Posted by ks5S > 2023-05-23 22:21 | Report Abuse

tomorrow open gap up to 1.95
then 2nd half, it crawl to 2.00
then closing at 2.02

Posted by Husky78 > 2023-05-23 22:33 | Report Abuse

RM 2040 closing

Posted by mosaih > 2023-05-23 22:45 | Report Abuse

https://www.bangkokpost.com/business/2576715/sky-high-airfares-have-peaked-says-airasia-chief

Posted by The_JQuestion > 2023-05-23 22:54 | Report Abuse

good info @vulture
however I feel the loser will be MAS again... already last choice, add on in another competitor Shocked that they allow a new player without prior experience or purpose
This after Airasia,malindo and now mya fighting for the same piece of cake , mya is really the new nuisance to all
AA has already proven to survive .... MAS will continue to suffer

Posted by ks5S > 2023-05-23 23:05 | Report Abuse

aax still half way to reach Himalaya peak. very strong climbing

Posted by rchi > 2023-05-23 23:12 | Report Abuse

Thanks BursaVulture

Posted by rchi > 2023-05-23 23:13 | Report Abuse

9 destinations airline ,doubt anyone cares.

Posted by KingKKK > 2023-05-24 08:54 | Report Abuse

Qantas (Australia's largest and most prominent airline) Forecasts Biggest Ever Profit From Increased Flying And More Aircraft

1. Qantas is upgrading its forecast on its profit to between AU$2.425 billion and AU$2.475 billion (from $1.625 - $1.658 billion) in the financial year ending June 30th, 2023.
2. The airline's profit is being driven by continued strong demand and the completion of its three-year recovery program.
3. Qantas will be operating domestic capacity at 104% of pre-COVID levels by the end of FY23 due to the return of lucrative travel on the Golden Triangle routes between Melbourne, Sydney and Brisbane.

Read here:
https://simpleflying.com/qantas-biggest-profit-increased-flying-more-aircraft/

Posted by zhen wei & JP > 2023-05-24 09:13 | Report Abuse

Good morning.

Posted by Sslee > 2023-05-24 09:49 | Report Abuse

Quarter end 31th 2022 AAX make a PBT of RM 153,485,000 because:
1. Maintenance and overhaul expenses: RM (10,516,000)
2. Aircraft lease expenses: RM (11,547,000)

What will be quarter end 31th March 2023 these two expenses looklike?

Posted by zhen wei & JP > 2023-05-24 09:54 | Report Abuse

How many % raised by overseas company?
Then multiple it by X . Deduct low cost ticket by 30%
You will get average revenue =

Posted by icecool > 2023-05-24 10:44 | Report Abuse

tp 2 coming

Posted by investormalaysia > 2023-05-24 10:53 | Report Abuse

Today rm 3. Tmrw 5. Same like topglove last time

Posted by mosaih > 2023-05-24 11:06 | Report Abuse

A new public company will be set up to combine Capital A and AAX flight business' ... Air Asia Group...restructuring plan to lift up from PN17 ... combine short distance and medium distance flight

Posted by The_JQuestion > 2023-05-24 11:11 | Report Abuse

no need making some deals with qatar airlines to do maintenance etc and JV with airasia will be splendid .... they can have a stake in the latest hangars by them :))

Posted by zhen wei & JP > 2023-05-24 11:24 | Report Abuse

Is it possible to remove the 1.98 - 2.01 by 12pm?

Posted by Nic2050 > 2023-05-24 11:29 | Report Abuse

PENTHOUSE COMING SOON ~!

Posted by joyvest > 2023-05-24 11:42 | Report Abuse

AAX was dragged into PN17 status through no fault of itself . It was merely due to the threat of the natural phenomenon . Now then the threat has subsided if not completely eliminated , AXX is expected to be restored and normalised too. PN17 is expected to be lifted sooner than expected. Here we fly again to the moon.

Posted by Sslee > 2023-05-24 11:53 | Report Abuse

AAX did not make money even before the Covid19 because CapitalA charged AAX very high Maintenance and overhaul expenses and Aircraft lease expenses or in other word profit transfer from AAX to the parent.

By the way for long haul flight using Budget airline short haul flight business model of working the planes to the limit to earn the profit can never work for long haul flight which need overnight stay and crews changed between flight.

Posted by joyvest > 2023-05-24 12:07 | Report Abuse

Whether the aircrafts are serviceable or not , they must be regularly maintained as certain parts of the aircrafts must be replaced due to time factors irrespective of whether they are flying or not ( grounded ). It is important to maintain the aircraft at the tip top condition and are readily serviceable whenever they are on call.

High maintenance costs are expected of in the aviation industry and they can be more than sufficiently covered by the revenues generated from the cargo airfreight and passengers fares. Thats why AAX has recently raised fund through PP, part of which will be used as working capital to continue to keep the fleet in excellent serviceable condition in order to meet the overwhelming demand in months to come..................

Posted by Johnngg > 2023-05-24 12:13 | Report Abuse

Yeah....break RM2...

