AIRASIA X BERHAD

KLSE (MYR): AAX (5238)

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Last Price

0.455

Today's Change

+0.01 (2.25%)

Day's Change

0.44 - 0.455

Trading Volume

55,200


45 people like this.

39,818 comment(s). Last comment by neonstrife 2 days ago

ocpd

760 posts

Posted by ocpd > 2022-03-17 07:38 | Report Abuse

only fools will buy now as they will announce rights issue soon, at least wait until after rights issues if fools insist on buying

awesome20

1,083 posts

Posted by awesome20 > 2022-03-31 18:45 | Report Abuse

when announce right issue more ppl will buy la

neonstrife

391 posts

Posted by neonstrife > 2022-04-27 01:10 | Report Abuse

AirAsia has resumed flights between Kuala Lumpur and Siem Reap, Cambodia. The airline will operate the route with two flights per week on Mondays and Fridays. Flight AK540 is scheduled to depart from Kuala Lumpur International Airport 2 (klia2) at 13:05, arriving in Siem Reap at 14.20. The return flight, AK541, is timed to leave Siem Reap at 14:55, arriving back in Kuala Lumpur at 18:10.

Cambodia was one of the first countries in the region to relax its entry requirements for foreign travel, reopening the Kingdom to fully vaccinated international travellers without the need for quarantine or COVID19 testing at all international gateways and checkpoints in November 2021.

HE Thong Khon, Minister of Tourism, Cambodia, said, “Cambodia is now truly open for all vaccinated tourists and we welcome AirAsia guests back to our great country with open arms. Tourism is a significant driver of our economy and social development, we thank AirAsia for their continued support to stimulate and grow air travel to our key leisure destinations. Cambodia, the Kingdom of Wonder, invites travellers from all walks of life to feel its warmth, safely and hygienically.”

The Siem Reap flights follow AirAsia’s resumption of flights between Kuala Lumpur and Phnom Penh, the Kingdom’s capital city, in January.

“Prior to COVID19, Siem Reap was one of the most popular destinations in ASEAN as a key tourist hub for globetrotters from all over the world,” said Riad Asmat, CEO AirAsia Malaysia. “AirAsia started the route in 2018 and flew close to 170,000 passengers in 2019. We are confident that these new services will continue to be very popular in the future. In response to strong demand, we are also planning more flights and destinations in Cambodia with services to Sihanoukville scheduled to take flight on 2 June. AirAsia welcomes the initiatives taken by the Cambodian government to ease travel restrictions to allow more seamless travel to Cambodia. We look forward to flying more leisure seekers from near and far to the country soon.”

For entry into Malaysia, all international tourists and travellers are required to take a pre-departure COVID19 test within 2 days of departure and purchase COVID19 travel insurance (for short-term foreign visitors). Unvaccinated or partially vaccinated travellers are required to spend 5 days in quarantine.

For entry into Cambodia, there are no pre-departure, post-arrival COVID19 tests or quarantine requirements for fully vaccinated travellers. Travellers are only required to show proof of being fully vaccinated. Fully vaccinated travellers from Malaysia who wish to travel to Cambodia must meet the requirements set by the Cambodian Government prior to purchasing their flights and upon arrival.

neonstrife

391 posts

Posted by neonstrife > 2022-05-06 14:36 | Report Abuse

AAX : Customers with outstanding travel credits can redeem them immediately as flights resume

Legend

4,119 posts

Posted by Legend > 2022-05-22 09:47 | Report Abuse

Thai AirAsia X files for bankruptcy
Low-cost, long-haul carrier Thai AirAsia X has begun preparations to initiate a rehabilitation process after its application for bankruptcy protection was accepted by Thailand’s Central Bankruptcy Court.

In a statement on May 19, it said the objective was to revamp the company’s administration process and restructure its debts, adding that the process would have no impact on passengers as operations would continue as usual.

It also said that the filing for rehabilitation would have no impact on Thai AirAsia or Asia Aviation Plc, which are separate entities with “discrete operations and routes”.

“Thai AirAsia X has entered into rehabilitation at an appropriate time with tourism recovering and the nation reopening,” Thai AirAsia X chief executive Patima Jeerapaet said.

He added that the decision to enter into rehabilitation was to enhance the administration process in the best interests of its business progress, especially in terms of managing the company’s debt which he said had been impacted over the past two years of pandemic.

He voiced confidence that the carrier’s stakeholders would support the move.

Thai AirAsia’s application for bankruptcy protection was submitted on May 17 and accepted by the Thai Central Bankruptcy Court on May 18.

