Just look at numerous assistance rendered to AA.

First, the current LCC terminal which has cost around RM108 million has been completed in 9 months to support AA’s growth. Previously, AA was operated in Subang and refuse to move to KLIA.

Second, airport tax in existing LCCT (where AA starts to grow regionally) was reduced to RM25 from RM35.

Third, exemption from using aerobridge has been granted by MAHB just to support AA’s business model that requires a quick turnaround time.

Fourth, the special airport incentives it gave to AA Bhd over the past 10 years despite not being the biggest contributor to the airports operator’s revenue or passenger traffic.

Fifth, discount or incentive amounting to RM25 million courtesy of the Malaysia to Tony Fernandes’ airline company so that they settle their airport taxes owed to MAHB.

Sixt and ultimately- the new RM4 billion KLIA2 is commissioned for AA’s growth, again.

Hmmmmmmmm......Only when the tide goes out do you discover who's been swimming naked!

AIRASIA SURVIVAL

Without a doubt, AA has enabled more people to fly. To certain extent, Tony may do Malaysia a favour. But Tony’s marketing gimmick and business acumen alone are not enough in propelling AA to where it is now today.

The underlying factor has always been- Malaysia’s business friendly environment.

To test Tony’s sincerity on safety of passenger, we should ask why AA refuse to use aerobridge when it is extremely useful during bad weather conditions such as heavy rain or sweltering heat especially to those who were physically challenged, senior citizens, and mothers with infants and small children.

Is Tony more concern about 25 sen per passenger he has to absorb?

Hahahahahahahaah!!

ORAT should not be an issue as, since February Orat has been conducted successfully with 500,000 bags in the test and the system has proven to be stable. No major issues are anticipated.

Generally, ORAT is undertaken over one year but some airport operators do it in six months.

In klia2′s case, MAHB can complete the testing and commissioning within three months because KLIA has a similar system. Therefore comes May, the airport is ready for operation.

How about the CCC? With the last mile of works , which is the sewerage rectification, completed and IWK (Indah Water Konsortium) satisfied, KLIA2 will obtain the CCC between April 15 and 20.

Hmmmmmmmm..!!!

As for the cracks found on the runway, it was not structural cracks as KLIA2 sits on land that consists mainly former oil palm plantations and mangroves with at least 40m depth of soft clay. Even many other airports in the country experience such superficial cracks.

To ensure that the runway is safe for aircraft landing, proof rolling and compacting the runway surface are conducted using 100-tonne proof roller.

Even the big Airbus A380 can land and take off the new runway. Not only that, Malindo Air had undertaken a landing trial at klia2 in October last year to show that the runway is in good condition.

Again, Tony should remember the Department of Civil Aviation (DCA) is the right authority to certify the runway, and not the airline.

The new airport had also received the approval from independent consultant, Ikram Premier Consulting. But I suspect this is still not assuring enough for Tony.

How now, folks? Heheheheheheheheeh!!

KLIA2 also is more secured than the current LCCT as it would implement a commonly-used passenger processing system by SITA – the world’s leading service-provider of integrated IT business solutions.

The fact is- AA refused to use the SITA system as it was insisting on using the manual check-in system.

If you look at the current LCCT, it is a totally manual airport, where airport management is done in a traditional manner. What security then Tony?

SAFETY AND SECURITY

Now Tony in his own words said ‘the main point is we wanted a safe and secure terminal. Ask MAHB how long operational readiness (Orat) takes? MAHB has not even received the CCC. How can we test the operational readiness of the airport?”

Tony speaks like the current LCCT is the safest terminal in the region and equipped with top notch security features.

The fact is, unlike present LCCT, KLIA2 has an inbuilt segregation of arriving and departing international passengers and this segregation is to strengthen safety and address the human trafficking and drug issue.

Hmmmmmm......!!

Anyway, three things Tony should know on airport tax.

1. Airport tax at KLIA2 has yet to be decided. Even if Tony wants to jump the gun, why direct it to MAHB when airport tax is determined solely by the Government as enshrined in the Civil Aviation Act 1969.

