Posted by mf > 2020-05-15 01:17 |

Post removed.Why?

Posted by ocpd > 2020-05-15 08:56 | Report Abuse

Airasia will survive even after bankrupt ... just under different owners.

https://www.bloomberg.com/news/articles/2020-05-14/bidders-are-lining-up-to-buy-virgin-australia-after-collapse

Posted by EatCoconutCanWin > 2020-05-15 08:57 | Report Abuse

buy in buy in... nothing to worried.

Posted by anchovy89 > 2020-05-15 09:28 | Report Abuse

airasia studying to increase ticket flight? bad signs?

Posted by Victor Yong > 2020-05-15 09:30 | Report Abuse

More people can't afford full service airlines, will fly cheaper alternative like AirAsia :)

Posted by Victor Yong > 2020-05-15 09:31 | Report Abuse

Leasing planes allow AirAsia the flexibility to reduce the number of planes leased probably

Posted by Victor Yong > 2020-05-15 09:32 | Report Abuse

Staff pay cut, unpaid, etc will mitigate AirAsia's losses in the short run

Posted by Victor Yong > 2020-05-15 09:33 | Report Abuse

Lending rate had been reduced, also help to cut AirAsia finance cost if any

Posted by Victor Yong > 2020-05-15 09:34 | Report Abuse

Waiting for merger news with mas or govt's help like Singapore govt helping Sia :)

Be positive :)

Posted by Victor Yong > 2020-05-15 09:35 | Report Abuse

Think like jack Ma , think about survival this year, don't talk about making profit :)

Posted by Victor Yong > 2020-05-15 09:37 | Report Abuse

Brent oil price is above usd31 per barrel today. Hedging oil price could be neutral, minimise losses if any :)

Posted by Victor Yong > 2020-05-15 09:40 | Report Abuse

Aax in the respective ASEAN countries will raise funds or help from the respective countries

Posted by Victor Yong > 2020-05-15 11:05 | Report Abuse

DUBAI: The head of the world’s busiest international air hub is confident that passengers will return to the skies in droves once they believe it’s safe. He’s just not sure when that will occur.

Activity has slowed to a trickle at Dubai International airport, which handled some 86.4 million passengers last year.

Dubai Airports chief executive officer Paul Griffiths said he expected a hockey stick-like resumption in traffic driven by pent-up demand, but only after there’s a lasting solution to the coronavirus pandemic that’s hammered air travel across the globe.

“Until there is the sort of proven level of confidence medically that people can safely travel without fear of contracting or spreading the virus, unfortunately the situation we find ourselves in will likely continue for some time, ” Griffiths said in an interview.

“Gradually we’ll start to see some confidence build, ” he said, starting with countries that have gotten the spread of the virus under control.

In the meantime, Dubai International would have to make do running at about 30% of capacity, Griffiths said, even as long-distance heavyweight Emirates prepares to resume travel to nine destinations on May 21.

The airport is implementing precautions like disinfection and social distancing, while looking for reliable, quick and easily administered coronavirus testing to help screen passengers, he said.

The travel industry is reeling after governments around the world blocked non-essential arrivals to reduce Covid-19 infections. Going forward, mandated quarantine periods and social-distancing measures would deter many travellers and keep airports operating at reduced capacity until a vaccine or other treatments are available, Griffiths said.

It could take as long as two years before demand returns to pre-Covid-19 levels, he estimated. Others take an even gloomier view. The International Air Transport Association, a trade group, doesn’t see travel globally recovering to last year’s levels until 2023 at the earliest.

The UK aims to impose a 14-day quarantine on travellers arriving by air from the end of May, while Iceland plans to test all airline passengers arriving at Keflavik Airport for coronavirus by June 15. Those who test negative will be spared a mandatory two-week period of isolation.

Since the virus hit, Dubai Airports has closed two terminals and three concourses, and nearly halved its workforce by ending and suspending service contracts with companies providing around 2,500 people.

The airport operator, which is owned by Dubai’s government but run on a commercial basis, isn’t likely to require state help or additional funds, the CEO said.

“We’re still trying to find that sweet spot between cost control and still being able to function and be ready for the recovery, ” Griffiths said.

“We’ve sized our infrastructure according to the operation that we have both now and what we foresee in the near future. What we are doing is putting plans in place to ensure we can recall our infrastructure.”

Currently, Emirates is flying through terminal 3 and half of concourse B, while budget carrier FlyDubai and foreign airlines are using terminal 2. As operations ramp up, some foreign carriers will be moved to terminal 3 “until we get to a point of volume and demand where that will justify opening more of the terminal capacity, ” Griffiths said.