It is looking to introduce flights to South Korea and Japan from June onwards, with further plans for expansion including more flight frequencies and new routes in line with demand.

neonstrife

391 posts

Posted by neonstrife > 2022-05-23 11:36 | Report Abuse

Seems a bit sad. but flight service aax got high chance of turnover

Hotstuff

2,591 posts

Posted by Hotstuff > 2022-05-30 21:49 | Report Abuse

now every firm can write off... high debts? no worries... just write it off... no need to pay... creditors bear all costs. who is Tony?? the devil in aviation industry...

Posted by wsb_investor > 2022-05-30 22:22 | Report Abuse

AirAsia X Bhd (AAX) has reported a net profit of RM33.62 billion for the third quarter ended March 31, 2022 (3QFY22) after writing a similar amount back to profit as the group completed its debt restructuring.

Posted by Investmalaysiaa > 2022-05-31 09:20 | Report Abuse

One quarter earn thre market cap of genting + Genm. Win Liao

Sslee

251 posts

Posted by Sslee > 2022-05-31 10:19 | Report Abuse

Balance sheet.
Non current assets: RM 268,042,000
Current assets : RM 88,603,000
Current liabiliaties: RM 215,664,000
Non current liabilities: RM 266,496,000
Shareholders equity: negative RM 125,695,000

So still remain PN 17 company.

When will the proposed fundraising for min RM 150 million to max RM 500 million can be implemented?

Posted by notaclue > 2022-05-31 11:58 | Report Abuse

At least share performance better than glove counters loh which are like bankrupt companies

Posted by Investmalaysiaa > 2022-05-31 20:20 | Report Abuse

AAX earn more than petronas!!!

taihai

464 posts

Posted by taihai > 2022-05-31 21:27 | Report Abuse

if u earn 33.6billion ? you much tax to pay???????? 0 tax?

taihai

464 posts

Posted by taihai > 2022-05-31 22:35 | Report Abuse

someone say that is selling assets?? haha if i have 336billion ? i do nothing

taihai

464 posts

Posted by taihai > 2022-05-31 22:45 | Report Abuse

government loss revenue ????

Icon 888

1,699 posts

Posted by Icon 888 > 2022-06-01 09:00 | Report Abuse

Wow

imvu

7,157 posts

Posted by imvu > 2022-06-02 07:54 | Report Abuse

apakah ?

nicholas99

6,719 posts

Posted by nicholas99 > 2022-06-02 10:17 | Report Abuse

profit so much but share price no limit up? haha

awesome20

1,083 posts

Posted by awesome20 > 2022-06-02 23:16 | Report Abuse

Target
70 cent in 3 months
90 cent in 6 months
1.20 in 9 months

Posted by richardsharing > 2022-06-30 08:12 | Report Abuse

Everyone can goreng

Posted by sweetpotato > 2022-07-26 10:45 | Report Abuse

the last exercise now is the rights issue and special issue, expected to be completed within the next few months. uplifting from PN17 is just a matter of time. aviation and logistics industry are recovering well. with a clean balance sheet, AAX should perform well in coming quarters.

Posted by wongfookmi > 2022-08-02 09:31 | Report Abuse

The soon to be launched MyAirline is by Dato Goh Hwan Hua, owner of i-serve, which was raided by BNM in Nov 2021 for running a Ponzi Scheme. Dato Goh is now starting a new Ponzi Scheme by the name of an Airline to scam more victims. Some say it is money game, some say Loan Sharking.

https://www.theedgemarkets.com/article/malaysia-see-entry-new-ultra-lowcost-carrier-myairline

Dato Goh Hwan Hua is out to cheat more victims. He and his agents are out there scamming people now, promising 20-30% return per year if you invest RM100-500K in this new myairline scam.

Spread the word and awareness.

leospirit

12 posts

Posted by leospirit > 2022-08-04 10:01 | Report Abuse

ini share bila akan dilisted?

Posted by wongfookmi > 2022-08-14 13:53 | Report Abuse

myairline will be launching soon. myairline is by Dato Goh Hwan Hua, the same guy behind i-serve which was raided by BNM on Nov 2021 for running a ponzi scheme / money game. TheEdge wrote about this.

many i-serve investors lost their life savings. Goh Hwan Hua is a scammer. Karma to him and his family.

Legend

4,119 posts

Posted by Legend > 2022-08-20 10:22 | Report Abuse

AirAsia X Bhd (AAX) closed its financial year 2022 (FY22) on a negative note as it slipped back into the red in its fourth quarter ended June 30, 2022 (4QFY22) with a net loss of RM652.52 million. Its revenue dropped to RM107.18 million in 4QFY22 from RM113.01 million in 3QFY22. For FY22, the Practice Note 17 company registered a net profit of RM32.8 billion — after RM33.6 billion of provisions made for default under contracts and liabilities had been forgiven and reversed during the year following the completion of its debt restructuring process. Annual revenue came in at RM438.77 million.