2. The airport tax in Malaysia is not linked with the construction cost of the terminal. When operations were moved from Sultan Abdul Aziz Shah Airport in Subang to KLIA in 1998, the airport tax remained the same in spite of the cost of the brand new airport. In fact in some cases, airport tax was reduced as was the case with the new terminal in Melaka where the tax was reduced from RM51 to RM25.

It means, there are possibility the airport tax in KLIA2 may be the same or lower. But even if the airport tax is higher, it is justified because of the facilities provided.

3. Airport tax is paid by passengers. Airlines only take the tax from passengers on behalf of the airport operator. So, if the airport tax is to be increased, there is little impact on airlines’ cost structure.

Unless AA’s business model is to the subsidise airport tax just to ensure its lowest fare. But as far as AA is capable of, not only they collect airport tax from passengers, they make payment to airport operator until the government agreed to give them discount.

If a business does well, the stock eventually follows!Hahahahahahahahaha!!

So whats’ next? Aaaahh, safety and security issue

Strangely, TF wants all these facilities come cheap. He wants the airport tax remains the same or possibly lower. What make his demand ludicrous is that, it comes from someone who charge his customer for everything extra service they needed.

If you pay peanuts, you get monkeys or AA. That is what Tony’s low cost business is all about.

Who charge less for more? Even AA has to charge RM6 per credit-card transaction. So why can’t MAHB do the AA way?

AA is already telling the public to brace any airport tax increase. If their assumption that the airport tax at KLIA2 is going to be the same with KLIA is true, international traveller will have to pay extra RM33 and domestic traveller is extra RM3.

But this increase should be taken into perspective that KLIA2 is unlike any low-cost terminal aka ‘cargo warehouse’. It is not a low-cost terminal, but the airlines that utilise it are low-cost.

It means the extra RM33 and RM3 will go for the vast retail space, a fully automated Baggage Handling System (BHS), aerobridges and smooth connectivity to the KLIA main terminal building and KL Sentral by ERL.

So why do TF still need to stir a cauldron of hatred towards MAHB-the gracious airport operator who bowed down to every single demand TF have made?

Folks, let rephrase TF statement ‘it hard to believe that an airline that requested a new terminal to comply with its demands numerous times and later on blame the airport operator for the cost increase and delays has so much credibility’

Or maybe the refusal to move in has something to do with…. airport tax? What next? Hahahahahahahahahah!!

Secondly, MAHB has agreed to make the distance between the present runway 2 and the new runway 3 to be 2.5km. This is to provide more space to AA for maintenance, repair and overhaul activities.

Thirdly, AA also had its way when it asked the length of runway 3 to be extended to 4km from 2.2 km. Maybe AA has a plan to land Airbus A380 in the future thus they have made this request, which again MAHB agreed to.

Folks, no wonder MAHB has said they have given almost everything AA asked for at KLIA2. Only spa and museum can’t be granted. Hahahahahahahahah!!

Now folks as for the delay issue. Admittedly some of the main contractors have failed to meet their self-imposed dateline. The contractors have blamed poor soil conditions for the delay.

However the blame shouldn’t be confined only to the contractors or MAHB. Let the public known that AA has equally to be blamed on this matter.

First, they had requested that the semi-automated baggage handling system (BHS) that was first planned be changed to a fully automated BHS, which MAHB acceded to. At this juncture, 40% of the project had been completed as per October 2012 deadline and AA late request has resulted 6 months delay to the project. Hmmmmm......!!

Folks, guess where the revised plan is based from? AA’s growth projection.

Even in 2013, AA has flown more than 21.85 million passengers in LCCT. With 3% growth annually, the original KLIA2 will become overcapacity in 10 years’ time. So do we built a new airport only to last for 10 years or 50 years?

And folks guess who benefits the most from the construction of a larger KLIA2? AA and its passenger. Even with 71% larger than the original KLIA2, AA will occupy 80% of spaces in the new airport.

