happy

EPF as of 23rd May 2017 was holding 170,879,149 (5.113%). EPF needs to hold 167.1 million shares (5%) to qualified as a substantial shareholder. EPF disposed 6,174,800 shares on 23rd May 2017.

Qantas Airline making loss? Malindo making profit? Malaysian Airline making profit?

Moving forward to next quarter. FYI ONLY . Q2/16 oil was USD 45 - 54. RINGGIT Q2/16 was 3.87 - 4.11.

Singapore Airline lose money. Cathay Pacific cut 600 jobs due to billions loses HKDollar in oil hedging. Air Asia makes money in Q1/17, RM600 MILLION . Not enough ?

Q1/16 ringgit was around rm4.30-4.06, oil was ranging USD38-46.

maybank was expecting core net profit of rm360million, the lower y-y profit is expected as 2016 WAS AN EXCEPTIONAL YEAR

So, airlines have tough business to hedge fuel and currency. Think Benyamin team doing a good job to weather the fuel and ringgit crisis.

Net result 600 staff has to be axed because some genius calculate or bet wrongly on fuel hedging.

Fortune Bull, agree SIa hedge fuel wrongle. So is Cathay Pacific. Despite oil prices down significantly they s ave on fuel prices but Cathay lost more than HK$8.4 billion inFUEL HEDGING LOSS.

singapore airline made aloss of SGD 138 MILLION compare to last year quarter profit of SGD 225 MILLION.

http://www.straitstimes.com/business/companies-markets/first-quarterly-loss-for-sia-in-5-years

singapore Airline, Cathay Pacific made lossess. One arab airline also made losses. So, Long haul premium airlines made losses. Aax last quarter make money. Maybe small amount in tougj environment but is our expectations set correctly? IMHO