QUOTE(VincentCS @ Apr 18 2020, 01:31 PM)
Nah, even if they can technically "fly" it will mostly be domestic. Like which country border would be open right now? Even if people do fly out, they will be forced quarantined during return. That's actually better at controlling the spread when MCO lifted.
As for the Airbus pay off stuffs, there are many unknown insider info involves here. I don't think average investor knows what really going on inside, at least I have no effing idea lol!
All I can say is I wouldn't touch AA with a ten foot pole, not because I know what's going on, but precisely because I don't know, and there are like hundreds of better stock to get in.
But I've seen my colleagues earn some 3 figures daily by day trading AA tho. Stocks market is as irrational as it can be right now lmao
Nah, even if they can technically "fly" it will mostly be domestic. Like which country border would be open right now? Even if people do fly out, they will be forced quarantined during return. That's actually better at controlling the spread when MCO lifted.
==>> Yes!!! So the issue is why are they broadcasting so loud that they are flying again? In which, as I had questioned earlier, why are they selling tickets, knowing very well that there is a possibility that they cannot fly? Are we going to see another 499 like fiasco where Tony comes out begging the ticket buyers to accept credits instead of refunds. Unethical? Unscrupulous?
And then on MM..
https://www.malaymail.com/news/malaysia/202...-ismail/1857957"For anyone who wants to travel by air, the SOP (Standard Operating Procedure) is the same as for land and sea, that is only for emergency and health reasons. As the SOP says, they must get police approval before they can travel.
“So, get police approval first before you purchase your flight tickets,” he advised during a press conference in Putrajaya today.
Ahem!!
Approval b4 you can fly.
So was the announcement made to seduce stock punters?
More on the Airbus scandal which I had posted b4. The year b4 Airbus made that sponsorship to Tony's personal sports team, AirAsia had already many planes yet to be delivered. Out of the blue, just when AirAsia was struggling to take delivery of airplanes ordered with Airbus, and a period where AirAsia was grossly indebted, Tony blew everyone out of the water by placing an astonishing order of 200 new planes. It was a historical order for Airbus. The biggest order. Here's a search of that news on Google.
https://www.bbc.com/news/business-13884433Financially so week but yet AA made that usd17 billion order. And when you look at AA profits track record then, the order is simply reckless.
And what do we know today? The following year, after that historical order of new planes from AirAsia, Airbus made a grossly generous offer to sponsor Tony's sports team a sum of usd 50million.
Airbus was charged with bribery. It paid billions in fine.
Airasia all OK meh? Lol.
Yeah but then the stock market is the stock market. Punters will punt. They don't need no reason. Yeah, on occasions they do win.
This post has been edited by Boon3: Apr 18 2020, 06:41 PM