Posted by geary > 2020-07-13 21:46 | Report Abuse

AllYouCanBuy Despite all the bad news around the globe, the DJI Futures rises.

2morrow...Upswing...!!!???

Posted by Yeo Michael > 2020-07-13 21:47 | Report Abuse

Wait, don't hurry to buy yet. 1Q lost over 800 millions, 2Q will be more than 1 billon, April, May & June AA no flying at all, don't expect will turn arount so fast. One the vaccine not yet develope thing will never improve.

Posted by Jack Sparrow > 2020-07-13 21:50 | Report Abuse

https://www.theedgemarkets.com/article/tata-sons-plans-quit-airasia-india-venture

NEW DELHI (July 13): Tata Sons plans to quit its budget airline venture with AirAsia Bhd as the Covid-19 pandemic batters the aviation business, according to an Indian media report on Monday.

Malaysia's AirAsia Bhd owns 49% of AirAsia India, the maximum foreign ownership allowed in an Indian airline, while the remainder is held by Tata Sons.

"Tata is not very keen on staying invested in AirAsia India. AirAsia's Malaysian partner has approached Tata Sons to sell its 49% but Tata has not accepted the offer.

“In fact, the plan — which is at a preliminary stage — is to exit its holding in AirAsia India and focus more on Vistara," Livemint.com reported, citing sources.

Vistara is another one of Tata Group’s airline venture, launched in partnership with Singapore Airlines.

An AirAsia India spokesperson declined to comment when contacted by Bernama.

The airline, which began operating in June 2014, had talked about its plans to launch international services as well as a stock market listing before the pandemic sent the global airline industry into a tailspin.

It has more than two dozen aircraft and a network of 21 destinations in India.

Posted by strattegist > 2020-07-13 21:54 |

Post removed.Why?

Posted by Yeo Michael > 2020-07-13 21:56 | Report Abuse

So many other share can buy, don't gamble with hard saving money on this.. Thai , Singapore, Cathay Pacific, Dalta Airline including Boeing all bail out by the government. AA????

Posted by geary > 2020-07-13 21:58 | Report Abuse

strattegist aiyoooooo

Alamak..mati lah...AA...limit down...0.48...!!!

Posted by DickyMe > 2020-07-13 22:08 | Report Abuse

Life will be back to normal even if vaccine is not found. Basic human instinct of survival will make them to be adventurous. Only stumbling block is government and law.

Posted by Yeo Michael > 2020-07-13 22:14 | Report Abuse

Even AA subscribe right issue to raise fund, what is the point. The internation freight is not flying how to get revenue.

Posted by Yeo Michael > 2020-07-13 22:16 | Report Abuse

Share reduction no value already flood at the market just like Bornoil share.

Posted by DickyMe > 2020-07-13 22:17 | Report Abuse

@Mabel Thanks for your detailed explanation. However, Yeo and Jack have highlighted the pressing challenges facing AA and it certainly is a storm.

It seems, TF had taken precautionary step by declaring about 90% dividend declaration. By adding past dividends, it should have made him net winner, as a shareholder.

Posted by KAQ4468 > 2020-07-13 22:22 | Report Abuse

Ah Tony yet to buy back


70 cents pun dia tak mau woooo
60 cents pun dia tak mau woooo
50 cents pun dia tak mau woooo


ermmmmmmmm

Posted by Good123 > 2020-07-13 23:25 | Report Abuse

Malaysia Airlines and Malindo Airways received the highest number of air traffic rights in allocation in the first half of this year.

Posted by Mabel > 2020-07-13 23:37 | Report Abuse

@DickyMe @Mabel Thanks for your detailed explanation. However, Yeo and Jack have highlighted the pressing challenges facing AA and it certainly is a storm.

It seems, TF had taken precautionary step by declaring about 90% dividend declaration. By adding past dividends, it should have made him net winner, as a shareholder.
13/07/2020 10:17 PM

He sure did...

Fortunately, he did shared his winning as I too managed to enjoy the RM (0.90 + 0.12+0.40+0.12) dividend from this Airlines..I remember many were cheering those days..what a great Airlines AA was...

According to the "50 Airlines" annual report recently released by Brand Finance, AirAsia is among the 30 airlines globally capable of weathering the 2019 coronavirus epidemic crisis; this report is the most valuable and has the most Companies with strong brand strength.

Samir, managing director of the consultancy Asia Pacific, said: "Only a few brands can grow in value, and AirAsia can definitely compete with the world's best aviation brands."

