Folks, as the continued rise in U.S. stocks to record highs has led to some speculation about the formation of a market bubble, investors are not appreciating the full risk of another 1999-style bubble.

This week the S&P 500 and the Dow Jones Industrial Average both surged to record highs of 1,775.22 and 15,721 respectively. The two global benchmarks closed slightly lower on Wednesday, however, following slightly less dovish than expected comments from the Federal Reserve.

The healthy performance seen this year has been purely driven by the Fed's expansive quantitative easing (QE) program, rather than valuations, a sure sign of the potential for a correction. So folks, will the rally continue?

Asian stocks tracked their U.S. peers lower on Thursday following a less dovish than expected tone from the Federal Reserve.

As widely expected, the Federal Reserve on Wednesday opted to leave its $85-billion-a-month bond-purchasing program intact at its October policy meeting. But the tone of the Fed's statement was less dovish than expected.

The market is being supported by the Fed but is also going up while future earnings may prove to be too weak to ultimately support it, McMillan said. He said the market has been setting up for a sell off.

"I think it's overvalued. We're overdue for a significant one," he said. "That said, I don't think that's necessarily going to happen."

Careful now folks! With not so positive news from the FED & probably poor earnings from AA is just like pouring fuel to fire on the share price.

Folks, while waiting for the 3QE13 anouncement let relook the earnings during the 2Q!

Revenue:
(2Q13) Rm 1.246b
(1Q13) Rm 1.300b

Operating expenses:
(2Q13) -Rm1.002b
(1Q13) -Rm1.045b

Finance Income:
(2Q13) Rm14.306m
(1Q13) Rm19.771m

Finance Costs:
(2Q13) -Rm109.412m
(1Q13) -Rm106.294m

Foreign Exchange gains/(losses) on borrowings:
(2Q13) -Rm122.718m
(1Q13) -Rm37.688m

Forex gain/(loss) on amt due from associate:
(2Q13) Rm8.228m
(1Q13) Rm4.889m

Current Taxation:
(2Q13) -Rm6.262m

Deferred taxation:
(2Q13) -Rm47.999

Share of results of jointly controlled entities:
(2Q13) Nil
(1Q13) -Rm2.346m

Share of results of associates:
(2Q13) Nil
(1Q13) -Rm1.420m

So a total LOSS of -RM19.917m for 2Q13
#######################


Plus with Gain on disposal of interest in AA Japan 2Q13: Rm78.265

Profit after tax :
(2Q13) Rm58.348m
(1Q13) Rm104.793m

Cash and cash equivalents:
(2Q13) Rm1.639b
(1Q13) Rm2.156b

Trade & Other Payables:
(2Q13) Rm1.233b

Total Debt:
(2Q13) Rm8.813b
(1Q13) Rm8.464b

*Yes folks, a LOSS of Rm19.917m without AA Japan sale gains.

*Forward loads in Malaysia for the remaining months of the 3Q13 are lower than in the prior year with base fares slightly lower than the prior year.

*No dividend recommended for the quarter ended 30 June 2013

*51.92% of AA were held by foreigners

Investors have short memories!!

Folks, the Delhi High Court Wednesday asked the union government to not to take a decision on the AirAsia deal till Dec 11, the next date of hearing on a plea filed by BJP leader Subramanian Swamy.

Remember folks, as its not helping matters that the airline’s costs and projections are already out of whack. It is paying salaries to its 200-odd employees every month, while the rupee charts its own course. A senior AirAsia India employee told BW, on condition of anonymity, that calculations have gone awry — but not enough to pose a real problem as they have budgeted for some delays in clearances.

So how now?

