Posted by Juliana > 2021-09-15 15:43 | Report Abuse

Of course Very Environment Friendly tooooo

Posted by Juliana > 2021-09-15 15:45 | Report Abuse

Go to visit Lonely Planet. You can see the stunning pictures of other countries.

Posted by Juliana > 2021-09-15 15:47 | Report Abuse

Every week I went travelling to any country I wanted.
True.
Via internet sight seeing. Lonely Planet.
No need to pay for air tickets, no luggage, no waiting at departure hall.
No need transportation. No need accommodations. No need food and beverages.

Just travel online line how businessmen did using internet.
Of course Environmental Friendly.
Of course Saving your Time.
Of course Saving your Money.

Posted by TianChoi1 > 2021-09-15 16:13 | Report Abuse

.....................................................................................................................................................
Yes. stay at home. Anyway no one invite u to go holidays. Your lonely life is your choice. Good.
no need to come out. everything can buy online too and deliver to your house. Very Very good!
u very thrifty. listen to your parent unlike DickyMee
ha ha ha

Posted by DickyMee > 2021-09-15 16:16 | Report Abuse

Aiyo I thought share price go up

Posted by Juliana > 2021-09-15 16:22 | Report Abuse

Why share price not go up?

Posted by DickyMee > 2021-09-15 16:28 | Report Abuse

Maybe because those people here saying will fly, RM 4.50 etc did not buy anymore shares. All talk no action.

Posted by Ninja _07 > 2021-09-15 16:47 | Report Abuse

You want people to buy so that you can sell is it? :D ... hehehehe... it wont happen!

Posted by kamirise360 > 2021-09-15 16:55 | Report Abuse

New forecast can be see after government start opening the tourism very soon

Posted by Ron90 > Sep 15, 2021 11:25 AM | Report Abuse

for the last 8 quarters, this cmpany already lost $8 billion !!. and the number will keep on increasing perhaps towards 10b in the next 2 qr, before back in the black. NAV in negative ..

Posted by Newtrader88 > 2021-09-15 16:56 | Report Abuse

Alamak air longkang d

Posted by wolfbroker > 2021-09-15 17:03 | Report Abuse

AA will fly again, very very soon

Posted by freddiehero > Sep 15, 2021 11:21 AM | Report Abuse

let's send plane to Mars..

Posted by Bgt 9963 > 2021-09-15 17:31 | Report Abuse

Up trend coming....

Posted by PSAi3alert > 2021-09-15 17:52 | Report Abuse

Even before Covid, the company was making losses already.

Since 2019, there is no more extraordinary profit (other income) from sale of aircraft and low fuel prices.

___________________ FY 2019 ___ FY2018
Revenue ___________ 11,965M ___ 10,431M
Other Income _________ 359M ____ 809M
Operating Pofit / Loss ___ (457M) ___ 353M


Going forward these will be the variables:
- Max 40,000M ASK (assuming Carlyle Aviation, Incline, NBB, BOC Aviation, Castlelake LP etc do not 'tarik' aircraft)
- Cost per ASK - excluding fuel (sen) > 10
- Jet Fuel Price (RM/gallon): 7 to 9

With mask-on SOP at all times, no meals can be served.

Even if there is a magic wand to erase the accumulated losses and liabilities that have to be paid, the company will not be profitable again with its cost structure.

On the so called 'Digital' business, Teleport accounts for 82% of the digital revenue. Teleport is just an air cargo services. What is so digital about the business? If it's like Star Trek teleportation type of technology, then it's digital. Even then air cargo (Teleport) segment is making losses.

The 'Super App' is just a mobile app that forms another channel of distribution, in addition to physical outlets, agents, call centers, internet portals etc. Financial institutions (Maybank, CIMB, Citibank) and utility companies (TNB, Air Selangor) have mobile apps. None of them has announced that the mobile app is worth more than the value of the company.