As far as KLIA2 cost is concerned, it is hardly “cost overrun”. The extra money was spent to get more facilities rather than spending more to get the same. How folks?

So folks, will the massive selling stop? Remember folks, if a business does well, the stock eventually follows! Hahahahahahaahah!!

Folks, a respected billionaire like TF should not mislead the public by making a statement like- ‘it hard to believe that an airport that has delayed a terminal by 3 years and cost increase from Rm2b to 4b has so much credibility.’

Truth is folks, the cost of KLIA2 has been doubled due to revision to increase 71% of its original capacity.

What started as a 150,000sqm terminal with 50 semi-contact gates and 2.5km runway to cater 30 million passengers per year has now become a 257,000 sqm terminal with 68 gates fully aerobridges and 3.9km runway for 45 million passengers per year.

If a business does well, the stock eventually follows! Heheheheheheheheh!!

But folks, the biggest argument against Labu Airport is its nearness to KLIA. No city in the world that built two different airports with two different operators and two uncoordinated control towers in just 10km radius.

folks, with 70 aircrafts movement and stacking before landing for each airport per hour will certainly make the possibility of crashes is very real.

Presumably this is the main reason why the project later canceled and replaced with a KLIA2- located 1.5km away from KLIA with a new control tower to better manage all three runways including KLIA and of course with MAHB as the airport operator.

Careful now folks! If a business does well, the stock eventually follows! How now? Will the massive selling stop? Hmmmmmm...!!

Folks, another reason is, AA should operate their own airport. It is an open secret that in the eyes of AA, MAHB is an inefficient airport operator. MAHB has purchased the wrong radar, MAHB can’t use KLIA’s sophisticated conveyor belt really well, MAHB fails to upgrade KLIA’s security, MAHB this and MAHB that.

Therefore AA should step in and become the airport operator as well.

Never mind if MAHB operates second world’s best airport in the world and consistently paid the concession fees and taxes to the Government, issued dividends to shareholders, paid incentives to airlines and remained profitable for the past 15 years.

For AA, it still not good enough, folks! Hmmmmmmm...!!

For those who still remember, in 2009 Sime Darby and AA came out with a proposed RM1.8 billion LCCT project in Labu.

The reason? AA- the fastest growing and largest low-cost airline in Asia needs a permanent home.

But why they refuse to locate their home in KLIA when Klia has 25,000 acres, bigger than Putrajaya is still a mystery.

Maybe there is still not enough space for the 25 million AA passengers. How now, folks?

If a business does well, the stock eventually follows. Hahahahahahahah!!

Investors become emotionally attached to a stock and overlook the company's shortcomings. Whatever the reason loving a stock, separate your emotions from the hard reality that time to sell.

1Q earnings is expected to be bad, folks! Hahahahahahahah!!

Folks, ask yourselves this question: if benalec has good prospect why sell the share at a discount of 14sen & not in the open market? Remember folks, now the buyer has 45m shares buying at 0.77 at his/her disposal!

Careful now!

Folks, you want the truth you can't handle the truth! Due to poor 1Q14 earnings this stock will be trading below 2.00 in the near future! So the big question: will you buy n see your money melting like a burning candle?

The truth hurts! Wakakakakakakakakakak!!

AA will test it critical support level at 2.18 soon. With anticipated poor 1Q earnings, going below 2.00 will not be much a problem. The truth hurts & sooner or later the truth will prevail, folks!

Hahahahahahahah!!

There you go, folks........2.28! Will the critical support level at 2.18 hold? Will the weak 4Q13 earnings carry into 1Q14? Below 2.00 in the coming days?

Remember folks, the 4Q13 core net profit was down 42% YoY despite an 11% rise in ASK capacity, as RASK fell 17% YoY to 14.36 sen on the back of weak pricing.

The last time 4Q RASK was lower than this was in 4Q09, when jet fuel was 40% cheaper. AA was trading below 1.30 in the 4Q09.

Investors have short memories!! Hahahahahahahahah!!