AK 6049 30/10/2013 11:15 PM JOHOR BHARU-KUALA LUMPUR CANCELLED

AK 5229 30/10/2013 09:30 PM KUCHING-KUALA LUMPUR CANCELLED

QZ 8457 30/10/2013 09:30 PM BANDUN-KUALA LUMPUR CANCELLED

AK 1061 30/10/2013 09:10 PM NANNING-KUALA LUMPUR CANCELLED

QZ 8208 30/10/2013 08:45 PM JAKARTA-KUALA LUMPUR CANCELLED

AK 5173 30/10/2013 08:40 PM LABUAN-KUALA LUMPUR CANCELLED

QZ 8298 30/10/2013 08:20 PM SURABAYA-KUALA LUMPUR CANCELLED

AK 1475 30/10/2013 07:50 PM PHNOM PENH-KUALA LUMPUR CANCELLED

QZ 8206 30/10/2013 07:35 PM JAKARTA-KUALA LUMPUR CANCELLED

AK 5241 30/10/2013 06:15 PM BINTULU-KUALA LUMPUR CANCELLED

QZ 8451 30/10/2013 05:45 PM BANDUNG-KUALA LUMPUR CANCELLED

D7 0247 30/10/2013 04:20 PM ADELAIDE-KUALA LUMPUR CANCELLED

AK 5207 30/10/2013 03:50 PM KUCHING-KUALA LUMPUR CANCELLED

AK 1035 30/10/2013 02:45 PM GUILIN-KUALA LUMPUR CANCELLED

AK 5227 30/10/2013 02:10 PM KUCHING-KUALA LUMPUR CANCELLED

AK 1331 30/10/2013 01:30 PM BALIKPAPAN-KUALA LUMPUR CANCELLED

AK 1343 30/10/2013 01:00 PM PEKANBARU-KUALA LUMPUR CANCELLED

QZ 8397 30/10/2013 12:30 PM DENPASAR-KUALA LUMPUR CANCELLED

AK 1337 30/10/2013 12:15 PM SOLO CITY-KUALA LUMPUR CANCELLED

AK 1329 30/10/2013 11:20 AM BANDUNG-KUALA LUMPUR CANCELLED

QZ 8393 30/10/2013 11:10 AM DENPASAR-KUALA LUMPUR CANCELLED

QZ 8291 30/10/2013 09:50 AM SURABAYA-KUALA LUMPUR CANCELLED

QZ 8113 30/10/2013 09:45 AM U. PADANG-KUALA LUMPUR CANCELLED

AK 1451 30/10/2013 08:45 AM HO CHI MINH-KUALA LUMPUR CANCELLED

AK 6046 30/10/2013 08:05 AM JOHOR BHARU-KUALA LUMPUR CANCELLED

D7 0173 30/10/2013 07:25 AM JEDDAH-KUALA LUMPUR CANCELLED

AK 1237 30/10/2013 10:10 PM KUALA LUMPUR-TIRUCHIRAPALLI CANCELLED

QZ 8458 30/10/2013 10:05 PM KUALA LUMPUR-BANDUNG CANCELLED

QZ 8209 30/10/2013 09:15 PM KUALA LUMPUR-JAKARTA CANCELLED

QZ 8297 30/10/2013 08:45 PM KUALA LUMPUR-SURABAYA CANCELLED

QZ 8207 30/10/2013 08:20 PM KUALA LUMPUR-JAKARTA CANCELLED

QZ 8452 30/10/2013 06:15 PM KUALA LUMPUR-BANDUNG CANCELLED

AK 5228 30/10/2013 05:35 PM KUALA LUMPUR-KUCHING CANCELLED

AK 1474 30/10/2013 03:30 PM KUALA LUMPUR-PHNOM PENH CANCELLED

AK 5172 30/10/2013 03:30 PM KUALA LUMPUR-LABUAN CANCELLED

AK 5240 30/10/2013 01:40 PM KUALA LUMPUR-BINTULU CANCELLED

AK 1060 30/10/2013 01:10 PM KUALA LUMPUR-NANNING CANCELLED

QZ 8398 30/10/2013 01:00 PM KUALA LUMPUR-DENPASAR CANCELLED

AK 5206 30/10/2013 11:55 AM KUALA LUMPUR-KUCHING CANCELLED

AK 1324 30/10/2013 11:55 AM KUALA LUMPUR-YOGYAKARTA CANCELLED

QZ 8394 30/10/2013 11:40 AM KUALA LUMPUR-DENPASAR CANCELLED

AK 1342 30/10/2013 10:50 AM KUALA LUMPUR-PEKANBARU CANCELLED

QZ 8292 30/10/2013 10:15 AM KUALA LUMPUR-SURABAYA CANCELLED

AK 5226 30/10/2013 10:15 AM KUALA LUMPUR-KUCHING CANCELLED

QZ 8112 30/10/2013 10:10 AM KUALA LUMPUR-U. PADANG CANCELLED

AK 1034 30/10/2013 05:55 AM KUALA LUMPUR-GUILIN CANCELLED

View here: http://flight.klia.com.my/fids.aspx

AA noted that its outlook should be seen in the context of current prices of oil and aviation fuel, which have significant impact on its operating margins.

Will the rally continue?

"I don't think AA will cancel the orders they have placed now, unless the results are really bad. Qantas fell into losses and I don't see this happening to AA," TA Securities analyst added.

Earlier last month, Australia's struggling flagship carrier Qantas Airways cancelled orders for 35 Boeing Dreamliner jets to cut costs after posting a full-year net loss for the first time in 17 years.

Folks, only time will tell as a small leak can sink a GREAT ship!

Remember folks, AA’s 2QE13 core profit dropped due to the higher-than-expected deterioration in revenue per available seat kilometer (RASK) by 6.2 per cent year on year (y-o-y) even though jet fuel prices fell 7%.

So how about the 3QE13, with high jet fuel prices & weak ringgit? Investors have short memories!!

