AA result not out yet, foreign currency translation loss too high?

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Added on November 28, 2008, 7:04 pmAA drop us another bomb, big one...
Lost 215m due to Lehman Bros? Com'on, you must be joking... but that's true.
Another 213m to translation? That one fairly expected
1Q lose 465m and want to privatize the company look like a joke to me
Think major shareholders no need to privatize the company, they can go to the market and buy next Monday, with much cheaper price.
Only thing lucky is I so happen to hold a very small share
Good luck to all vested.

This post has been edited by htt: Nov 28 2008, 07:17 PM

AirAsia revenue rises on high passenger volume

PETALING JAYA: AirAsia Bhd, which posted its first loss since its listing in 2004 due to foreign exchange translation and hedging losses through Lehman Brothers Commodity Services Inc, reported positive growth in revenue due to higher passenger volume and higher contribution from ancillary income.

URL: http://biz.thestar.com.my/news/story.asp?f...69&sec=business

not suprise at all at this day an age, a person running an airliner must really have nerves of steel and be able to withstand the shocks throw at it from all corners... from terrorism, disease, outbreak, strike, fuel hike, bad weather, plane crash ... the troubles that an airliner face compared to Bjtoto is so infinite...

if u so choose to invest in an airliner be prepared to take up alot of risk and sleepless nights... i believe even Tony Fernandas and idris whats his name.. have sleepless niight over their respective airlines.

But i believe the future of air travel will lie with Airasia.. who knows time will tell/.

in response to:
http://forum.lowyat.net/topic/863211

I personally don't think Air Asia will "die" or anytime soon. They are still very strong if compared to other budget airlines. What you have mentioned is generally all airlines industry is facing but I believe Air Asia can sustain in business. Purchasing of new air crafts is a sign of expansion of the airline to accommodate more flight demands, etc. Unless another fuel hike, then it will "kill" them and also other airlines.

A corporate or company will die or not in near future, is not dictated by losses, but dictated by its cashflow.

If the cashflow situation is still healthy, then it has the ability to survive.

Now still healthy, but if they drop a few more lemon bombs on us, then hard to say loh

This post has been edited by htt: Dec 2 2008, 04:48 PM

AirAsia has the volume of passenger.
no worry about revenue eventhough it is cheap.

simply, people still need to travels. the tourist segments is huge. despite previous 97 downturn. only a handful of airlines gone deficit. budget airline will definitely survive

This post has been edited by gac: Dec 2 2008, 05:07 PM

Yes, I agree. Moreover recently it has open new route to London. So I can guarantee you that more revenue there. Now I hear a lot of my x-Uk student friends going back for visits.

I think they only hold 10% of AAX, plus some royalty if not mistaken.

Funny.. some people need to travel, don't you think in these economic conditions more of those people will use budget airlines?

bingo!!!

Another piece of bad news. Don't know when can the country return to normal.

Thailand's Constitutional Court has ordered Prime Minister Somchai Wongsawat's ruling People Power Party to disband after finding it guilty of vote fraud.

AirAsia Berhad ("AirAsia") wishes to announce for public information that as at 28 November 2008, 37.86% of the issued and paid-up share capital of AirAsia of 2,374,209,580 ordinary shares of RM0.10 each were held by foreigners (the foreign shareholding as at 28 May, 2008 was 47.87%).

FF withdrawing. But at least BKK airport functioning again.

This post has been edited by htt: Dec 3 2008, 06:35 PM

this week airasia price drop to record low since listed 2004,
3Q revenue loss, due crude oil price jump to record high plus thailand economic turmoil plus world economic slow down.
and rumor said airasia may got privatize,

what do u think?

Airasia privatisation move is off the table.

As expected, financing is the biggest obstacle especially with global financial credit crunch.

http://biz.thestar.com.my/news/story.asp?f...07&sec=business

This post has been edited by cherroy: Dec 5 2008, 11:04 PM

why does tune wants to take it private in d 1st place ?

http://www.btimes.com.my/Current_News/BTIM...icle/index_html

Thanks , hemm, so they are buying just because of the price dropped to its IPO price..

Does it mean by Tuesday, the stocks will drop more and more?

hopefully, so ppl can purchase some gud stock in low $