Qtr Ended 30/06/2021

_____________________ Teleport ____ Super App ______ Big Pay
Revenue _____________ 154.8M _____ 26.67M _________ 5.97M
Operating Expenses ___ -181.315M ___ -67.712M _______ -27.14M
Elimination ___________ 11.3M ______ -4.98M _________
EBITDA ______________ -15.185M ___ -46.014M _______ -21.166M


Ron90 for the last 8 quarters, this cmpany already lost $8 billion !!. and the number will keep on increasing perhaps towards 10b in the next 2 qr, before back in the black. NAV in negative ..
15/09/2021 11:25 AM

Posted by Sslee > 2021-09-15 19:15 | Report Abuse

By Hafiz Yatim | theedgemarkets.com | 2021-09-15 14:30:04
KUALA LUMPUR (Sept 15): The High Court today granted an extension to AirAsia X Bhd (AAX) to hold its creditor meeting, which was supposed to be held by the latest this month, to March 2022.

The decision was made by Judicial Commissioner Ong Chee Kwan following online proceedings today to seek the extension.

It is understood the meeting will now be held on or before March 17, 2022. A statement is expected to be issued by the airline possibly later today.

Last Feb 19, Ong granted leave (permission) for AAX to hold a meeting with its creditors and this was supposed to be for a period 180 days or six months over its proposed restructuring plan.

All in all, there are stipulated 14 different creditors and they are divided into three different classifications — the first being Malaysia Airports Holdings Bhd, the second consists of the other creditors, and the third being aircraft maker Airbus.

Ong in his February decision said the case did not involve "proprietary claims" of the creditors nor did it involve alteration of the creditors' rights with third parties.

The court said that AAX had failed to demonstrate that it was capable of reviving its financial health.

"It is contended that AAX has failed to demonstrate that it is viable, feasible or workable to turn the financial predicaments of the company around. This is because there is no certainty of fresh injection of capital or entry of a white knight to facilitate the survival of AAX," Ong surmised in his judgement then.

At the outset, AAX proposed that it shall acknowledge and settle only up to RM200 million of debt due and owing to scheme creditors, which is valued at approximately RM63.5 billion.

In today's proceedings, AAX was represented by S Suhendran and Gopal Sreenevasan while BOC Aviation Ltd, Macquarie Aircraft Leasing Services and Lavender Leasing, which are among the creditors, were represented by Kwan Will Sen from Lim Chee Wee Partnership.

Posted by DickyMee > 2021-09-15 20:05 | Report Abuse

6 months + 6 months? Why need so long to nego?

Posted by DickyMe > 2021-09-15 20:09 |

Post removed.Why?

Posted by i3lurker > 2021-09-15 20:56 | Report Abuse

the additional time is given for AAX to look for Sugar Daddies.

without additional time given, even stewardesses uniforms will be auctioned off to sslee.
He wears them when he thinks no one is looking...

Posted by willee2 > 2021-09-15 21:07 | Report Abuse

only uniforms kah? probably he needs more than that

Posted by Sslee > 2021-09-16 07:33 | Report Abuse

Haha the red hot uniform is good enough for me. TQVM

Posted by Juliana > 2021-09-16 08:42 | Report Abuse

Hahaha

Posted by Sslee > Sep 16, 2021 7:33 AM | Report Abuse

Haha the red hot uniform is good enough for me. TQVM

Posted by Juliana > 2021-09-16 08:47 | Report Abuse

i3lurker will be looking for something extra other than stewardesses uniforms. Hahaha

Posted by i3lurker > Sep 15, 2021 8:56 PM | Report Abuse

the additional time is given for AAX to look for Sugar Daddies.

without additional time given, even stewardesses uniforms will be auctioned off to sslee.
He wears them when he thinks no one is looking...

Posted by Sslee > 2021-09-16 08:47 | Report Abuse

KUALA LUMPUR: The opening of the Langkawi travel bubble would be positive for airlines, but the degree of the positive impact could be murkier at the start, according to CGS-CIMB Research.

Analyst Raymand Yap said airfares are likely to be very low (and perhaps loss-making) as airlines compete for passengers due to the anticipation of uneven loads.

He said many passengers on AirAsia flights might be flying for free for the first few months, using their credits from flights cancelled in the past one and a half years.

"AirAsia will not receive any new cash revenues. If the load factors are low, some flights could be loss-making.

"This is especially the case for return flights, for instance, on the first day of the Langkawi travel bubble on September 16, as AirAsia's outbound flights from klia2 to Langkawi are seeing high passenger load factors and decent fares.

