Think Air Asia spread themselves too wide too thin, after tune air want go tune hotel, later go tune money, if they successful in all think later they are going to tune water, tune oil or tune the country

The aggressive style of expansion is really admirable, but I think they need to come to to their basic, forget about other tunes now. Boost up the capital, reduce the gearing (lucky the debt is long term, still not that much pressure, but if they don't improve their gearing while they can, think new credit might just dry up), after all they still have strong cash flow and business model to fall back to.
Also Thai & Indo expansion doing them no favor, Thai unrest just hit them as hard (when they are about to turnaround, then unrest start...

really suei company

), indo forever losing money (about to turnaround hit by Lehman Bros... haha...

).
Hopefully they no need to go tapao, as we can see improvement of MAS after AA surge, if they fail, then my share might just be a token for a more competitive air traffic in Malaysia. Anyway, hope they won't let us down...
Just my 2 cents.
Be happy, US also can up for 5 days without much reason