At the same time, he believes this is due to AirAsia's efforts in brand building.

AirAsia is the only low-cost airline on ASEAN's list. Its brand value has increased by 15.5% year-on-year, the highest increase in Asia, and it ranks second even in the world.

Therefore, AirAsia can overcome the difficulties. Just as an airline in South Korea faced the crisis, it can also turn into a profit and become an excellent airline! The stock price of that Airlines has also risen!

https://brandfinance.com/images/upload/airlines_50_free_1.pdf

Meow..

Posted by BearishTrend > 2020-07-13 23:42 | Report Abuse

Everyday it fly.. Very attractive stock everyday

Posted by Good123 > 2020-07-14 06:17 | Report Abuse

NEW DELHI (July 13): Tata Sons plans to quit its budget airline venture with AirAsia Bhd as the Covid-19 pandemic batters the aviation business, according to an Indian media report on Monday.

Malaysia's AirAsia Bhd owns 49% of AirAsia India, the maximum foreign ownership allowed in an Indian airline, while the remainder is held by Tata Sons.

"Tata is not very keen on staying invested in AirAsia India. AirAsia's Malaysian partner has approached Tata Sons to sell its 49% but Tata has not accepted the offer.

“In fact, the plan — which is at a preliminary stage — is to exit its holding in AirAsia India and focus more on Vistara," Livemint.com reported, citing sources.

Vistara is another one of Tata Group’s airline venture, launched in partnership with Singapore Airlines.

An AirAsia India spokesperson declined to comment when contacted by Bernama.

The airline, which began operating in June 2014, had talked about its plans to launch international services as well as a stock market listing before the pandemic sent the global airline industry into a tailspin.

It has more than two dozen aircraft and a network of 21 destinations in India.

Posted by Good123 > 2020-07-14 06:20 | Report Abuse

Tata sons rather quit AirAsia India but focused on vistara with Singapore Airlines :) NEW DELHI (July 13): Tata Sons plans to quit its budget airline venture with AirAsia Bhd as the Covid-19 pandemic batters the aviation business, according to an Indian media report on Monday.

Malaysia's AirAsia Bhd owns 49% of AirAsia India, the maximum foreign ownership allowed in an Indian airline, while the remainder is held by Tata Sons.

"Tata is not very keen on staying invested in AirAsia India. AirAsia's Malaysian partner has approached Tata Sons to sell its 49% but Tata has not accepted the offer.

“In fact, the plan — which is at a preliminary stage — is to exit its holding in AirAsia India and focus more on Vistara," Livemint.com reported, citing sources.

Vistara is another one of Tata Group’s airline venture, launched in partnership with Singapore Airlines.

An AirAsia India spokesperson declined to comment when contacted by Bernama.

The airline, which began operating in June 2014, had talked about its plans to launch international services as well as a stock market listing before the pandemic sent the global airline industry into a tailspin.

It has more than two dozen aircraft and a network of 21 destinations in India.

Posted by Good123 > 2020-07-14 06:22 | Report Abuse

if Tata sons shut down airasia India, how much losses must Airasia absorb?

Posted by mach10 > 2020-07-14 07:50 | Report Abuse

When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.

Warren Buffett

Posted by mach10 > 2020-07-14 07:54 | Report Abuse

Avoid businesses with bad economics even if they have a great management team. Think airlines.

Posted by mach10 > 2020-07-14 07:55 | Report Abuse

even a great captain frequently can’t save a sinking ship.

Posted by Mabel > 2020-07-14 08:25 | Report Abuse

AA is operating in 25 countries, mainly with international flights, but also with local offshoots such as AirAsia Indonesia, Thai AirAsia, AirAsia India or Philippines AirAsia.

Indian operation makes only 8% of the total revenue and has been lost making from day 1..It's OK if Tata want to Tango with Singapore Airlines...

AAGB still have AA Malaysia with 61 % revenue, Indonesia 30%, Philippines 22%

Meow

Posted by Karlos > 2020-07-14 08:31 | Report Abuse

The safest and most potentially profitable thing is to buy something when no one likes it.

Posted by Mabel > 2020-07-14 08:35 | Report Abuse

@mach10 even a great captain frequently can’t save a sinking ship.
14/07/2020 7:55 AM

That's what they said to Armada, KNM, Sapnrg, Velesto, Icon ....

All these Battleships are still cruising ...