Posted by joyvest > 2023-05-24 12:14 | Report Abuse

Yer, flying to the moon

Posted by joyvest > 2023-05-24 12:20 | Report Abuse

Basically, you can put the PN 17 behind your mindset as if it was not there. It was there just a matter of formality.

AAX has serviceable equipments ( Aircrafts ) in place to serve the overwhelming demands. Their equipments are expected to be fully utilised in full capacity , so why are you still worried ?? You are over worried for nothing.

Posted by MILKMASTER2002 > 2023-05-24 12:33 | Report Abuse

Vroom AAX flying high to holland

Posted by FAInvestor > 2023-05-24 12:34 | Report Abuse

as expected after the shares placement has announced AAX price will touch 2.00

Posted by Sarcasm777 > 2023-05-24 12:37 | Report Abuse

Same old stories from Sslee and a few others haters. 1. Aax business model doesn’t work. 2. High expenses. 3. Billions of debts. 4. Tony is a liar. 5. They sell ticket at a loss. 6. Always questioning the profitability of next quarter. 7. PN17 8. Capital A is gonna pull them down with their debts. 9. They need to beg bankers to help. 10. Myairlines will kill them.

Posted by rchi > 2023-05-24 12:40 | Report Abuse

sslee is just a sifu wannabe,altho i still hv yet to discover his star call,but he is best complain letter writer in i3,no doubt about that :)

Posted by rchi > 2023-05-24 12:47 | Report Abuse

Pang sifu,francis yeoh mahu hiao ady ya

Posted by joyvest > 2023-05-24 14:39 | Report Abuse

WTF. You can lie until the fxxking cow comes home but the figures cant lie unless of course it is " false accounting". Basically, all can lie........

Posted by mf > 2023-05-24 14:48 | Report Abuse

take profit

Posted by FAInvestor > 2023-05-24 15:00 | Report Abuse

Broke 2.00 psychological resistance. Sui

Posted by EatCoconutCanWin > 2023-05-24 15:05 | Report Abuse

Next rm4. Luckily buy yesterday

Posted by joyvest > 2023-05-24 15:08 | Report Abuse

it is not too late yet.... never says never again

Posted by Patient Investor > 2023-05-24 15:11 | Report Abuse

is there any announcement on how AAX plans to raise the capital for the flight business injection from Capital A?

Posted by elhippo2001 > 2023-05-24 15:13 | Report Abuse

next stop rm3

Posted by icecool > 2023-05-24 15:15 | Report Abuse

rr88 will get it wrong again

Posted by Hwai Hooi > 2023-05-24 15:20 | Report Abuse

nice take profit tq

Posted by Yezzy99108 > 2023-05-24 15:20 | Report Abuse

All passengers, we have reached the destination. Now we're going down

Posted by joyvest > 2023-05-24 15:27 | Report Abuse

AAX is AAX , capital A is capital A . boy is boy , lady is lady . please dont mix up otherwise you get ladyboy ... WTF

Posted by EatCoconutCanWin > 2023-05-24 15:43 | Report Abuse

Seriously. I hold for rm4

Posted by mosaih > 2023-05-24 16:05 | Report Abuse

At rm2...4.7M total value buy at the moment

Posted by troy88 > 2023-05-24 16:05 | Report Abuse

Very bullish. RM3 is not impossible

Posted by mosaih > 2023-05-24 16:05 | Report Abuse

Should be strong support at rm2

Posted by Donator > 2023-05-24 16:05 | Report Abuse

seriously dont so greedy

Posted by mosaih > 2023-05-24 16:14 | Report Abuse

Next resistance Rm2.25

Posted by icecool > 2023-05-24 16:24 | Report Abuse

rm 4 coming hahaha

Posted by EatCoconutCanWin > 2023-05-24 16:31 | Report Abuse

Fight fight... Up rm4

Posted by mosaih > 2023-05-24 16:32 | Report Abuse

https://www.thestar.com.my/business/business-news/2022/12/07/no-merger-but-a-separate-entity-to-be-formed-says-capital-a

Posted by mosaih > 2023-05-24 16:33 | Report Abuse

PETALING JAYA: Capital A Bhd has clarified that there is no plan for a merger between AirAsia Bhd and AirAsia X Bhd (AAX), but a separate publicly-quoted aviation group will be formed under the proposed Practice Note 17 or PN17 exit strategy.

“The company wishes to clarify that the proposed plan is not a merger of AirAsia and AAX, but a potential disposal of Capital A’s aviation assets to AAX, in order to form a separate publicly-quoted aviation group comprising six airlines – four short-haul Asean airlines and two medium-haul airlines, namely, AirAsia, Thai AirAsia, AirAsia Indonesia, AirAsia Philippines, AAX and Thai AirAsia X,” Capital A said in a filing with Bursa Malaysia.

Posted by 7chewe > 2023-05-24 16:38 | Report Abuse

Next station 2.5 by next week. do not wait till Friday only then wanna buy, QR most likely over the weekends, it's too late then..
super-bullish counter for KLCI, ACT NOW! and thanks to Tony/Kamarudin