In addition, on April 29 this year, the group received an audit opinion from the external auditor Ernst & Young (EY), which indicated that under the foreseeable circumstances, the group has the ability to continue its business in the future.
"We are confident that we will emerge from PN17 after the board meeting completed today and plan to submit a report to Bursa Malaysia in the near future."
this airline service has been getting worse day by day. My flight was rescheduled 4 times in 1 week!!! how the hell do you do business like this? We need more airlines come in to take away customer from airasia since apparently they can't handle the customers here. and Im getting MAVCOM to investigate these type of willfull business practices. Told that my flight is confirmed, then few days later say sorry reschedule again.
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."
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
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
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.
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
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.
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.
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....