Even the 3 PN17 Battleships are still cruising...TH Heavy has now registered 7 Consecutive Profits, Scomies has also registered 3 Consecutive Profits (excluding bail out parent Scomi). Barakah has now registered it's 2nd profits. All these counters has registered double digit growth.

Meow

Posted by Mabel > 2020-07-14 08:36 | Report Abuse

Just remember everyone sees things in different way... there is no right or wrong answer !

Posted by Mabel > 2020-07-14 08:38 | Report Abuse

AirAsia is the only low-cost airline on ASEAN's list. Its brand value has increased by 15.5% year-on-year, the highest increase in Asia, and it ranks second even in the world.

Therefore, AirAsia can overcome the difficulties. Just as an airline in South Korea faced the crisis, it can also turn into a profit and become an excellent airline! The stock price of that Airlines has also risen!

https://brandfinance.com/images/upload/airlines_50_free_1.pdf

Meow..

Posted by Mabel > 2020-07-14 08:41 | Report Abuse

AA are ready for a post-Covid-19 digital world

● Travel has changed, and so have we
● We are more than an airline. We are a digital travel & lifestyle company
● Group reorganisation completed in 2019. Two pillars: airline & RedBeat Ventures.
● Leveraging our extensive reach on AirAsia.com and its low customer acquisition cost

Posted by Mabel > 2020-07-14 08:42 | Report Abuse

Leaner airline operations

● Leaner and tighter ship with headcount rationalisation.
● Cash is king. Reduced fixed cost burn by 60% for 2Q20. Variable cost negligible.
● Restructured major portion of fuel hedging contracts
● Capital:
Malaysia : Prihatin Economic Stimulus Package (ESP) close to closing
Other forms of capital raising being explored
Philippines : Bank financing
Indonesia : Bank financing
Thailand : Bank financing & government support
● Airports have been supportive. Relationship with airports have improved especially with MAHB. All requests positively looked at.
● Sale leaseback of airplanes benefitting us today. Leasing gives more flexibility to scale back operations & renegotiate terms. No need to impair asset value due to aircraft grounding.

Posted by Mabel > 2020-07-14 08:43 | Report Abuse

Ensuring sufficient liquidity in 2020

● Deferred operating lease and maintenance payments
● Rollover of working capital loans
● Reviewed pilots’ allowances
● Pay cuts across the board including directors
● Seeking loans & exploring other forms of capital raising
● Restructured fuel hedging contracts
● Received fuel prepayment from fuel vendors
● Contracts re-negotiation such as ICT & maintenance contracts
● 80% of customers opted for credit shells

Posted by Karlos > 2020-07-14 08:44 | Report Abuse

Is it not Warren Buffett who famously said one needs to be greedy when others are fearful, and fearful when others are greedy?

Posted by Mabel > 2020-07-14 08:44 | Report Abuse

Extensive cost reduction exercise in 2020 & 2021

In 2Q20, 60% of fixed costs have been reduced. For FY20, AAGB hopes to halve cash expenses YoY. Here are some of action which is under progress

1. AAGB targets to reduce CASK from 3.80 US cents in FY19 to 3.60-3.70 US cents by FY21.
2. As at 6 Jul 2020, 70% of its Brent fuel hedging contracts have been restructured. The FY20 average Brent hedge price is USD61.41/bbl.
3. AAGB expects to record more losses on settlement of fuel hedges in 2Q20 but does not expect to record as much in 3Q20 and 4Q20.
4 Other measure to preserve liquidity in FY20 are to:-
a) Defer operating lease and maintenance payments - AAGB may return 38 aircraft in the next 3 years. It is also exploring lease rates based on utilisation rather than a fixed lease rate per month or year.
b) Get customers to accept credit shells instead of cash refunds – 80% of customers have opted for credit shells.
c) Delay taking delivery of new aircraft – In fact, AAGB is cajoling Airbus to refund some of its aircraft purchase deposits.
d) Rollover working capital loans
e) Review pilots’ allowances
f) Institute pay cuts across the board including that of directors
g) Seek debt, equity and hybrid financing
f) Encourage associates to seek their own financing
g) Get fuel vendors to refund prepayments
h) Renegotiate IT and maintenance contracts

Posted by Mabel > 2020-07-14 08:46 | Report Abuse

Latest Brent hedges as follows:

70% of our FY2020 Brent fuel hedging contracts have been restructured in
one form or another

Average Brent Hedge price is US$61.41 for 2020

Posted by pineapple123 > 2020-07-14 09:16 | Report Abuse

Mabel worrisome haha

Posted by BanglaMan > 2020-07-14 09:17 | Report Abuse

Told you all sell one la Wahaahaaaa see my track record I’m never wrong..