Will AA 3Q earnings be pressured by the stiff competition, high jet fuel prices & the 3.8% yoy appreciation of the US$ vs. ringgit, which raised aircraft overflying charges, maintenance costs and debt expense?

Time will tell. Careful now!

3Q results for both AA and MAS are expected to be poor. In 2Q13, MAS's core net losses widened 18% despite the better economics of the newer fleet while AA Malaysia's core net profit fell 25% yoy because of widespread yield declines - CIMB

Are you ready to catch the falling knife soon, folks? or Are you selling now to buy cheaper later?

Remember folks, a small leak can sink a GREAT ship!!!!!!

What Happened? Folks, AA upside will be capped by the poor yield environment.

MAS released very strong 3Q operating statistics recently, with international passenger load factors (PLF) rising 10.7% pts to a record 85.3% and domestic PLF advancing 8.3% pts to 81.7%, also an all-time high. International RPK demand rose a staggering 36.2% yoy while domestic RPK jumped an unbelievable 44.6% yoy in 3Q13. These numbers were the direct result of a deliberate decision by the current MAS management team to expand its capacity by deploying its planes more hours daily, and cut its ticket pricing in order to defend its market share against lower-cost competitors such as AA and Malindo.

So how, folks? Will the rally continue? Yes of course but sadly to the south!! Hahahahahahahah!!

MAS cabin load and demand numbers for 3Q13 were astonishingly high, foretelling weak results for both MAS and AirAsia as yields must have been slashed to produce the phenomenal passenger volumes.

Only MAHB was smiling this autumn. So how, folks? Heheheheheheh!!

Remember folks, EMs turmoil happened in 3Q. Jet fuel price was high while ringgit weaken. What do you expect the financial results for the 3Q13 be?

Investors have short memories!!

Dear investors, are you ready to hold AA shares longer?

The government unveiled several initiatives in Budget 2014 last Friday that will have a profound impact on the aviation sector. The proposed 6% GST effective 1 April 2015 is clearly negative for airlines, with airfares for domestic flights and PSCs for both domestic and foreign flights subject to GST. Because of heavy competition, the airlines may have limited ability to pass on the GST and will have to absorb most of it themselves.

Remember folks, the 3QE13 will be announced soon. Do you think the 3QE13 will be good? Careful now!

Folks, is AA ready for GST?

The planned 6% GST effective in April 2015 is negative for airlines as most domestic flights will be taxed. As the competitive environment is now intense, the airlines may not be able to fully raise their ticket prices and have to absorb the GST, hurting profitability.

Folks, previous results for the financial period ended 30/9/2012
Revenue: RM1.238 billion
Profit/(loss) before tax: RM259 million
Profit/(loss) for the period: RM158 million

Will the financial results for period ended 30/09/2013 be better than the previous corresponding quarter?

Careful now as a small leak can sink a GREAT ship! Hehehehehehe!!