Posted by EatCoconutCanWin > 2022-08-20 12:22 | Report Abuse

AirAsia loss is coz of management salary too high. When EGM or AGM,they talk like moon so high also can touching. Now blame fuel n depression of ringgit. Better said you eat n sleep also use company money.

Jeffreyteck

4,240 posts

Posted by Jeffreyteck > 2022-08-20 13:07 | Report Abuse

Good time is not able to deliver results, so don't hope positive results in the bad time and rewarded high remuneration for non performers.

Posted by Ammar Roshidy > 2022-08-23 11:23 | Report Abuse

We may have positive results now, but the hole is too big to cover. AAX needs more time to cement the hole. In March, next year only the share market will see an uptrend of .10cts.

Posted by wsb_investor > 2 months ago | Report Abuse

(吉隆坡28日讯)据知情人士透露,美国联邦航空管理局(FAA)将把大马的航空安全恢复为第一级;预计美国当局将在月杪前就此事发表声明。

imvu

7,157 posts

Posted by imvu > 1 month ago | Report Abuse

bawah 0.395 sudah boleh kutip kutip ?

Posted by valueinvestor1 > 1 month ago | Report Abuse

frequent change in key senior management is not a good sign.

ElijahYH

130 posts

Posted by ElijahYH > 4 weeks ago | Report Abuse

A new budget carrier, MYAirline, is slated to commence operations this month, drawing comparison with the entry of Malindo Air in 2013.

ElijahYH

130 posts

Posted by ElijahYH > 4 weeks ago | Report Abuse

Going by past experience, the entry of a new airline into Malaysia's aviation market should be positive for Malaysia Airlines Holdings Bhd (MAHB) and negative for low-cost airline group Capital A Bhd

ElijahYH

130 posts

Posted by ElijahYH > 4 weeks ago | Report Abuse

The research house added that sources say MyAirline could dethrone Capital A as the world's lowest-cost airline as it had secured low aircraft lease rates during the onset of the Russian-Ukrainian war, which saw lessors scrambling for lessees.

Nevertheless, it noted that the low aircraft lease rate should only apply to a handful of MYAirline's aircraft as further delivery of aircraft is likely to command higher lease rates.

Maybank IB maintained its "buy" calls on both MAHB and Capital A, and reiterated its positive view on the Malaysian aviation sector.

It trimmed its target price on MAHB to RM7.16 from RM7.25 while maintained Capital A's target price at 84 sen.

Posted by limabel608 > 3 weeks ago | Report Abuse

Airasia is a better name than Capital A

Posted by seamaninvest > 3 weeks ago | Report Abuse

Change name is just to avoid any (extra) incident happened in market

kahfui1221

185 posts

Posted by kahfui1221 > 2 weeks ago | Report Abuse

AirAsia X (AAX), the mid-range airline affiliate of AirAsia Aviation Group, is re-launching direct flights from Kuala Lumpur to Busan, South Korea, with three weekly flights, starting in early 2023.

kahfui1221

185 posts

Posted by kahfui1221 > 2 weeks ago | Report Abuse

this will be its second route to South Korea after launching flights to Seoul in April this year.

arv18

2,567 posts

Posted by arv18 > 2 weeks ago | Report Abuse

the second route will be the return trip to 5 sen!

Posted by 11wenhao11 > 2 weeks ago | Report Abuse

MYAirline Sdn Bhd has been granted its initial air service licence (ASL) from the Malaysian Aviation Commission (Mavcom), effective Nov 15, 2022.

The airline added that it had earlier been awarded the Air Operator Certificate (AOC) by the Civil Aviation Authority Malaysia (CAAM) on Oct 1, 2022.

According to MYAirline, the approvals authorise it to sell air tickets and undertake commercial air transport flights utilising its fleet of Airbus A320-200 from its hub in Kuala Lumpur International Airport 2.

"We are pleased to receive our ASL from MAVCOM a little over a month after CAAM awarded us an AOC.

$$ BUYSELL $$

1,043 posts

Posted by $$ BUYSELL $$ > 1 week ago | Report Abuse

buy and keep

$$ BUYSELL $$

1,043 posts

Posted by $$ BUYSELL $$ > 1 week ago | Report Abuse

CapitalA move

yong1985cm

140 posts

Posted by yong1985cm > 1 week ago | Report Abuse

aax acquire capital a

neonstrife

391 posts

Posted by neonstrife > 2 days ago | Report Abuse

Capital move, aax move.... go go go

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