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 Capital A Berhad /AirAsia (5099), Asia's largest LCC group

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icemanfx
post Apr 12 2020, 04:30 PM

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QUOTE(joeblow @ Apr 12 2020, 04:20 PM)
This whole credit refund or full refund is stupid since clearly AA doesn't have the resource to process the huge amount of requests. Credit control process takes several layers of check and approval before it gets through.

Since AA relies on automated tools like AVA, they should just allow people to make unlimited changes until the next year. Currently they only allow those flights before end of May to be changed until Oct 2020. They should just change to next year and all flights before the realistic date that people can fly instead of just May. This way they save on resources processing those refunds and make sure there's future demand. Not sure what AA thinking...
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AK expect load to remain poor until school holidays in November 2020. Hence, wanted to fill seats before peak season.

Some airlines voucher valid til June 2021 and 120% value.

During the good time, ak only refund with voucher, what's more when they are bleeding cash.

This post has been edited by icemanfx: Apr 12 2020, 04:34 PM
kkk8787
post Apr 12 2020, 04:33 PM

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QUOTE(icemanfx @ Apr 12 2020, 04:30 PM)
AK expect load to remain poor until school holidays in November 2020. Hence, wanted to fill seats before peak season.

Some airlines voucher valid til June 2021 and 120% value.

During the good time, ak only refund with voucher, what's more when they are bleeding cash.
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legally I think they are allowed to give credit instead of full refund?
icemanfx
post Apr 12 2020, 04:36 PM

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QUOTE(kkk8787 @ Apr 12 2020, 04:33 PM)
legally I think they are allowed to give credit instead of full refund?
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If one insist on refund but they could charge hefty processing fees and take a few months.

This post has been edited by icemanfx: Apr 12 2020, 04:37 PM
joeblow
post Apr 12 2020, 04:43 PM

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QUOTE(kkk8787 @ Apr 12 2020, 04:33 PM)
legally I think they are allowed to give credit instead of full refund?
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Hmm, I could be wrong. Legally if AA declare the virus to be Acts of natural disaster (something like that), they don't have to refund anything. Of course the customer anger repercussion would be huge.

Realistically who dares to fly until new cases of virus is 0 for a while and/or cure out. A lot of new cases overseas for those who flew back their citizens.

In short I think better not touch airline industry for a while, even Warren buffet sold part of his delta stake despite only increasing them early Feb.
David_Yang
post Apr 12 2020, 05:09 PM

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In Europe they even changed the laws so that the airlines and travel companies are not required to give refund. So be happy with the vouchers, we win nothing if AirAsia and others all dead.
kkk8787
post Apr 12 2020, 05:12 PM

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QUOTE(David_Yang @ Apr 12 2020, 05:09 PM)
In Europe they even changed the laws so that the airlines and travel companies are not required to give refund. So be happy with the vouchers, we win nothing if AirAsia and others all dead.
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yes. by right they probably do no need to fully refund u by cash. especially u din buy tune insurance , din take the full fare but rather buy the cheap one, and still refuse to take their credit
liangzai84
post Apr 13 2020, 01:45 AM

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In order to keep us... the shareholders happy, his decision has angered ten of thousands of customer.

Well, it has to be done to keep AirAsia in business. To keep stock prices high again... Whatever it takes.


kkk8787
post Apr 13 2020, 06:56 AM

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QUOTE(liangzai84 @ Apr 13 2020, 01:45 AM)
In order to keep us... the shareholders happy, his decision has angered ten of thousands of customer.

Well, it has to be done to keep AirAsia in business. To keep stock prices high again... Whatever it takes.
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Will this move actualy push the price higher
Boon3
post Apr 13 2020, 08:53 AM

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QUOTE(joeblow @ Apr 12 2020, 04:20 PM)
This whole credit refund or full refund is stupid since clearly AA doesn't have the resource to process the huge amount of requests. Credit control process takes several layers of check and approval before it gets through.

Since AA relies on automated tools like AVA, they should just allow people to make unlimited changes until the next year. Currently they only allow those flights before end of May to be changed until Oct 2020. They should just change to next year and all flights before the realistic date that people can fly instead of just May. This way they save on resources processing those refunds and make sure there's future demand. Not sure what AA thinking...
*
How about the other logical answers... ie that they are really facing cash burn at an alarming rate? Revenue almost done to zilo. Hardly any flights but all its costs are still running. How many of their lessors are allowing AA to defer their lease payments?