QZ 8295 29/10/2013 10:00 PM SURABAYA-KUALA LUMPUR CANCELLED

D7 0233 29/10/2013 09:45 PM PERTH-KUALA LUMPUR CANCELLED

QZ 8457 29/10/2013 09:30 PM BANDUNG-KUALA LUMPUR CANCELLED

AK 5229 29/10/2013 09:30 PM KUCHING-KUALA LUMPUR CANCELLED

QZ 8208 29/10/2013 08:45 PM JAKARTA-KUALA LUMPUR CANCELLED

AK 5173 29/10/2013 08:40 PM LABUAN-KUALA LUMPUR CANCELLE

QZ 8395 29/10/2013 07:45 PM DENPASAR-KUALA LUMPUR CANCELLED

AK 5241 29/10/2013 06:15 PM BINTULU-KUALA LUMPUR CANCELLED

QZ 8451 29/10/2013 05:45 PM BANDUNG-KUALA LUMPUR CANCELLED

QZ 8162 29/10/2013 04:20 PM JAKARTA-KUALA LUMPUR CANCELLED

QZ 8304 29/10/2013 04:10 PM SURABAYA-KUALA LUMPUR CANCELLED

QZ 8595 29/10/2013 01:50 PM BANDUNG-KUALA LUMPUR CANCELLED

AK 1343 29/10/2013 01:00 PM PEKANBARU-KUALA LUMPUR CANCELLED

QZ 8397 29/10/2013 12:30 PM DENPASAR-KUALA LUMPUR CANCELLED

QZ 8393 29/10/2013 11:10 AM DENPASAR-KUALA LUMPUR CANCELLED

QZ 8291 29/10/2013 09:50 AM SURABAYA-KUALA LUMPUR CANCELLED

QZ 0668 29/10/2013 08:25 AM PEKANBARU-KUALA LUMPUR CANCELLED

QZ 8296 29/10/2013 10:25 PM KUALA LUMPUR-SURABAYA CANCELLED

QZ 8458 29/10/2013 10:05 PM KUALA LUMPUR-BANDUNG CANCELLED

QZ 8209 29/10/2013 09:15 PM KUALA LUMPUR-JAKARTA CANCELLED

QZ 8396 29/10/2013 08:15 PM KUALA LUMPUR-DENPASAR CANCELLED

QZ 8594 29/10/2013 06:50 PM KUALA LUMPUR-BANDUNG CANCELLED

QZ 8452 29/10/2013 06:15 PM KUALA LUMPUR-BANDUNG CANCELLED

AK 1624 29/10/2013 06:10 PM KUALA LUMPUR-PHUKET CANCELLED

AK 5228 29/10/2013 05:35 PM KUALA LUMPUR-KUCHING CANCELLED

D7 0306 29/10/2013 05:25 PM KUALA LUMPUR-HANGZHOU CANCELLED

QZ 8163 29/10/2013 04:45 PM KUALA LUMPUR-JAKARTA CANCELLED

QZ 8305 29/10/2013 04:35 PM KUALA LUMPUR-SURABAYA CANCELLED

QZ 8294 29/10/2013 04:15 PM KUALA LUMPUR-SURABAYA CANCELLED

QZ 8596 29/10/2013 02:20 PM KUALA LUMPUR-BANDUNG CANCELLED

AK 5240 29/10/2013 01:40 PM KUALA LUMPUR-BINTULU CANCELLED

QZ 8398 29/10/2013 01:00 PM KUALA LUMPUR-DENPASAR CANCELLED

QZ 8394 29/10/2013 11:40 AM KUALA LUMPUR-DENPASAR CANCELLED

D7 0172 29/10/2013 11:30 AM KUALA LUMPUR-JEDDAH CANCELLED

AK 1342 29/10/2013 10:50 AM KUALA LUMPUR-PEKANBARU CANCELLED

QZ 8292 29/10/2013 10:15 AM KUALA LUMPUR-SURABAYA CANCELLED

QZ 0669 29/10/2013 10:00 AM KUALA LUMPUR-PEKANBARU CANCELLED

QZ 8392 29/10/2013 09:30 AM KUALA LUMPUR-DENPASAR CANCELLED

D7 0232 29/10/2013 08:50 AM KUALA LUMPUR-PERTH CANCELLED

View here: http://flight.klia.com.my/fids.aspx

Folks, pre-budget optimism drove the FBM KLCI higher by 17.98 points, a 1.00% rise, during the week to close at 1,817.57. Its current year PER ended at year high level of 17.03x.

But sadly the budget provides no material surprises that may spur further trading interest in the equity market.

Only stocks with good quarter earnings announcements will boost their shares price further. Will AA be one of them? Time will tell!

WILL TAKE-OFF BE DELAYED?

'The DGCA grants the Air Operators Permit (AOP) after assessing the preparedness of a start-up airline to launch flights.

'AirAsia India had applied to the DGCA for AOP on October 4, two weeks after it received NOC from the Ministry of Civil Aviation.

'The DGCA may be able to issue the AOP by early November to the company.

'However, the airline has not imported aircraft or completed recruitment, which may hold up checks.

So how now, folks? Heheheheheheh!!

Folks, according to latest available information, AA India has 200 employees — pilots, engineers and ground staff. In an interview with Business Standard earlier this year, chief executive officer Mittu Chandilya had said the airline would start operations with 80-100 employees per aircraft, to be brought down to 60-65 in a year.

The DGCA grants the AOP after assessing the preparedness of a start-up airline to launch flights by examining issues such as availability of aircraft, personnel to operate flights as well as those on the ground, aircraft parking space at airports and engineering facilities. After receiving the AOP, it would have to apply to airport operators and DGCA for approval of its routes and network before officially launching the airline.

Considering the time taken in the procedures involved, AA India might start operation only early next year. Folks, could it be the court case brought up by Swammy causing the AA India to play safe????????? Hmmmmm...!!!!!

The official said the procedure for award of AOP was being conducted in accordance with CAP3100, involving a checklist of 36 items. “DGCA has to scrutinise the airworthiness of the aircraft and the preparedness of crew to commence operations. Unless the recruitments are completed, we cannot go ahead with all the checks,” added the official.

Hmmmmmm.........!!

Folks, AA India had applied to the DGCA for an AOP on October 4, two weeks after it received the NOC from the ministry. The NOC enabled it to import the first of three aircraft to Chennai, its intended headquarters. However, the plane has not been brought yet for DGCA scrutiny.

Operations was supposed to start in October then changed to November & later December 2013. How now?

Folks, even as the Directorate General of Civil Aviation (DGCA) is prepared to issue an air operator’s permit (AOP) to AA India, procedural delays on the part of the airline in completing recruitment and import of aircraft to its headquarters in India might hold up the process.