So far, 52,000 people have left Dubai on repatriation flights to India, the UK, the Netherlands, Iraq and the Philippines, he said. Meanwhile, cargo flights are booming, with around 700 a week providing a lifeline for the city.

Dubai, which turned itself into a global air travel hub connecting 260 cities, is likely to emerge stronger, Griffiths said. — Bloomberg

Posted by EatCoconutCanWin > 2020-05-15 11:07 | Report Abuse

Airasia produce ventilator and PPE for covid-19.5.

Posted by Victor Yong > 2020-05-15 11:09 | Report Abuse

KUALA LUMPUR: Khazanah Nasional Bhd is not convinced by Golden Skies Ventures Sdn Bhd's US$2.5 billion (RM10.88 billion) offer to fully acquire its subsidiary Malaysia Airlines Bhd, despite the latter having claimed a financing back up from a European bank.

The sovereign wealth fund is skeptical on the proposal, saying that Golden Skies had not been able to prove its source of funding.


Khazanah managing director Datuk Shahril Ridza Ridzuan said it would be “cautious” on whether the offer was made with financial backing, given the global airline crisis and credit risk aversion.

“Plus their (Golden Skies') original proposal relied 100 per cent on debt funding from third parties. They do not have any equity of their own,” Shahril told the New Straits Times (NST) today.

Khazanah is Malaysia Airlines' sole shareholder through its holding company Malaysia Aviation Group (MAG).

Reuters today reported that Golden Skies had secured loans in excess of US$2.5 billion from a European bank and would take up to four months to get the long-term financing.

The Edge weekly had first reported Golden Skies' proposal over the weekend.

The company reportedly declined to reveal the firms involved and said it was also in talks with other foreign banks and private equity firms for further funding.

Golden Skies had submitted its proposal to Morgan Stanley, the banker hired by Khazanah.

Air France-KLM, Japan Airlines and domestic carriers AirAsia Group Bhd and Malindo Air were previously said to have shown interest in Malaysia Airlines.

Posted by Victor Yong > 2020-05-15 11:11 | Report Abuse

Maybe, azmin wanted to leave a legacy merging mas with AirAsia which najib failed and made a U-turn last time :)

Posted by Victor Yong > 2020-05-15 11:15 | Report Abuse

PN govt should announce something for the airlines soon :) so slow compared to Singapore government :)

PUBLISHED APR 30, 2020, 7:35 PM SGT

Wong Kai Yi
SINGAPORE - No effort will be spared to ensure that Singapore Airlines and the aviation sector will see through the current crisis, Prime Minister Lee Hsien Loong said on Thursday (April 30).

"The Singapore Airlines Group (SIA) has been severely hit. As our national carrier, SIA has supported our efforts to fight Covid-19," PM Lee said in his May Day message.

"They help to fly in essential supplies. They have mounted evacuation flights to bring Singaporeans home. Their cabin crew are serving as care ambassadors in hospitals, and safe distancing ambassadors in trains, markets and malls," he said, outlining what SIA and its staff are doing to combat the coronavirus.


"But like most other airlines, most SQ flights will remain grounded for some time. SIA management have taken pay cuts. The unions and the workers have accepted sacrifices too," he added.

"All in SIA understand that the airline is facing its biggest crisis ever. They are all doing their part to help the company survive."

PM Lee noted that tourism and aviation will take much longer to recover than other sectors, because international travel will remain restricted as long as Covid-19 is still a problem around the world.

Air transport, he added, is fundamental to Singapore's role as a global and regional hub.

"It is a strategic sector. This is why the Government is providing extra support for aviation," he said.

Last Friday, SIA announced that it would extend its flight cancellations to the end of June amid travel restrictions around the globe. At present, SIA has passenger flights to just 15 destinations, compared with more than 130 normally.

Posted by BATFLY > 2020-05-15 11:35 | Report Abuse

Flight cancellation till end of June.. See liou...

Posted by Victor Yong > 2020-05-15 11:36 | Report Abuse

Flight promo to Asia and beyond
Seats are limited. Book now before they're all gone.


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Posted by Victor Yong > 2020-05-15 11:37 | Report Abuse

Flight promo to Asia and beyond
Seats are limited. Book now before they're all gone.



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*For BIG Members who pay with BigPay

Posted by Victor Yong > 2020-05-15 11:38 | Report Abuse

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Posted by Victor Yong > 2020-05-15 11:39 | Report Abuse

:)

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Posted by Victor Yong > 2020-05-15 12:00 | Report Abuse

SEPANG, 5 May 2020 - AirAsia Group is among the top airline brands that are well positioned to survive the Covid-19 crisis, judging from its cash position, brand strength and brand value, says independent brand valuation consultancy Brand Finance.