The other answer? They are unscrupulous. If one reflects on what they had done b4 then isn't this not surprising?

For example. Few years back. They biiitched against MAHB against a 7 ringgit airport charges fees. Used the media and social media against MAHB. But then in the midst of all this, on the back of a recovering oil prices, they diam diam increased fuel charges to its air travellers by a whopping 50%. (the airport fees increase was less than 10%!!!)

For example. Did they care about its air travellers when it blatantly imposed credit card charges? More shockingly, Bank Negara said it was illegal to impose those charges. Cheap air travel was hot so AA decide it can do whatever it likes....


Boon3
post Apr 13 2020, 09:00 AM

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QUOTE(Boon3 @ Apr 13 2020, 08:53 AM)
How about the other logical answers... ie that they are really facing cash burn at an alarming rate? Revenue almost done to zilo. Hardly any flights but all its costs are still running. How many of their lessors are allowing AA to defer their lease payments?

The other answer? They are unscrupulous. If one reflects on what they had done b4 then isn't this not surprising?

For example. Few years back. They biiitched against MAHB against a 7 ringgit airport charges fees. Used the media and social media against MAHB. But then in the midst of all this, on the back of a recovering oil prices, they diam diam increased fuel charges to its air travellers by a whopping 50%. (the airport fees increase was less than 10%!!!)

For example. Did they care about its air travellers when it blatantly imposed credit card charges? More shockingly, Bank Negara said it was illegal to impose those charges. Cheap air travel was hot so AA decide it can do whatever it likes....
*
... and how about the airport fees it collected but refused to pay MAHB on the pretax that they were in dispute against those charges? Money not theirs collected but refuse to pay MAHB. And that coincided the period where they owed their bankers more than 10 billion!!!
!@#$%^
post Apr 13 2020, 09:14 AM

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QUOTE(Boon3 @ Apr 13 2020, 09:00 AM)
... and how about the airport fees it collected but refused to pay MAHB on the pretax that they were in dispute against those charges? Money not theirs collected but refuse to pay MAHB. And that coincided the period where they owed their bankers more than 10 billion!!!
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not that i'm siding with AA, but they didn't initially collect the additional tax until the court ruling forced them to pay i think.

https://www.businessinsider.my/a-reluctant-...-strong-protest
Boon3
post Apr 13 2020, 09:57 AM

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QUOTE(!@#$%^ @ Apr 13 2020, 09:14 AM)
not that i'm siding with AA, but they didn't initially collect the additional tax until the court ruling forced them to pay i think.

https://www.businessinsider.my/a-reluctant-...-strong-protest
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Yes. That was correct. But the incidents I was talking about was b4 2010 (I think) when at one point AirAsia owed almost 100 million to MAHB. And yes, AA were always at odds with MAHB for decades!
!@#$%^
post Apr 13 2020, 10:04 AM

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QUOTE(Boon3 @ Apr 13 2020, 09:57 AM)
Yes. That was correct. But the incidents I was talking about was b4 2010 (I think) when at one point AirAsia owed almost 100 million to MAHB. And yes, AA were always at odds with MAHB for decades!
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owh, okay.
Boon3
post Apr 13 2020, 10:55 AM

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QUOTE(!@#$%^ @ Apr 13 2020, 10:04 AM)
owh, okay.
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https://weechookeong.com/2008/07/10/airasia...tony-fernandes/

and then this earlier posting ....

https://weechookeong.com/2008/08/29/tony-fe...gs-bhd-settled/

the second last paragraph ....

QUOTE
I am very certain that the sum owed by AirAsia to MAHB comprised mainly of Airport Taxes and not service charges as claimed. MAHB does not provide services as such. There is another company, which is providing all the services. The question should be asked how could AirAsia owe such a big sum of Airport Taxes, which it has already collected from the passengers.


just sharing to you....

there are loads of info out there ........
Boon3
post Apr 13 2020, 10:58 AM

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QUOTE(Boon3 @ Apr 13 2020, 10:55 AM)
https://weechookeong.com/2008/07/10/airasia...tony-fernandes/

and then this earlier posting ....

https://weechookeong.com/2008/08/29/tony-fe...gs-bhd-settled/

the second last paragraph ....
just sharing to you....

there are loads of info out there ........
*
http://www.chichang.net/2009/07/is-taxpaye...r-airasias.html

3rd last paragraph....

