MAS posts smaller loss...

http://thestar.com.my/news/story.asp?file=...3935&sec=nation

The MAS Group registered a loss after tax of RM171mil for the first quarter ended 31 March, a significant 29% reduction from the RM242mil loss for the same period last year...

"We cut unprofitable routes especially in long haul where yields were low. This helped us to immediately improve our Revenue per Available Seat Kilometre (RASK') performance year-on-year.

"On the cost side, we lowered our fuel bill with improved consumption as a result of newer fuel-efficient aircraft."

He said improved cost management was also seen for non-fuel variable costs, although currently they were unable to address fixed costs.

The new A380 aircrafts are supposed to be fuel-efficient, provided that the load factor is high. But, can MAS keep the load factor high

Maybank gives a BUY call for MAS...

What do you think


Attached File(s)
 MAS_RP_20121009_MIB_2062.pdf ( 152.84k ) Number of downloads: 41

RHB is bullish of MAS. Anyone interested

I have bad experience with AirAsia, so will stay away from MAS...


Attached File(s)
 MAS___2013_03_26_RHB.pdf ( 322.46k ) Number of downloads: 50

As per example of cherroy:
Even if the price after the ex-right issues date is above 0.34, EPS is still going to be diluted.
So, not a good idea to subscribe?

Issuing new shares means MAS can buy new planes without resorting to borrowing from bank. Bear in mind that bank loan incurs interest.
The new A380 is supposed to be more fuel efficient than the old B747, thereby helping the airline to cut cost.

MAS reports quarterly results. Revenue increased, but losses widened...
http://www.bursamalaysia.com/market/listed...cements/1302373

Read my signature

People have been enjoying cheap airfare from MAS lately. But judging from its latest results, it may have to raise the price. So we are back to AA

operating revenue - 3,782,730
operating expenses - (3,853,874)
other operating income - 123,579
EBITDA - 52,435

What is 'other operating income' consists of? Is it sustainable?

Airplanes are capex. Can sales of airplanes be considered operating income? Calling Pink Spider...
My feeling is that the proper term should be 'other income'. Is MAS trying to deceive us?


MAS has been privatized before. It didn't work out.
And the government won't let it close shop, as MAS represents the country, and the cabin crew are supposed to be Malaysian ambassadors.
Plus, there are no alternatives as far as full service carrier is concerned. AA is a budget airline. It has also moved its HQ to Jakarta, hence it cannot represent Malaysia.

Don't forget Lion Air (the group which own 49% stake in Malindo). It has ordered lots of planes.

http://www.bbc.co.uk/news/business-24901430

SIA has tainted record too. Its plane crashed at Taipei many years ago. I doubt many people shun SIA because of that incident.
But at least SIA was profitable before the crisis. Whereas MAS

JAL's turnaround plan was US$10 billion.