TBH despite the jar-dropping results, the stock price didn't drop that much to properly reflect the going concern and very poor Q1 performance.

The price supports might not there soon.

If what you want is exposure to possible return of normal for air industry, then a better exposure might be airport.

My opinion ye.

In a tough business environment, you need to have rock solid balance sheet to come out of it stronger.

No doubt AA is very well run and made MY proud, but this will be their biggest ever crisis - they need CASH injection to survive next 2-3 Qtr.

Any cash injection will ultimately dilute the existing shareholders' value.

My view as below

1) SIA received $13bn cash injection to support it to go through this unprecedented crisis. This is the industry that will see much slower recovery for many quarters ahead.

2) Hedging is part of business, especially for airline. Ryannair 90%, SIA 73%, Airasia X 80%, KLM 65%. I dont know based on hindsight, how much they should have hedge. But airline need to continue hedge to mitigate their operation risks.

3) Bribery - I completely agree with you. All company should held high esteem on integrity.

Any selling of assets will definitely take time, unless there been planned negotiation from earlier on or they willing to sell on cheap.