QUOTE
What is there to discuss? Airlines collect airport tax from passengers just like your restaurant charges you the 5% government service tax. It is a tax collected by the private sector on behalf of the government. The Customs and Excise department quite rightly goes after restaurants and other businesses who charge that 5% but don’t remit the sum to the government. No negotiations. You remit what you collected. Why the special treatment for AirAsia? Its passengers had all paid the airport tax when booking their flights. It is money that they believed was going to the airport, not to AirAsia.
icemanfx
post Apr 13 2020, 11:12 AM

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QUOTE(Boon3 @ Apr 13 2020, 09:57 AM)
Yes. That was correct. But the incidents I was talking about was b4 2010 (I think) when at one point AirAsia owed almost 100 million to MAHB. And yes, AA were always at odds with MAHB for decades!
*
QUOTE(Boon3 @ Apr 13 2020, 10:55 AM)
https://weechookeong.com/2008/07/10/airasia...tony-fernandes/

and then this earlier posting ....

https://weechookeong.com/2008/08/29/tony-fe...gs-bhd-settled/

the second last paragraph ....
just sharing to you....

there are loads of info out there ........
*
AK owning airport charges to mahb is a commercial dispute between them, have nothing to do with customers. believe settlement have reached on this.

This post has been edited by icemanfx: Apr 13 2020, 11:12 AM
Boon3
post Apr 13 2020, 11:25 AM

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QUOTE(icemanfx @ Apr 13 2020, 11:12 AM)
AK owning airport charges to mahb is a commercial dispute between them, have nothing to do with customers. believe settlement have reached on this.
*
Er... That was a reply to another posting.

Anyway, of course it's easily to term it as a commercial dispute. But that's not the issue here...

Quote: Its passengers had all paid the airport tax when booking their flights. It is money that they believed was going to the airport, not to AirAsia.


Quote: The question should be asked how could AirAsia owe such a big sum of Airport Taxes, which it has already collected from the passengers.


They collected the money but refused to pay the collected money to MAHB. How would judge this kind of businessman? Mine? Unscrupulous!

Anyway refer to earlier posting(s) made ....

QUOTE
How about the other logical answers... ie that they are really facing cash burn at an alarming rate? Revenue almost done to zilo. Hardly any flights but all its costs are still running. How many of their lessors are allowing AA to defer their lease payments?

The other answer? They are unscrupulous. If one reflects on what they had done b4 then isn't this not surprising?

For example. Few years back. They biiitched against MAHB against a 7 ringgit airport charges fees. Used the media and social media against MAHB. But then in the midst of all this, on the back of a recovering oil prices, they diam diam increased fuel charges to its air travellers by a whopping 50%. (the airport fees increase was less than 10%!!!)

For example. Did they care about its air travellers when it blatantly imposed credit card charges? More shockingly, Bank Negara said it was illegal to impose those charges. Cheap air travel was hot so AA decide it can do whatever it likes....

... and how about the airport fees it collected but refused to pay MAHB on the pretax that they were in dispute against those charges? Money not theirs collected but refuse to pay MAHB. And that coincided the period where they owed their bankers more than 10 billion!!!





icemanfx
post Apr 13 2020, 11:32 AM

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QUOTE(Boon3 @ Apr 13 2020, 11:25 AM)
Er... That was a reply to another posting.

Anyway, of course it's easily to term it as a commercial dispute. But that's not the issue here...

Quote: Its passengers had all paid the airport tax when booking their flights. It is money that they believed was going to the airport, not to AirAsia.


Quote: The question should be asked how could AirAsia owe such a big sum of Airport Taxes, which it has already collected from the passengers.


They collected the money but refused to pay the collected money to MAHB.  How would judge this kind of businessman? Mine? Unscrupulous!

Anyway refer to earlier posting(s) made ....
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tf behaviour is not unique in bursa, there are a few big name plc behave similarly.

This post has been edited by icemanfx: Apr 13 2020, 11:33 AM
Boon3
post Apr 13 2020, 11:35 AM

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QUOTE(icemanfx @ Apr 13 2020, 11:32 AM)
tf behaviour is not unique in bursa, there are a few big name plc behave similarly.
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That's your excuse? Others do it so it's ok for AirAsia to do it? ohmy.gif
icemanfx
post Apr 13 2020, 11:48 AM

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QUOTE(Boon3 @ Apr 13 2020, 11:35 AM)
That's your excuse? Others do it so it's ok for AirAsia to do it?  ohmy.gif
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On the other hand, you should blast other stocks also.


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