"However, return flights from Langkawi to klia2 are still rather empty, and the lowest RM17.30 fare bucket is still available for booking at the time of writing," he said.

Yap expected there could be hesitancy among many Malaysians to travel until the Covid-19 situation stabilises.

"If demand does not pan out as expected, AirAsia could consolidate flights. However, the jury is out on whether AirAsia can maintain high load factors once it restores capacity more aggressively from October onwards," he said.

Posted by Juliana > 2021-09-16 09:48 | Report Abuse

Not easy for airline business.
Masih tak percaya?


Posted by Sslee > Sep 16, 2021 8:47 AM | Report Abuse

KUALA LUMPUR: The opening of the Langkawi travel bubble would be positive for airlines, but the degree of the positive impact could be murkier at the start, according to CGS-CIMB Research.

Analyst Raymand Yap said airfares are likely to be very low (and perhaps loss-making) as airlines compete for passengers due to the anticipation of uneven loads.

Posted by stockraider > 2021-09-16 10:40 | Report Abuse

Msia govt useless mah!

Fully vaccinated want to do covid test b4 departure to langkawi, then what is the point of travel bubble leh ??

U see langkawi fully vaccinated....just allow people go & visit...no need all these silly test mah!

Even kena covid....the impact not severe to their health for the fully vaccinated mah!

Just let them go loh & no bottle neck mah!....that is what travel bubble loh!

Posted by Sslee > Sep 16, 2021 8:47 AM | Report Abuse

KUALA LUMPUR: The opening of the Langkawi travel bubble would be positive for airlines, but the degree of the positive impact could be murkier at the start, according to CGS-CIMB Research.

Analyst Raymand Yap said airfares are likely to be very low (and perhaps loss-making) as airlines compete for passengers due to the anticipation of uneven loads.

He said many passengers on AirAsia flights might be flying for free for the first few months, using their credits from flights cancelled in the past one and a half years.

"AirAsia will not receive any new cash revenues. If the load factors are low, some flights could be loss-making.

"This is especially the case for return flights, for instance, on the first day of the Langkawi travel bubble on September 16, as AirAsia's outbound flights from klia2 to Langkawi are seeing high passenger load factors and decent fares.

"However, return flights from Langkawi to klia2 are still rather empty, and the lowest RM17.30 fare bucket is still available for booking at the time of writing," he said.

Yap expected there could be hesitancy among many Malaysians to travel until the Covid-19 situation stabilises.

"If demand does not pan out as expected, AirAsia could consolidate flights. However, the jury is out on whether AirAsia can maintain high load factors once it restores capacity more aggressively from October onwards," he said.

Posted by Maxsuper > 2021-09-16 12:34 | Report Abuse

...... most travellers r unrefunded tickets holders.. no profit

Posted by stockraider > 2021-09-16 12:56 | Report Abuse

Yes must support the RI in order to save Airasia mah!

Actually Rm 1b is enough, the extra Rm 1b to be raised are for safety buffer loh!

Posted by Sslee > Sep 16, 2021 12:52 PM | Report Abuse

Sales in advance RM 922,252,000.
TF already said if everyone want the refund then AA will go bankrupt.
When AA fly again then these sales in advance will be recognised as Revenue but no actual cash inflow. Wherease operation expenses is cash outflow so more cash burn is coming.

Again TF already said:
We have also proposed a renounceable rights issue of up to RM1.0 billion. Positive discussions for raising additional new capital for airlines, Asia Digital Engineering and our digital businesses are ongoing. Through all of our strategic fundraising exercises, we expect to have sufficient liquidity for 2H2021 and throughout 2022.”

So basically need RM 2 billion to just stay afloat till 2022

Posted by Sslee > 2021-09-16 12:56 | Report Abuse

Sales in advance RM 922,252,000.
TF already said if everyone want the refund then AA will go bankrupt.
When AA fly again then these sales in advance will be recognised as Revenue but no actual cash inflow. Wherease operation expenses is cash outflow so more cash burn is coming.

Again TF already said:
We have also proposed a renounceable rights issue of up to RM1.0 billion. Positive discussions for raising additional new capital for airlines, Asia Digital Engineering and our digital businesses are ongoing. Through all of our strategic fundraising exercises, we expect to have sufficient liquidity for 2H2021 and throughout 2022.”

