Posted by ZorosInvestFund > 2022-05-27 09:37 | Report Abuse

the key for the update is: "Fernandes added that Capital A had received a clean audit opinion by its auditors Ernst & Young on April 29, denoting its ability to continue business for the foreseeable future. The auditors’ previous opinion of “material uncertainty related to going concern” on Capital A is now removed."

Posted by matklse > 2022-05-27 09:38 | Report Abuse

Losing billions 12 quarters straight, the company already losing money back to back quarters even before the pandemic, the pandemic is just the final nail in the coffin.

Another bankrupting company going to zero

Posted by Twowah123 > 2022-05-27 10:02 | Report Abuse

Just drop here to see see..how everyone ok kah...kahkahkah.....told before to run and to avoid.. kihkihkih

Posted by rr88 > 2022-05-27 10:02 | Report Abuse

Money sucking machine. Pour in money, goes up in smoke. Pour in money, money disappear. I bil loss in 1 qtr. 4 qtr, 4 bil wiped out. Tp 0.30. Sell !

Posted by ZorosInvestFund > 2022-05-27 10:07 | Report Abuse

the losses is attributed to first quarter man, international border is reopened on April

Posted by Yt Chong > 2022-05-27 10:10 | Report Abuse

YEAH, true! ZorosInvestFund

Posted by petramaises > 2022-05-27 10:14 | Report Abuse

tough business to run

Posted by hoot9e996 > 2022-05-27 10:21 | Report Abuse

business not generating money anytime soon.....
the struggle will be tough, air asia airline business was "CHEAP business model"
now whoever flies dont care about cheap but safety.
not being judgmental, with this covid a lot of SOP needed their cheap flights took a big hit
after covid, people are willing to pay extra for premium air tickets for less packed flights
do remember before covid air asia business model was only 2 things
1 : filled as many passengers into plane
2 : planes are always on the air

changed name to capital A but no point..... take years to change business model unless
dramatic actions are taken

Posted by hoot9e996 > 2022-05-27 10:23 | Report Abuse

then again because its falling you will see people like me who talk bad about the counter.
when it rebound and uptrend back, people like me are like hypocrites lol because we jump back in
with the buy momentum

Posted by ZorosInvestFund > 2022-05-27 10:48 | Report Abuse

medium-long term I believe Capital A is riding on a recovery train, unless there is another pandemic occurs.

but let's talk about the momentum, I guess it'll depends on today's closing price. If we see lower shadow candlestick with volume today, we can fairly assume there is a support here and remain cautiously optimistic of the short term trend. If it moves otherwise, expect a short-term downtrend in the coming days.

Posted by cheahgood > 2022-05-27 11:02 | Report Abuse

Maybank investment still show BUY target 1.29... maybank still lived in the cave or moon??

Posted by citadel888 > 2022-05-27 11:03 | Report Abuse

bye-bye AirAsia

Posted by cheahgood > 2022-05-27 11:03 | Report Abuse

From 0.73 early May and now 0.63.. hopeless CapitalA... rename it to CapitalZ..z.Z....

Posted by Yt Chong > 2022-05-27 11:04 | Report Abuse

long term I believe Capital A is riding on a recovery train

Posted by cheahgood > 2022-05-27 11:04 | Report Abuse

Whoever believe in Maybank, better go fly-kite.. morron Maybank.

Posted by speakup > 2022-05-27 11:06 | Report Abuse

TTB icap bought a lot around 80sen. now crying

Posted by cheahgood > 2022-05-27 11:07 | Report Abuse

it seems will continue downtrend unless declare special dividend. else just just wait or you can pass over your CapitalA shares to your grandchildren to wait it uptrend again to So-called 1.29 target from morron Maybank investment

Posted by cheahgood > 2022-05-27 11:08 | Report Abuse

whoever still hold capitala, better sell today. hopeless

Posted by petramaises > 2022-05-27 11:16 | Report Abuse

Airasia trying to copy grab. Food deliveries, ride sharing and etc.

but grab is burning shit ton of money every quarter

Posted by Yt Chong > 2022-05-27 11:19 | Report Abuse

wait for next QR, border open 1st of April.