A top government source told Business Standard: “The ministry of civil aviation has already issued a no-objection certificate (NOC) to the airline. If all documents provided by the airline meet the regulatory process, the DGCA should be able to issue the AOP by early November. The airline has, however, not imported aircraft or completed recruitment.”

So how? Maybe still busy trying to save Airasia Zest which was suspended by the authority recently. Heheheheheh!!

Folks, with high fuel price & weak ringgit during the 3Q, will the 3Q earnings be promising for AA?

Remember folks, a small leak can sink a GREAT ship!

Will the rally continue?

AirAsia Zest on Monday said it would mount flights to the second largest city in Malaysia from Manila by December.

"AirAsia Zest is pleased to announce that we are the first and only airline servicing Manila to Miri route, giving our passengers and OFWs access to this majestic city,” Joy Caneba, AirAsia Zest executive vice president and chief operating officer said in a statement.

Folks, Miri the second largest city in Malaysia? Hahahahahahahahah!!

AK 6049 28/10/2013 11:15 PM JOHOR BHARU-KUALA LUMPUR CANCELLED

D7 0171 28/10/2013 10:20 PM JEDDAH-KUALA LUMPUR CANCELLED

D7 0233 28/10/2013 09:45 PM PERTH-KUALA LUMPUR CANCELLED

QZ 8457 28/10/2013 09:30 PM BANDUNG-KUALA LUMPUR CANCELLED

AK 1061 28/10/2013 09:10 PM NANNING-KUALA LUMPUR CANCELLED

QZ 8208 28/10/2013 08:45 PM JAKARTA-KUALA LUMPUR CANCELLED

AK 5173 28/10/2013 08:40 PM LABUAN-KUALA LUMPUR CANCELLED

QZ 8451 28/10/2013 05:45 PM BANDUNG-KUALA LUMPUR CANCELLED

D7 0223 28/10/2013 05:20 PM SYDNEY-KUALA LUMPUR CANCELLED

QZ 8162 28/10/2013 04:20 PM JAKARTA-KUALA LUMPUR CANCELLED

QZ 8397 28/10/2013 12:30 PM DENPASAR-KUALA LUMPUR CANCELLED

AK 1337 28/10/2013 12:15 PM SOLO CITY-KUALA LUMPUR CANCELLED

QZ 8393 28/10/2013 11:10 AM DENPASAR-KUALA LUMPUR CANCELLED

QZ 8291 28/10/2013 09:50 AM SURABAYA-KUALA LUMPUR CANCELLED

QZ 8113 28/10/2013 09:45 AM U. PADANG-KUALA LUMPUR CANCELLED

QZ 0668 28/10/2013 08:25 AM PEKANBARU-KUALA LUMPUR CANCELLED

AK 6046 28/10/2013 08:05 AM JOHOR BHARU-KUALA LUMPUR CANCELLED

D7 0331 28/10/2013 06:45 AM PUDONG-KUALA LUMPUR CANCELLED

D7 0307 28/10/2013 04:25 AM HANGZHOU-KUALA LUMPUR CANCELLED

D7 0222 28/10/2013 11:40 PM KUALA LUMPUR-SYDNEY CANCELLED

QZ 8458 28/10/2013 10:05 PM KUALA LUMPUR-BANDUNG CANCELLED

QZ 8209 28/10/2013 09:15 PM KUALA LUMPUR-JAKARTA CANCELLED

QZ 8452 28/10/2013 06:15 PM KUALA LUMPUR-BANDUNG CANCELLED

QZ 8163 28/10/2013 04:45 PM KUALA LUMPUR-JAKARTA CANCELLED

AK 5172 28/10/2013 03:30 PM KUALA LUMPUR-LABUAN CANCELLED

AK 1060 28/10/2013 01:10 PM KUALA LUMPUR-NANNING CANCELLED

QZ 8398 28/10/2013 01:00 PM KUALA LUMPUR-DENPASAR CANCELLED

QZ 8394 28/10/2013 11:40 AM KUALA LUMPUR-DENPASAR CANCELLED

QZ 8292 28/10/2013 10:15 AM KUALA LUMPUR-SURABAYA CANCELLED

QZ 8112 28/10/2013 10:10 AM KUALA LUMPUR-U. PADANG CANCELLED

QZ 0669 28/10/2013 10:00 AM KUALA LUMPUR-PEKANBARU CANCELLED

D7 0232 28/10/2013 08:50 AM KUALA LUMPUR-PERTH CANCELLED

AK 1330 28/10/2013 07:35 AM KUALA LUMPUR-BALIKPAPAN CANCELLED

AK 1590 28/10/2013 06:45 AM KUALA LUMPUR-CLARKE FIELD CANCELLED

D7 0170 28/10/2013 02:35 AM KUALA LUMPUR-JEDDAH CANCELLED

http://flight.klia.com.my/fids.aspx

Malaysian Airline System Bhd (MAS) and AirAsia Bhd have requested to make oral representations to the Malaysia Competition Commission (MyCC) to rebut the RM10 million fine imposed on both carriers, as a result of the controversial share swap deal between the two major commercial aviation competitors in 2011.