So basically need RM 2 billion to just stay afloat till end 2022

Posted by Sslee > 2021-09-16 13:03 | Report Abuse

And then after that it will most likely take another 10 to 20 years to pay off the deferred payments, loans and etc if AA do survive that long.

Posted by stockraider > 2021-09-16 13:07 | Report Abuse

On a good year airasia can make more than rm 1b profit pa...that will mean within 3 years airasia can recapitalise loh!


Posted by Sslee > Sep 16, 2021 1:03 PM | Report Abuse

And then after that it will most likely take another 10 to 20 years to pay off the deferred payments, loans and etc if AA do survive that long.

Posted by Sslee > 2021-09-16 13:08 | Report Abuse

Haha stockraider 1 billion is enough if cannot fly. After can fly need 2 billion.

Posted by DickyMe > 2021-09-16 13:08 |

Post removed.Why?

Posted by willee2 > 2021-09-16 14:03 | Report Abuse

DickyU is coming soon!

Posted by Sslee > 2021-09-16 14:03 | Report Abuse

Haha stockraider,
Define what is a good year and where the profit come from?
Do you know how many regional low cost airlines are fighting with AA for market share? The good old days are gone and will never return again.

Posted by TianChoi1 > 2021-09-16 14:05 | Report Abuse

https://youtu.be/iXAvMrRfgmA

Foreign ownership in 2018 -- 38%
in 2020---15%
in 2021---26%
they- foreign investors are buying/accumulating the shares in this company
u believed in the dumb gang - Dumb DickyMee, Sslee, I3lurker etc or the foreign investors!!!
it is so obvious loi..........
ha ha ha ha

Posted by Sslee > 2021-09-16 14:11 | Report Abuse

In 2007, they secured an order of 130 Airbus A320’s for delivery up to 2012, planes worth easily 10-20 times the value of the company then.

They then increased this amount to 200 Airbus A320’s by 2008.

In 2011, they ordered another 200 of them, and from this order, becomes Airbus’s single largest customer.

In 2012, they placed orders for another 100 of them, and in 2016, they did it again by ordering another 100.

By placing such huge orders, they were also able to obtain discounts of 30% or more off the list price, and get the planes customized to suit their needs exactly.

In addition, as their initial orders were made just after the financial crisis, and before the boom in low cost airlines (A trend that was sparked by Airasia) in Asia, they were able to buy large amount of planes at a discount from the already low prices that were at the low end of the cycle.

This allowed Airasia Group to charge its Joint Ventures and Associates leasing fees for using their planes (The company AAC was created in 2013 to manage this) and it also enabled them to be in a business to of selling planes and slots to airplane leasing companies when the airline boom started.

In just a few years, this would go from a cost cutting measure, to a highly profitable venture and one of the key reason for Airasia’s profitability.

Posted by Sslee > 2021-09-16 14:13 | Report Abuse

Aircraft Operating Lease Income

With the purchase of these huge purchase planes to fund their regional ambitions, as stated previously, Airasia, the Group Company now had a new income stream that would grow far more profitable than expected.

It would not be unreasonable to say that by 2016, this has grown to be their second largest revenue and largest profit contributor.

Without it, the Airasia Group would be lossmaking.

Externally, this also caused huge headaches with accusations by GMT Research that Airasia was only profitable due to the leasing of these planes resulting in profit transfers from unprofitable regional Joint Ventures, to the group holding.

Internally, i’m sure the other joint venture or associate partners did not feel comfortable about this as well, as it could be seen as Airasia Berhad milking the associates for all its worth.

This culminated in the sale of the planes and the leasing business

28 Feb 2018 (Completed 31 Dec 2018) – BBAM Limited Partnership / FLY RM 9,775.6 million and RM 262.3 million (82 Aircraft and 14 Engines)
24 Aug 2018 (Completed 8 August 2019) – Castlelake L.P. USD 739.5 million (RM 3,559.5 million) (25 Aircraft)
25 July 2019 (Completed 31 December 2019) – Castlelake L.P. (RM 1,240 million) (14 Airbus A320-200)
Resulting in net gains of RM 298.8 million and RM 101.54 million, but a net loss in profit of around RM 643 million p.a until the new planes come in.