Brand Finance recently released its annual report on the most valuable and strongest airline brands -- the Brand Finance “Airlines 50” for 2020.

AirAsia was the only low cost carrier from ASEAN featured on the list, registering a 15.5% year-on-year growth in brand value -- the highest in Asia and the second highest amongst all airlines globally, thus making it one of the top 25 most valuable airline brands in the world.

In the 10 Strongest Brands ranking of the report, AirAsia was rated as having the highest year-on-year increase and one of only four airline brands in the world to have an AAA+ rating. This was based on marketing investment, familiarity, loyalty, staff satisfaction and corporate reputation.

Samir Dixit, Managing Director, Brand Finance Asia Pacific, commented: “While there were very few brands that had positive brand value growth, AirAsia found itself to be a strong contender with some of the best brands in the world. This can undoubtedly be attributed to the consistency of brand experience and the brand building efforts by AirAsia across customers and other stakeholders. The current Covid-19 crisis presents a dangerous threat to airlines, and will not be easy to manage given that airlines will struggle to recapture lost demand and could lose up to 20% of overall brand value. The only thing that will drive customer preference in difficult times is the brand and the airline brands that are weaker may not even survive the crisis. Based on our criteria, we found AirAsia to be one of the 30 global airline brands well poised to survive the Covid-19 crisis.”

President (Airlines) of AirAsia Group, Bo Lingam said: “We are truly honoured by this achievement that acknowledges our quest for continual improvement in all that we do at AirAsia. We will never stop to always put our customers first, at the core of every decision we make to ensure we provide the very best value for air travel experience. Value, innovation and choice are three cornerstones to our brand and this is a testament to the dedication and hard work from all of us at AirAsia.”

After a period of hibernation following the Covid-19 pandemic, AirAsia last week resumed scheduled domestic flights in Malaysia and Thailand with strict health controls and social distancing protocol in place, in compliance with the regulations. Resumption of services will follow in the Philippines, Indonesia, India and Japan soon, and will include international destinations around the network, once the situation improves and governments lift borders and travel restrictions.

Posted by EatCoconutCanWin > 2020-05-15 13:30 | Report Abuse

i am sure is a good invest now. as everyone is immunity with covid-19. nothing to worried as death toll only for old people. youngster suitable for travel as they hard to die. crude oil at low price and airasia always the lowest cost flight in the world. peace and will goreng soon, results is expected that will double loss ~5million to 6mil. Big shark goreng soon.

Posted by Hope123 > 2020-05-15 14:00 | Report Abuse

https://www.facebook.com/100366473389140/posts/3072884146137343/

Posted by PARKER > 2020-05-15 14:36 | Report Abuse

Tp 0.4 + run

Posted by Victor Yong > 2020-05-15 16:05 | Report Abuse

possible ada right issue?????

Posted by Victor Yong > 2020-05-15 16:06 | Report Abuse

look at the quarterly report this month, how much cash left as at 31 march 2020... many analysts will write a lot whether cash cukup blah3

Posted by risktransformer > 2020-05-15 16:06 | Report Abuse

Wah! Victor Yong, are u working for AA as a sales promoter? Any way, looks like AA share price is beginning to fly (slowly moving up a bit).

Posted by Lee Kim Chong > 2020-05-15 16:23 | Report Abuse

Aasia will survive. It is still in operation while many others have gone bankrupt. It will take time before it can fly like it's prime days. Of course the ticket price have to be adjusted to to keep their planes in the air. 'Now, everyone can fly' may not be true for many years

Posted by sampooler > 2020-05-15 16:53 | Report Abuse

slowly la.. base on the chart... need 2 years to rise rm3

haha..

Posted by newbie1111 > 2020-05-15 17:37 | Report Abuse

AA try to replace lose business with e-commerce, but setting up a new e-commerce venture is a money pit for years and years even when economic conditions are good. AA now need to overcome multiple established competitors with well developed infrastructure and brand recognition while not able to dump huge amount of money required to be a start-up in this field

Posted by sampooler > 2020-05-15 18:05 | Report Abuse

AA hv good position to develop eCommerce... in beginning definitely slow, once well know, it will grow exponentially.

