sure there's effects..

but it's associates only rights...
they don't have majority in both entities.... only branding... they cannot pay $$ to AA..
in the end AA group also suffers 

BTW... which is why I am totally against the bailout. Those 2 owns the big chunk of share. Why should govt bailout the 2 big fat cat?

Now u know why they push AAX off the book by listing it?

AAX this upcoming quarter is going to drop a big bomb  

wait u mean they kicked AAX out and list it seperately? lol , why he sounds smart

lolz now only u know ahh 

AAX is separated entity.. they got their own Board & financial..
only share common branding....

but AA owns certain percentage of AAX. anyway AA Indon AA other countries, its under AAX or AA

yes. but not majority as far I know...

AA Indon, Thai & AA others are under AA group....

Aa indon not doing well

That hedging on currency i tak tau lah

But fuel hedging remain as the same issue at year 2008, i remember Tony hedge it when oil price at peak at year 2007 $100, 2008 financial crisis oil price drop gao gao, MAS also did hedging but they cut loss in one shot, Airasia opted not to cut loss in one shot and honour the contract when it is due. That time AA still able to sell future ticket and having cash flowing in. This time, not much of cash flowing in for sure.

Based on the CIMB research by Raymond Yap, he wrote a well piece of advices there, he was criticise Tony for going asset light model business. When asking for government loan, why not he chip in private placement since both of them already got RM5bil dividend from the sales and leaseback.

The government also headache who to save, for sure they will prioritize MAS.

Anyway kasi you know la...


Those are big numbers. Let's see what happens next 2 quarters.

Many had already stressed that AA gambles way too much on its hedging. I had asked before is AA an airlines or a company that gambles with its hedges....

Fuel is about 10% to 15% of airlines opex. Airlines only hedge at price that they could be operate profitably. Spot price cheaper than hedging only mean they couldn't take advantage of lower and cheaper price for higher operating profit. Similarly, if ak hedging policy is consistent, they will benefit if oil price rise next year.

1. First, please know I am only talking about AirAsia and not other airlines. So stop your pointless comparisons.

2. Do at least try to read up or Google AirAsia past history. Airasia had gambled heavily and lost before. It was in the news before. Leopards don't lose its spots.

Every prudent airlines hedge their fuel and Forex. Similar fuel hedging consequences apply to ak as well as other airlines. Hedge gain when price rise, loss when price drop. As long as they consume all the contract, only mean higher opex.

Do you ever try to use Google?



Kthxbye

One more thought....

That capital commitment of new fei kei...ie... the reckless buying of airplanes by Tony... which caused its supplier, Airbus to be charged with bribery corruption.....
in 2016, as noted in the posting, the capital commitment to buy new fei kei was 86 Beeeeeeeeeee-liiiiions.

end 2019... as reported by AA itself .... that figure is now 99 Beeeeeeeeeee-liiiiions.

Can you say 99 Beeeeeeeeeee-liiiiions???

Now here's another kicker...... since then the ringgit has now plunged to 4.3++ ....

which means the reckless boss has now committed AirAsia to buy 100 Beeeeeeeeeee-liiiiions of airplanes.....
You wanna the govt to bailout such a reckless company? 

So with Khazanah (or the govt itself) in deep trouble with MAS, who probably needs a massive injection of cash.... why would the govt involve itself with AA?
Govt so rich ka? Can baioult 2 airplanes company? Oh, then Malindo how? Can it qualify too ah?

With all airplanes not flying, MAHB should also be hurting big time? Does it need a bailout too ah?

Bursa also plenty of company needing bailout help.... bailout them too?

Every prudent airlines hedge their fuel and Forex. Similar fuel hedging consequences apply to ak as well as other airlines. Hedge gain when price rise, loss when price drop. As long as they consume all the contract, only mean higher opex.

I don't need to Google for ak past history.

The 99 Beeeeeeeeeeeeloiiiiiins screenshot.





This should be over 100 Beeeeeeeee come the next qr in May.

Next qr May, shouldn't matter cos the qr is for the period Dec-Feb.
The worrying rpt should be the one in Aug.

Nope. Delta have their own refinery, Spirit does not hedge, Southwest hedge very very minimal. In the past Airlines used to hedge heavily and have been criticised heavily and also had lots of financial losses. The industry has evolved since the overhedging days of the early 2000s

Lol, I bet many who bought AA shares didn’t notice this. And AA never even bother mentioning this in their quarterly commentary. 100bil of commitment when their annual operating cash flows is not even 10% of it.

Nope. Delta have their own refinery, Spirit does not hedge, Southwest hedge very very minimal. In the past Airlines used to hedge heavily and have been criticised heavily and also had lots of financial losses. The industry has evolved since the overhedging days of the early 2000s

Simple questions I can raise...

1. Why all ordered from 1 supplier, Airbus?

2. Yeah, delivery is staggered but why do many planes ordered??

Now when I read how they ordered that 300 planes in 2011 when their existing plane order was more than 200 planes... what logical thinking is there to order that many planes?

And now we know what happened the next year with Airbus making 50 usd million sports sponsorship to teams that AirAsia does not own. Yeah Airbus paid billions in fines fir the bribery charges.

Kinda make sense now, ya?