KLSE (MYR): CAPITALA (5099)
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Last Price
0.735
Today's Change
-0.01 (1.34%)
Day's Change
0.725 - 0.74
Trading Volume
4,016,500
2024-08-07
2024-08-02
2024-08-02
2024-08-01
2024-07-30
2024-07-29
2024-07-29
BullRUN2021
147 posts
Posted by BullRUN2021 > 2020-04-09 10:43 | Report Abuse
Another scenario>> Airasia currents hedges loses USD150M (eq. RM600M) due to low oil price, however, this low oil price not only damages the costs side, but to stir people to travel they will have to lower ticket charge (low revenue). Combined both profitability will drop in the coming months. Oil price is not expected to increase in price in short time due to excess supply>demand. Reports came out yesterday oil is still piling up. Next year, when all recovers, oil price goes up. Airasia have to continue charging low>mid price to boost the consumer confidence. Next year profit also likely to drop. (unedited version but that's the gist)