Posted by BanglaMan > 2020-07-14 09:18 | Report Abuse

No matter what cost they reducing, if no capacity means reducing business.. if have higher business prospects why people are leaving them? Small business means smaller valuation.. the market cap should not be higher than a billion

Posted by Mabel > 2020-07-14 09:23 | Report Abuse

@pineapple123 Mabel worrisome haha
14/07/2020 9:16 AM

I told you all already I'm holding my AA until next year. Airlines is currently on P13 from the 15 sectors I have Invested and it's still profitable..

Meanwhile I'm sharing why I'm still holding it...

Meow..

Posted by Mabel > 2020-07-14 09:34 | Report Abuse

Time to visit my other counters...

See you all when they announce the Right Issues..

Meow

Posted by Yeo Michael > 2020-07-14 09:48 | Report Abuse

We as an investor like us worry 2 thing, 1 St when the company go to PN 17, 2nd when a company de listed. Ma's is the. Best example

Posted by Yeo Michael > 2020-07-14 10:00 | Report Abuse

Warren Buffet too greedy, dump all his airline stock just brought before the Convid 19 and making billon loss drop to position 8, still got money lah......

Posted by strattegist > 2020-07-14 10:15 | Report Abuse

red

Posted by Good123 > 2020-07-14 10:21 | Report Abuse

Tata India is rich enough to close down airasia India and write it off

Posted by Good123 > 2020-07-14 10:22 | Report Abuse

how much losses to be recorded in airasia account if Tata closes airasia India? any estimated amount?

Posted by Good123 > 2020-07-14 10:23 | Report Abuse

Tata is doing partnering Singapura airlines, surely they let go airasia

Posted by Good123 > 2020-07-14 10:37 | Report Abuse

tata's statement, indicating AirAsia India has failed

Posted by sampooler > 2020-07-14 10:52 | Report Abuse

i think 0.5billin, this will affected aax

Posted by ronnanua > 2020-07-14 11:03 | Report Abuse

THOSE WHO SELLING OFF 760 YOU GUYS ARE D***ASS AND MAKE SURE YOU GUYS WHO ICTHY SELLING IT BELOW 760 DONT EVER FLY WITH AIRASIA .TAKE BUS''

Posted by ronnanua > 2020-07-14 11:06 | Report Abuse

WHEN BAD MOMENT ALL SELL ...WHEN ROCKETING ALL HAPPY ..FAKE PEOPLE ..BAD NEWS ABIT ALL SELL ...LOL BALLS NOT STRONG AH? WHY SUCH A BAD ATTITUDE DARE LA SEE RED ABIT WHY SCARED

Posted by strattegist > 2020-07-14 11:40 | Report Abuse

red

Posted by Good123 > 2020-07-14 11:47 | Report Abuse

Money and job worries pose real risk to global recovery

TheStar Tue, Jul 14, 2020 07:30am - 20 minutes ago





A new YouGov survey across 26 countries showed consumers everywhere are concerned about their jobs and household budgets. They’re also cautious about spending or investing the money they do have.

LONDON: The coronavirus pandemic is throwing the world into financial insecurity, posing a threat to the recession-hit global economy if it means consumers keep saving rather than spending.

A new YouGov survey across 26 countries showed consumers everywhere are concerned about their jobs and household budgets.

They’re also cautious about spending or investing the money they do have.

It suggests that signs of a rebound in some measures of activity – cited by a number of policy makers as reason for optimism – will take time to get people back in shops, airports or restaurants.

Job security is a major concern for many, with more than 30% feeling less secure in their job than a month ago.

Around half of the respondents were still cutting back on non-essential expenditure.

Posted by Mabel > 2020-07-14 11:48 | Report Abuse

@ronnanua WHEN BAD MOMENT ALL SELL ...WHEN ROCKETING ALL HAPPY ..FAKE PEOPLE ..BAD NEWS ABIT ALL SELL ...LOL BALLS NOT STRONG AH? WHY SUCH A BAD ATTITUDE DARE LA SEE RED ABIT WHY SCARED
14/07/2020 11:06 AM

Touché ronnanua!

Fortunately, I was borned without balls..

No wonder I'm still here :)

Meow

Posted by Mabel > 2020-07-14 11:51 |

Post removed.Why?