MyCC CEO Shila Dorai Raj said both parties have submitted their written reply to rebutt the preliminary allegation and fine, and have also requested for My- CC’s appointment to hear their cases, in person.

“We have set the dates but have yet to engage with the airlines. So, it will be improper to communicate with them via mass media.

“With the oral presentations to be done soon, MyCC’s final verdict can be finalised by end of this year,” she told reporters at MyCC’s Research Grant handing over ceremony yesterday.

“The Competition Appeal Tribunal is an independent group, without any influence of MyCC. This is how fair the system is to the alleged companies,” she said.

Folks, Tata-SIA hopes to start operation by May.

Meanwhile on AA India starting operations, Tony said, “I would anticipate maybe April or May next year (2014) but I don’t really know”.

So how now, folks? Heheheheheheh!!

Folks, AA Japan has ended its services due to poor business performance, just over one year after its launch. Airline employees watched the last flight depart from Narita Airport on Saturday.

AA Japan was a joint venture between ANA Holdings and AA. In August 2012, the airline began using Narita Airport as a hub. Flights linked Tokyo with Japanese cities such as Sapporo and Fukuoka, and with overseas destinations including Seoul.

However, the airline failed to attract enough passengers, and the 2 companies decided to terminate their joint venture in June.

Japan's ANA Holdings now owns the budget airline. It plans to re-launch services on December 20th under the new name of Vanilla Air.

The new carrier will mainly offer flights from Narita to holiday resorts such as Okinawa, Guam and Hawaii.

There you go, folks!! Heheheheheheheheh!!