Posted by neonstrife > 2022-05-27 11:37 | Report Abuse

This QR a bit sad, nvm.... have to wait for next round..

Posted by InsiderShark > 2022-05-27 12:07 | Report Abuse

losses bigger than revenue.... holy smoke. run

Posted by Nhamir > 2022-05-27 12:10 | Report Abuse

AirAsia Aviation Group (AAAGL), a subsidiary of Capital A (formerly known as AirAsia Group), reported its financial results for the first quarter of 2022, revealing that revenue has significantly increased.

According to the report, AirAsia’s first quarter revenue totaled RM601 million (US$136 million), up 226% year-on-year. The positive results were attributed to improved demand and further easing travel restrictions across the key markets in the region.

“The aviation group outlook remains positive as we firmly believe there will continue to be a V-shaped travel rebound and improved passenger traffic continuing throughout the remainder of the year and beyond,” President and Group CEO of AirAsia Aviation Group, Bo Lingam said.

AirAsia Aviation Group carried a total of 3.7 million passengers in Q1 2022. During the quarter, AirAsia Aviation Group operated at 60% of pre-pandemic domestic capacity. Looking ahead, the airline group aims to operate at 93% of pre-pandemic capacity by the end of 2022.

“We are confident in the ongoing revival of air travel in the coming quarters and with the support of Asean countries which are already gradually reopening international borders, that we will be flying to pre-Covid capacity on many of our core domestic and international routes by the end of this year,” Lingam added.

Capital A, a parent company of AirAsia Aviation Group, Asia Digital Engineering, airasia Super App, Teleport, and BigPay, reported a net loss before taxes of RM1,076 million (US$250 million).

“I’m excited by the pace of recovery in aviation, the huge potential growth of ADE and Teleport, and the very exciting prospect of profitable digital businesses. Capital A is on track to build a strong and profitable cash flow with our diversified business portfolios,” CEO of Capital A, Tony Fernandes said.

Fernandes also added that Capital A is preparing to recall remaining furloughed staff as the company slowly recovers from the COVID-19 pandemic setbacks.

Posted by samadk > 2022-05-27 15:36 | Report Abuse

huge loss yet Tony taking more then RM 14 millions pay !!!!

Posted by nicholas99 > 2022-05-27 15:38 | Report Abuse

itu la . everyday loss making.. still dare take pay. this tony. no brain.

Posted by DickyMe2 > 2022-05-27 15:39 | Report Abuse

"Posted by samadk > 28 seconds ago | Report Abuse

huge loss yet Tony taking more then RM 14 millions pay !!!!"
==========================

Dengki ker?
GLC CEO makan lebih RM 80 juta, tak riuh pulak.
Lagi merempat dari AA, nak kena bantuan pulak.

Posted by Yt Chong > 2022-05-27 16:24 | Report Abuse

@nicholas99 if tony no brain, how to be billionaire? i hope i got tony brain and not typing comment here to discuss about him...

Posted by DickyMe2 > 2022-05-27 18:02 | Report Abuse

AA going through test of fire.
Pandemic, war, rising oil price, inflation and debts
All these are beyond anybody's control.
It's like flying a plane through hurricane.
It will take another six quarters to slowly return to black.

Posted by williamh > 2022-05-27 20:26 | Report Abuse

Maybe right issue to raise funds

Posted by hoot9e996 > 2022-05-27 21:16 | Report Abuse

2021 they raised a lot of funding already, u can look it up
new PP investor, right issue, loans

Posted by kyliew > 2022-05-28 13:02 | Report Abuse

20 cents coming

Posted by kyliew > 2022-05-28 13:05 | Report Abuse

9 QR rugi berturut2...... Next QR make it 10th QR-versarry loss bah

Posted by Raymond Tiruchelvam > 2022-05-28 13:32 | Report Abuse

the story of airasia, is one of unfortunate circumstances, just as it comes out of covid it is hit my energy crisis, it has about RM600m+ of depreciation and finance cost hurdle, which means just to make zero profit it needs an EBITDA of RM600m+ while in the last Q the EBITDA was only RM308m : NOT 308m profit but 308m loss !!! with the qtr previous to that RM200m loss also, therefore it will take many quarters for airasia to come into the black....

