/2020 8:41 AM
benlim 國泰重組港龍停航 裁8500職位
https://hk.finance.yahoo.com/news/cpa-201021-002528310.html
21/10/2020 8:59 AM
Good123 "The future remains highly uncertain and it is clear that recovery is slow, " Cathay said in a statement, citing the International Air Transport Association's expectation it will take until 2024 for passenger traffic to recover to pre-COVID-levels.

SYDNEY: Hong Kong's Cathay Pacific Airways Ltd said on Wednesday it would cut 5,900 jobs and end its regional Cathay Dragon brand as it grapples with a plunge in demand from the coronavirus pandemic.

The restructuring will cost HK$2.2 billion ($283.9 million) and the airline will also seek changes in conditions in its contracts with cabin crew and pilots, it told the stock exchange.

Overall, it will cut 8,500 positions, or 24% of its normal headcount, but that includes 2,600 roles currently unfilled due to cost reduction initiatives, Cathay said.

"The future remains highly uncertain and it is clear that recovery is slow," Cathay said in a statement, citing the International Air Transport Association's expectation it will take until 2024 for passenger traffic to recover to pre-COVID-levels.

The airline, which has stored around 40% of its fleet outside Hong Kong, said on Monday it planned to operate less than 50% of its pre-pandemic capacity in 2021.

After receiving a $5 billion rescue package led by the Hong Kong government in June, it had been conducting a strategic review that analysts expected would result in major job losses because it has been bleeding HK$1.5 billion to HK$2 billion of cash a month.

The restructuring will stem the cash burn by HK$500 million a month in 2021, the airline said.

($1 = 7.7500 Hong Kong dollars)

- Reuters
21/10/2020 9:37 AM
bahai4453 "國泰重組港龍停航 裁8500職位"
Hong Kong's Cathay Pacific Airways Ltd was cursed by the Beijing government as they were involved in anti-Beijing airport violence last year. Cathay Pacific Airways is nobody child now.
They are so stupid enough to get involved in local politics. They had to paid the price anyway !!
They just can not understand a simple business principle !
" Private business can not commit in local politics but politics can involved in business affairs ."
21/10/2020 10:42 AM
Gloveslayer5566 the airline that once fullfilled my dream to go overseas
21/10/2020 11:05 AM
Gloveslayer5566 really sad if you go bankrupt, but really hope you can make it this round...bright future in post covid
21/10/2020 11:06 AM
charchar will AirAsia be the next TopGlove to fly after covid?
21/10/2020 12:12 PM
NohopeAirasia Work from home, stay at home no need to fly by AA. Can prevent more Covid19 cases.
21/10/2020 1:13 PM
Alfonso AA totally hantam flies already, no income at all............totally zero! not even try to sell char kuih! or glove or whatever vaccine. Tony, your face too thin...
21/10/2020 1:42 PM
kevinobc https://www.malaysiakini.com/news/547448
21/10/2020 3:13 PM
Donator have to change business only can survive...
21/10/2020 4:18 PM
Good123 domestic tourism juga mati sekarang
21/10/2020 5:17 PM
skyflyer87 Hope it can survive COVID-19.
21/10/2020 7:23 PM
Jeffreyteck Suggest follow mah sing move, produce gloves. Fly + gloves. Thai air is selling foods to get some money..
21/10/2020 7:44 PM