Beware of the little expenses; a small leak will sink a great ship. Hmmmmmm..!!

Of course AA is cheap for a reason and will stay cheaper for months to come as theirs slumping profit margins remain a problem for stock market. Beside facing heavy competition, and it might not be able to pass on to passengers:

1. The 9% rise in landing charges from January 2014.
2. The upcoming 9%-11% rise in airport passenger service charges in February 2014.
3. The 6% GST in Malaysia from April 2015.

You can't handle the truth folks cos the truth hurts! Hahahahahahahahah!!

Movements by Airasia, AAX, AA Zest, Cebu Pacific, Indonesia AA, Thai AA & TigerAir at LCCT & other Airpots in Malaysia:

Passenger Movements
Oct 2013: 2,755,583 (+)
Nov 2013: 2,980,955 (+)
Dec 2013: 3,410,581 (+)
Jan 2014: 2,736,507 (-)
Feb 2014: 2,654,315 (-)
Mar 2014: (+) or (-)

Aircraft Movements
Oct 2013: 37,323 (+)
Nov 2013: 35,591 (-)
Dec 2013: 37,483 (+)
Jan 2014: 36,434 (-)
Feb 2014: 33,263 (-)
Mar 2014: (+) or (-)

So folks, with the figures above, how will the 1Q14 earnings be? The truth hurts! Hahahahahahah!!

As per Airasia announcement to Bursa:

1. In Malaysia, forward loads for the remaining months of the first quarter of 2014 are higher than in the prior year with base fares slightly lower than the prior year.

2. In Thailand, tourism has been impacted by the country’s political unrest. The government decided to declare a state of emergency in order to enforce law and order and over 40 countries issued travel advisories which was the key element that affected tourism in Thailand. Forward loads (for 1Q14) in Thailand are lower than the prior year with average fares also lower than the prior year.

3. In Indonesian the upcoming elections in the second and third quarter of 2014 may put downward pressure on the Rupiah. The outlook for first quarter of 2014 is positive as forward loads in Indonesia are higher compared to the previous year with average fares slightly lower than the previous year.

4. In Philippines forward loads (for 1Q14) are lower than the previous year while fares are expected to be higher than previous year and previous quarter.

Folks, for the first time in memory, Malaysia AirAsia’s (MAA) 4Q profit was essentially flat QoQ, despite the seasonal peak.

4Q13 core net profit was down 42% YoY despite an 11% rise in ASK capacity, as RASK fell 17% YoY to 14.36 sen on the back of weak pricing. The last time 4Q RASK was lower than this was in4Q09, when jet fuel was 40% cheaper.

Remember folks, AA was trading below 1.30 in the 4Q09. Now will the weak 4Q13 earnings carry into the 1Q14? Hahahahahahah!!

Folks, the last date shares transacted by substantial shareholders:

1. Wellington:
Acquired 03/04/2014 291,325
Disposed 03/04/2014 322,500

2. Employees Provident Fund Board:
Disposed 05/02/2014 75,000

3. Late Sep 2012, Tune bought a total 68,030,000 shares at an average price of rm2.91 per share when the stock took the beating after the announcement of Malindo.

Now the big question: As of 09/04/2014 why aren't the substantial shareholders buying more?

The truth hurts, folks! Hahahahahhahaah!!

Folks, Changes in Director's Interest:

1. Dato' Kamarudin Bin Meranun
Acquired 14/11/2013 1,000,000 2.545
Acquired 29/08/2013 700,000 2.535
Acquired 02/09/2013 300,000 2.585
Disposed 07/08/2013 2,292,900 3.180

2. Dato' Abdel Aziz @ Abdul Aziz Bin Abu Bakar
Disposed 17/10/2013 50,000 2.810
Acquired 23/08/2013 50,000 2.660
Disposed 05/06/2013 50,000 3.500

3. Tan Sri Dr. Anthony Francis Fernandes
Disposed 21/08/2013 10 3.180
Acquired 22/08/2013 500,000 2.810
Acquired 22/08/2013 200,000 2.790
Acquired 22/08/2013 200,000 2.780
Acquired 22/08/2013 100,000 2.770
Disposed 07/08/2013 2,627,000 3.180

Now folks, who are having the last laugh! Directors selling high & buying low! How? Investors have short memories!! Hahahahahahahahah!!