D7 0233 27/10/2013 09:45 PM PERTH-KUALA LUMPUR CANCELLED

QZ 8457 27/10/2013 09:30 PM BANDUNG-KUALA LUMPUR CANCELLED

AK 1061 27/10/2013 09:10 PM NANNING-KUALA LUMPUR CANCELLED

AK 5173 27/10/2013 08:40 PM LABUAN-KUALA LUMPUR CANCELLED

QZ 8451 27/10/2013 05:45 PM BANDUNG-KUALA LUMPUR CANCELLED

AK 1814 27/10/2013 04:00 PM SINGAPORE-KUALA LUMPUR CANCELLED

AK 5195 27/10/2013 03:35 PM SANDAKAN-KUALA LUMPUR CANCELLED

QZ 8397 27/10/2013 12:30 PM DENPASAR-KUALA LUMPUR CANCELLED

AK 1337 27/10/2013 12:15 PM SOLO CITY-KUALA LUMPUR CANCELLED

QZ 8393 27/10/2013 11:10 AM DENPASAR-KUALA LUMPUR CANCELLED

QZ 8291 27/10/2013 09:50 AM SURABAYA-KUALA LUMPUR CANCELLED

QZ 8113 27/10/2013 09:45 AM U. PADANG-KUALA LUMPUR CANCELLED

QZ 0668 27/10/2013 08:25 AM PEKANBARU-KUALA LUMPUR CANCELLED

D7 0173 27/10/2013 07:25 AM JEDDAH-KUALA LUMPUR CANCELLED

AK 1240 27/10/2013 07:20 AM CULCUTTA-KUALA LUMPUR CANCELLED

AK 1055 27/10/2013 01:55 AM MACAU-KUALA LUMPUR CANCELLED

AK 5125 27/10/2013 01:50 AM K. KINABALU-KUALA LUMPUR CANCELLED

AK 1089 27/10/2013 01:35 AM ZHENZHEN-KUALA LUMPUR CANCELLED

AK 1017 27/10/2013 01:15 AM GUANGZHOU-KUALA LUMPUR CANCELLED

AK 5221 27/10/2013 01:00 AM KUCHING-KUALA LUMPUR CANCELLED

QZ 8458 27/10/2013 10:05 PM KUALA LUMPUR-BANDUNG CANCELLED

QZ 8209 27/10/2013 09:15 PM KUALA LUMPUR-JAKARTA CANCELLED

QZ 8452 27/10/2013 06:15 PM KUALA LUMPUR-BANDUNG CANCELLED

AK 1624 27/10/2013 06:10 PM KUALA LUMPUR-PHUKET CANCELLED

AK 5172 27/10/2013 03:30 PM KUALA LUMPUR-LABUAN CANCELLED

AK 1060 27/10/2013 01:10 PM KUALA LUMPUR-NANNING CANCELLED

QZ 8398 27/10/2013 01:00 PM KUALA LUMPUR-DENPASAR CANCELLED

QZ 8394 27/10/2013 11:40 AM KUALA LUMPUR- DENPASAR CANCELLED

QZ 8292 27/10/2013 10:15 AM KUALA LUMPUR-SURABAYA CANCELLED

QZ 8112 27/10/2013 10:10 AM KUALA LUMPUR-U. PADANG CANCELLED

QZ 0669 27/10/2013 10:00 AM KUALA LUMPUR-PEKANBARU CANCELLED

AK 1426 27/10/2013 06:55 AM KUALA LUMPUR-YANGON CANCELLED

AK 1482 27/10/2013 06:50 AM KUALA LUMPUR-SIEM REAP CANCELLED

AK 1034 27/10/2013 05:55 AM KUALA LUMPUR-GUILIN CANCELLED

View here: http://flight.klia.com.my/fids.aspx

Budget time, folks!!

Folks, no dividend was recommended for the quarter ended 30 June 2013. So how about quarter ended 30 Sep 2013? Careful now, folks!!

Heheheheheheheh!!

Folks, optimism is denial, so face the facts and move on. It is wise to direct your anger towards problems not people, to focus your energies on answers not excuses.

Beware of the little expenses; a small leak will sink a great ship. 3QE might not be good. Careful now!!

Remember folks, never fall in love with a stock as its not going to be a faithful & loyal lover!

Wakakakakakakak!!

Short-Selling Regulated:
16/10/2013 1,300,000
17/10/2013 624,300
18/10/2013 100,500
24/10/2013 241,200

Careful now, folks!!

Changes in Director's Interest:Dato' Abdel Aziz@ Abdul Aziz Bin Abu Bakar
Disposed 17/10/2013 50,000 Rm2.810

Hmmmmmm....... why selling? 3Q earnings bad? Careful now, folks!

WELLINGTON MANAGEMENT COMPANY, LLP
Disposed 09/10/2013 4,919,200
Disposed 10/10/2013 4,620,770

Why disposing? Maybe the 3Q earnings is not going to be promising? careful now, folks!!

A small leak can sink a GREAT ship! Hahahahahahahahah!!

Employees Provident Fund Board
Disposed 16/10/2013 900,000
Disposed 17/10/2013 3,000,000
Disposed 18/10/2013 3,500,000
Disposed 21/10/2013 1,055,400

Folks, why selling if the 3Q earnings going to be good? Careful now!

Folks, the 3QE announcement is just around the corner. Still remember the 2Q earnings, folks? Well look below........hahahahahhaah!!

Revenue:
(2Q13) Rm 1.246b
(1Q13) Rm 1.300b

Operating expenses:
(2Q13) -Rm1.002b
(1Q13) -Rm1.045b

Finance Income:
(2Q13) Rm14.306m
(1Q13) Rm19.771m

Finance Costs:
(2Q13) -Rm109.412m
(1Q13) -Rm106.294m

Foreign Exchange gains/(losses) on borrowings:
(2Q13) -Rm122.718m
(1Q13) -Rm37.688m

Forex gain/(loss) on amt due from associate:
(2Q13) Rm8.228m
(1Q13) Rm4.889m

Current Taxation:
(2Q13) -Rm6.262m

Deferred taxation:
(2Q13) -Rm47.999

Share of results of jointly controlled entities:
(2Q13) Nil
(1Q13) -Rm2.346m

Share of results of associates:
(2Q13) Nil
(1Q13) -Rm1.420m

Profit after tax 2Q13 b4 AA Japan sale gain: -RM19.917m
####################################

Investors have short memories!!

Gain on disposal of interest in AA Japan 2Q13: Rm78.265

Profit after tax :
(2Q13) Rm58.348m
(1Q13) Rm104.793m

Cash and cash equivalents:
(2Q13) Rm1.639b
(1Q13) Rm2.156b

Trade & Other Payables:
(2Q13) Rm1.233b

Total Debt:
(2Q13) Rm8.813b
(1Q13) Rm8.464b

Careful now!!

Folks, the airline is undecided about launch dates, though all indications are for a December-January launch. Pilots and cabin crew have already been sent for training to AirAsia’s headquarters in Malaysia, and around two dozen employees have been sitting in a cramped space within the Chennai airport planning the eventual launch and giving the final touches to the fledgling operation.

The team is waiting patiently for security clearance from the home ministry — a lengthy process. It’s not helping matters that the airline’s costs and projections are already out of whack. It is paying salaries to its 200-odd employees every month, while the rupee charts its own course. A senior AA India employee told BW, on condition of anonymity, that calculations have gone awry — but not enough to pose a real problem as they have budgeted for some delays in clearances.