Posted by newbie1111 > 2020-05-15 18:48 | Report Abuse

What is good about AA position to develop e-commerce? They are a company that need to conserve cash. Start up in this field need to burn mountain of cash in the initial phase to build up the their platform, lure vendor and customer away from entrenched competition which would certainly fight back. The business would not make money for years even when it was successful in build up marketshare

Posted by sampooler > 2020-05-15 20:20 | Report Abuse

1) AA got so many existing staffs... can fully utilise... why wasting times and manpower. many of them are intelligent.

2) Build ecommerce from zero is the cheapest way.. compare to buy a existing platform that could cost millions and not guarantee can survive after a year.

3) over thousands of staffs to promote the products and brand for free. later on the body of their plane will have their ourshop.com logo..the words is fit in the body plane nicely because not too long. haha....

Posted by sampooler > 2020-05-15 20:24 | Report Abuse

....But OURSHOP.COM loading pages is very slow... it need to improve the speed.

Posted by newbie1111 > 2020-05-15 21:05 | Report Abuse

AA staff are trained for aviation field, the domain knowledge is completely different from ecommerce. they are paid for their aviation domain knowledge, not for novice ecoomerce knowledge. it is a waste of their skill developed through years of training and experience to suddenly change field.

ecommerce platform does not start from zero, if you have not product and service to sell, customer will not come, if you platform dont have continue to have new product and service customer will leave. existing ecommerce platform have drop millions and millions over years to develop their product catalog and logistic, taking customer from these specialist are not going to be cheap and you cannot do with with staff that are not specialist in ecommerce field.

AA are not even good at hosting their regular website, every time there is high load the site will hang. ecommerce site all have to develop a robust platform to deal with surge demand, there is zero sign that AA already had such capability.

Posted by mf > 2020-05-16 03:01 |

Post removed.Why?

Posted by Lanesra > 2020-05-16 11:15 | Report Abuse

Wow, sifu lanesra is suprised that so many AA supporters still. Becareful or you might really dig your own hole.

Posted by marvo88 > 2020-05-16 11:33 | Report Abuse

im a still believer in AA.. will never sell my shares

Posted by Nepo > 2020-05-16 11:55 | Report Abuse

Smart people follow Warren Buffett sell Airlines biz such as AirAsia because he sold off all hisairlines shares. Now Warren starts to sell banking stocks and guess what。。these smart guys will also follow him to sell off banking stocks..don't do 跟屁虫。。do u own analysis, BELIEVE YOURSELF..

Posted by BursaFollower > 2020-05-16 12:00 | Report Abuse

people will fly eventually. AirAsia will rise again. Soon.

Posted by wees123 > 2020-05-16 12:27 | Report Abuse

yeah, althought i abit scared seeing it drops every week from 0.80c + now 0.70 + , selling now i wont rugi much also la, but i still holding it,, coz i wan to bet againts warren buffer so next time i can tell my children warren buffer sell off billions of shares from airline... i still keep my 50k shares for air asia. hahahahaha

Posted by risktransformer > 2020-05-16 13:44 | Report Abuse

Don't follow Warren Buffet blindly..... he had to cut-losses after losing USD 50 billion in the first 3 months of 2020.

https://www.cnbc.com/2020/05/02/warren-buffetts-berkshire-posts-record-net-loss-of-nearly-50-billion-on-coronavirus.html

If u don't have USD 50 billion losses like Warren Buffet then u don't have to follow what Warren Buffet did in selling of all his Airlines portfolio.

Posted by wutohpakhang > 2020-05-16 13:57 | Report Abuse

waiting back at 63 cents......

Posted by sampooler > 2020-05-16 15:09 | Report Abuse

https://www.sinchew.com.my/content/content_2272746.html

Posted by EatCoconutCanWin > 2020-05-16 15:34 | Report Abuse

Impairment loss + profit loss + No net cash , this company is the good start for beginners to invest in. Tony wound let's his AirAsia down, government will soon merger MAS + AirAsia = Air Masia . Both sure up up back ..yeepee

Posted by Zuliana > 2020-05-16 18:56 | Report Abuse

No easy meat for AA to conquer online commerce.
If it was easy, after a few years AA oredy King of e commerce la.
Stony talk cock about AA digital empire.
But no doubt AA is king of aviation in SEAsia.

Posted by Nepo > 2020-05-16 18:58 | Report Abuse

Impairment any impact?
It depends。
You can refer Genting Resort World BHD w/o impairment loss for Resort World Las Vegas,the share price virtually had no impact. Investors are smarter now..
16/05/2020 6:56 PM

Posted by mf > 2020-05-16 19:02 | Report Abuse

Challenges ahead for transport, logistics sector
Source : AmInvest, Price Call : SELL, Price Target : 0.43
Last Price : 0.74, Upside/Downside : -0.31(41.89%)