Posted by TianChoi1 > 2021-09-16 14:15 | Report Abuse

The DUMB GANG ARE BACK EVERYDAY TELLING THE SAME STORIES
BORING BORING

Posted by TianChoi1 > 2021-09-16 14:16 | Report Abuse

https://youtu.be/iXAvMrRfgmA
Foreign ownership
in 2018 -- 38%
in 2020---15%
in 2021---26%
they- foreign investors are buying/accumulating the shares in this company
u believed in the dumb gang - Dumb DickyMee, Sslee, I3lurker etc or the foreign investors!!!
it is so obvious loi..........
ha ha ha ha

Posted by willee2 > 2021-09-16 14:19 | Report Abuse

DickyU is coming soon!

Posted by Sslee > 2021-09-16 15:09 | Report Abuse

Haha,
"If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.”
— George Soros

Investment is boring because you need to read a lot of report and detail. If you want excitement you can try your luck in Casino.

Posted by DickyMee > 2021-09-16 15:13 | Report Abuse

Then what happened in 2019? Will the losses repeat for 2022, 2023, 2024 and so forth?

----------------------

stockraider On a good year airasia can make more than rm 1b profit pa...that will mean within 3 years airasia can recapitalise loh!

16/09/2021 1:07 PM

Posted by Sslee > 2021-09-16 15:13 | Report Abuse

By the way when you are bored, you are welcome to come to i3 and have a laugh.

Posted by DickyMee > 2021-09-16 15:17 | Report Abuse

Btw, equity is negative 5 bil not 3 bil. So need 5 very good years

Posted by PSAi3alert > 2021-09-16 15:25 | Report Abuse

Sslee,

The grounds from JC Ong Chee Kwan's Feb 2021 decision can be read from the following link:

http://awg.aero/wp-content/uploads/2021/02/Ruling-GoJ-AirAsiaX-final-19.2.2021.pdf

Considerations on the Cape Town Convention and the Aircraft Protocol and Gibbs rule are interesting.

The key point is in para 140

"What is clear is that the selection of creditors for the class composition cannot be arbitrary or capricious. If there is evidence of a calculated and dishonest move to remove or to place certain creditors in certain class with the purpose of ensuring that the class is constituted in such a way that certain creditors would not be able to vote or that their votes would be rendered ineffective, this will be considered as class manipulation or gerrymandering"

Other notable points are:

[22] vii. there is insufficient disclosure by AAX as to how the Scheme Debts are computed, citing particularly, Airbus' debts of RM48.71 billion constituting about 77% of the total Scheme Debts.

[24] Airbus, who is the largest creditor in terms of value, was initially ambivalent of its position to the Scheme but subsequently when asked to make a clear stand, informed the Court that it is objecting to the Scheme. It did not make any submission on its status as 'secured creditor' and learned counsel for Airbus had in fact turned to learned counsel for AAX when the Court asked if Airbus in fact considered itself as 'secured creditor'. All said, Airbus's position regarding the Scheme and the OS was rather strange.

[293] With the termination of the Lease Agreements, apart from the right to repossession under the Cape Town Convention, the Lessors also have the right to claim against AAX for damages which comprises both the accrued rentals that were unpaid and the future rentals under the remaining terms of the Lease Agreements subject to the duty to mitigate.

If too lazy to read, i3lurker's remark 'the additional time is given for AAX to look for Sugar Daddies' is a good summary.

Posted by Juliana > 2021-09-16 15:26 | Report Abuse

I laugh a lot since coming here.

Posted by Juliana > 2021-09-16 15:29 |

Post removed.Why?

Posted by Juliana > 2021-09-16 15:47 |

Post removed.Why?

Posted by ruby92 > 2021-09-16 15:55 | Report Abuse

Only laugh you will have juliana because you don’t even have money anyway to invest hahaha

Posted by TianChoi1 > 2021-09-16 16:08 | Report Abuse

Ha ha ha ha
Very true. The dumb gang who hv no money to invest. Day ini day out talk the same nonsense.

Posted by TianChoi1 > 2021-09-16 16:34 | Report Abuse

https://youtu.be/iXAvMrRfgmA
Ho say liaw. When foreign fund buy in the share u know the share is going to fly!!!!!
Sui Sui