So how now? Hahahahahahahah!!

AA India is a three-member JV in which AA holds 49% stake, Tata Sons hold 30% and Arun Bhatia holds the remaining 21% stake.

Of the 5 Airbus A320s received by AA Japan, one has been sent to AA Indonesia. Of the remaining 4 new Airbus A320s, two will make their way to AA India, probably MSN 5547 and MSN 5657, the ones with the Sharklets, a necessity for operations in a country with very high fuel prices. One of these Airbus A320s is expected in India in late October 2013 for proving flights

On starting operations, Tony said, “I would anticipate maybe April or May next year (2014) but I don’t really know”. Going by AA Japan’s timelines, AA India may start operations no later than July 2014. Will AA India JV be any different from AA Japan JV, folks? Hmmmmm only time will tell!!

Folks, AA India to receive AA Japan’s aircraft; First aircraft expected in a few days, in India, for proving flights; Air Operator Certificate to be awarded soon; AA Japan: The cause for its failure and why AA India may not follow the same downpath.

11 months after starting operations, AA called off the joint venture, and ANA acquired AA’s entire stake in AA Japan for 2.45 billion yen.

AA Japan possibly suffered from a de-focused Tony, who had too much in his hand, in the light of massive A320 orders and the launch of AA Philippines, which commenced operations in March 2012.

While one of the failures for AA Japan was the high fuel prices, does it mean that AA India will walk down the failed joint-venture’s path?

Time will tell, folks!!

Folks, cancellation because of stiff competition from other airlines thus creating overcapacity?

AK 5219 24/10/2013 11:20 PM KUCHING-KUALA LUMPUR CANCELLED

D7 0171 24/10/2013 10:30 PM JEDDAH-KUALA LUMPUR CANCELLED

D7 0393 24/10/2013 08:00 PM WUHAN-KUALA LUMPUR CANCELLED

D7 0303 24/10/2013 07:15 PM HANGZHOU-KUALA LUMPUR CANCELLED

AK 5241 24/10/2013 06:00 PM BINTULU-KUALA LUMPUR CANCELLED

QZ 8162 24/10/2013 04:15 PM JAKARTA-KUALA LUMPUR CANCELLED

AK 5125 24/10/2013 01:50 AM K. KINABALU-KUALA LUMPUR CANCELLED

AK 5221 24/10/2013 01:00 AM KUCHING-KUALA LUMPUR CANCELLED

AK 5220 24/10/2013 09:00 PM KUALA LUMPUR-KUCHING CANCELLED

AK 5124 24/10/2013 08:20 PM KUALA LUMPUR-K. KINABALU CANCELLED

AK 5218 24/10/2013 07:25 PM KUALA LUMPUR-KUCHING CANCELLED

QZ 8163 24/10/2013 04:40 PM KUALA LUMPUR-JAKARTA CANCELLED

AK 1809 24/10/2013 11:00 AM KUALA LUMPUR-SINGAPORE CANCELLED

AK 1342 24/10/2013 10:50 AM KUALA LUMPUR-PEKANBARU CANCELLED

D7 0392 24/10/2013 09:15 AM KUALA LUMPUR-WUHAN CANCELLED

D7 0170 24/10/2013 02:35 AM KUALA LUMPUR-JEDDAH CANCELLED

View here: http://flight.klia.com.my/fids.aspx

Remember folks, the 3QE will not be as promising for AA. Careful now!!

Yes folks, I’m back from holiday sponsored by Airasia.

Latest: BJP Leader Subramanian Swamy on Saturday asked the government to put on hold the clearances given to the Jet-Etihad deal and to Air Asia India.

Folks, b y any measure, it has been a difficult period for AA’s venture in India — the Malaysia-based airline’s latest fo-reign foray to add to its still expanding no-frills empire.

09/10/13: Trouble for AirAsia: Swamy files PIL in Delhi HC, challenges clearance

What next, folks? Heheheheheheheh!!

Asked on when AirAsia India would start operations, Fernandes said, "I would anticipate maybe April or May next year but I don't really know. I know when we go in, it would be great and change Indian aviation forever."

An aviation analyst shared his views with The Malaysian Reserve, that AirAsia India is likely to miss this year’s deadline and if the airline is ever to kick-off, it would be only next year.

“What would hit them is if they have actually taken aircraft and are already incurring rental and parking charges,” the analyst said, on condition of anonymity.

With the launch almost a certainty to be missed, only time and Indian politics will tell when AirAsia India will eventually take to the skies.

Hahahahahahha.... "maybe April or May 2014?" So how now, folks?

Folks, Vanilla Air will become the new name of AirAsia Japan from 01-Nov-2013. The re-branding exercise follows the Jun-2013 dissolution of the joint-venture between AirAsia & ANA!

What next? Heheheheheheheheh!!