Posted by BursaVulture > 2022-05-28 17:50 | Report Abuse

hard for airline to make money if oil price is so high. a few more quarters of losses will make capital A share price go to RM0.10.

Posted by sunnyspoon > 2022-05-29 10:47 | Report Abuse

Change name also lost money, crab

Posted by richardsharing > 2022-05-29 13:17 | Report Abuse

wow, lot of ppl scare scare, hehe.

Posted by sunnyspoon > 2022-05-29 13:54 | Report Abuse

Don't waste money buying capital a another 5 years keep losing money

Posted by Understand > 2022-05-29 15:11 | Report Abuse

@ Dicky , it told you on not to be a dumb ass. See what happened.

Posted by DickyMe4 > 2022-05-30 11:46 |

Post removed.Why?

Posted by Understand > 2022-05-30 19:38 | Report Abuse

I told you not to buy airasia, there is big headwind ahead.

Posted by winetime > 2022-05-30 23:17 | Report Abuse

Is a betting for Air Asia.

After Pandemic, market getting weak , Inflation is coming, People are force to ride airasia.
Will air asia come back ? Yes ? But the time going be long than expected. Previously PP is fully subscribed. Will shark help Tony to hold the share price, The answer is Yes, They don't wish the share price drop . Will Tony giving support, Yes, even he like to spend like a Rich Man, he still wish that his reputation is solid build. Therefore Share price will keep tahan but the debt is going to take long time to recover.... AA,,,,,, Waitttt... or go next counter if faster. (My 2 cent opinion) not buy call.

Drop more or go more.

Posted by Alice7591 > 2022-05-31 08:42 | Report Abuse

AAX QR profit

Posted by wongsam16 > 2022-05-31 11:24 | Report Abuse

After that, aax will out of pn 17, then what that aax doing airasia will follow the way too... hehe

Posted by stockraider > 2022-05-31 12:27 | Report Abuse

Do not get kon by AAX figure loh!

Despite writeback of Rm 33.6B....AAX still have negative shareholders fund of Rm 125m mah!

The Rm 33.6B was n overkilled for AAX loh!

U just need Rm 100m Debts & negative fund to bankrupt AAX mah...no need Rm 33.6B loh!

But for Sapnrg....i believe it will have positive shareholders fund after write back loh!

SAPNRG restructuring will be very successful mah!

Posted by neonstrife > 2022-05-31 13:28 | Report Abuse

https://www.chinapress.com.my/20220530/%E5%80%BA%E5%8A%A1%E9%87%8D%E7%BB%84%E8%B5%84%E9%87%91%E5%85%A5%E8%B4%A6-%E4%BA%9A%E8%88%AA%E9%95%BF%E7%A8%8B%E8%8E%B7%E5%87%80%E5%88%A9336%E4%BA%BF/

Posted by neonstrife > 2022-05-31 13:28 | Report Abuse

https://www.chinapress.com.my/20220530/%E5%80%BA%E5%8A%A1%E9%87%8D%E7%BB%84%E8%B5%84%E9%87%91%E5%85%A5%E8%B4%A6-%E4%BA%9A%E8%88%AA%E9%95%BF%E7%A8%8B%E8%8E%B7%E5%87%80%E5%88%A9336%E4%BA%BF/

Posted by richardsharing > 2022-05-31 16:02 | Report Abuse

magic of accounting

Posted by neonstrife > 2022-06-01 14:01 | Report Abuse

Trusted that Capital A will be coming back soon

Posted by Yt Chong > 2022-06-01 14:24 | Report Abuse

YEA!

Posted by wongsam16 > 2022-06-01 17:39 | Report Abuse

School holidays coming again...