oil price very expensive now, Airline business will be suffering also even when they start opening up their flight route and destination. Do know what going to happen and how they going to survive.
oil price very expensive now, Airline business will be suffering also even when they start opening up their flight route and destination. Do know what going to happen and how they going to survive."
============================================ Do you know, in the first place?
DAL AAL LUV...just to name fews all have been double in their share prices after travelling is allowed. Unless we all are banned to travel otherwise AA will be back
2143 How can it be a cent when people still can fly with AA?
AA is negative equity not 1 cent. AA is on ICU need cash injection PP, RI and borrowing and cash from sales in advance to keep flying.
If fresh cash and debt restructure (defered payment) failed then the lessors will pull back the planes, Bank will pull back the loans, AA will not have cash to pay salarly, rental, overhead and etc that the end of AA.
Malaysia Aviation Group Successfully Completes Recapitalisation
Key elements of the restructuring are described below:
Khazanah will be committing new capital of RM3.6b to MAG, to fund the business throughout the restructuring period until 2025.
MAG itself has taken proactive steps to tide through the COVID-19 crisis through network cuts, structural cost savings, cash conservation and payment deferral initiatives. This translated to a total of RM5.5 billion in 2020 and target of RM397 million for Q1 2021.
Operating lessors have continued to support the airline with a reset of lease rates to market and deferrals; deferrals will also be implemented with finance and other lessors.
Revolving Credit Facility (RCF) lenders and hedging counterparties agreed on a term-out of their facilities.
Various concessions from entities related to the Government of Malaysia have been successfully agreed to enable a solvent recapitalization of Malaysia Airlines
-24bil....had to double check when i read the numbers lol.......but airasia, aax price hardly affected last few quarter losses...curious to see tomorrow!!
Minus the provision, AAX made a loss before interest, taxes, depreciation and amortisation (LBITDA) of RM58.16 million, on revenue of RM72.26 million, its filing showed 58.16 mil only
Minus provision for debt repayment, lose RM58.16 mil only laaaaa
its a buy its a limit up its a all in its a borrow from ah loong to buy its a sell wife and daughter to buy
possible RM100,000.00 per share as I heard they want to buy Emirates, Qantas and SIA
Posted by Santiago > Sep 27, 2021 10:58 PM | Report Abuse
Minus the provision, AAX made a loss before interest, taxes, depreciation and amortisation (LBITDA) of RM58.16 million, on revenue of RM72.26 million, its filing showed 58.16 mil only
Minus provision for debt repayment, lose RM58.16 mil only laaaaa
If AA can survive till now, will it fail when interstate travel soon to be allowed coupled with consideration for reopening of borders. Simple analysis without FA or TA. Its bankers n lessors will think the same way. Some haircut is better than totally botak.
One must ask this very important question, how Airasia X can lose 24B??
The only logical explanation is that all the people of interest in the high ups want to bail already because Airasia is going down hard (bankrupt soon), where has this 24B gone? maybe to the pockets of the directors?
The directors may want to SAPU as much money as possible before the ship sinks to the bottom of the ocean.
Think long and hard before buying. The company is already dead.
all the winner or loser here talk cock. If so smart, they won't be here. Just enjoy the popcorn and see the drama. Latest is just buy on trend and make your money. Don't care what other ppl shit. Believed in yourself. ha ha ha
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
2143
17 posts
Posted by 2143 > 2021-09-27 21:34 | Report Abuse
23.8b was accounting provisions made for contractual liabilities. It will be waived upon completion of its debt restructuring.