Folks, investors become emotionally attached to a stock and overlook the company's shortcomings. Whatever the reason loving a stock, separate your emotions from the hard reality that it time to sell.

Remember folks, be greedy with cash when investors are fearful & selling shares massively & aggressively!

Folks, basing on the share price seem like 1Q earnings will be bad if not worse! How.......below rm2.30 today & rm2.00 in the coming days?

investors have short memories!! Heheheheheheheheh!!

Folks, be fearful & not greedy when investors are selling aggressive & massively. Hahahahahahahahah!!

Remember folks, if a business does well, the stock eventually follows! The truth hurts, folks! Heheheheheheheheheh!!

Careful now folks as selling is getting more aggressive & massive. Something is brewing in AA. Could the 1Q earnings be bad? Hmmmmm...!!

Folk, just a temporary rise in a specific stock. A sucker rally occurs with little fundamental information to back the movement in price.

Smart money will exit while the "suckers" will be easily deceived or duped to buy stock. Unfortunately for them, the rally proves to be short-lived, as their reasons for buying turn out to be incorrect or ill-timed.

Careful now, folks! Hahahahahahahahah!!

As reported by Bursa Direct Business Transaction, 45m shares of Benalec were traded today at rm0.77!

As such will the year low at 0.845 hold? Careful now, folks! Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.

Heheheheheheheheh!!

Probably EPF & other foreign funds on selling spree again, folks! Careful now as 2.18 will the critical support level for now & if broken then next target in the making will be below 2.00!

Hahahahahahahahaha!!

Folks, someone stubbornly hold on to stocks where they are making sizeable losses in the belief that they can exit when the price reaches their buying price.

Most of the minds are not trained to acknowledge the fact that they have made a mistake and probably the best thing is to move on.

The truth hurts! Hahahahahahahhahahahahaha!~!

Tony Fernandes did a U-turn on quitting social media, as he decided to continue on micro-blogging website Twitter on Monday.

Earlier on Saturday, Fernandes had taken everybody by surprise after he tweeted that he had decided to quit from Twitter and April 30 would be his last day. “Reaching 50 years. Think I spend too much time on it. It has been awesome but time to move on. April 30 will be my last day on Twitter.

What next? U turn on 20% dividend policy, AA India operation, KLIA2 or maybe share buy-back? Hmmmmmmm......Time will tell!

Shares of stock lose value when company profits drop or investors believe that company future profits will drop!

So folks, are you ready for the 1Q earnings? Fasten your seat belts its going to be a bumpy ride ahead! A perfect storm in the making, folks!

Heheheheheheheheheh!!

Remember folks, Airasia trying their best to conserve cash by selling 6 existing aircraft & reduce cost by deferring 19 aircraft deliveries!

The management also would likely not undertake any share buy-back this year, given its preference to conserve cash.

So how about paying 131m (20% dividend policy on Net Operating Profit) for dividend? Hmmmmmmm......Time will tell!

Takeoff trouble: AirAsia's India entry may delay further

View here: http://www.moneycontrol.com/video/cnbc-tv18-comments/takeoff-trouble-airasias-india-entry-may-delay-further_1066246.html

Folks, the Delhi High Court is currently hearing this issue over the interpretation of the foreign direct investment in civil aviation sector and AirAsia and Tata-Singapore are two cases in front of it and nobody knows when the Delhi High Court will finally dispose off this matter because the next date of hearing is April 23.

As of now folks, it seems the civil aviation ministry is taking a stand which is very different from the stand it had earlier taken. Earlier, it believed, it did not have to wait for Delhi High Court’s verdict as it was expected to be a parallel matter.

The Delhi High Court angle is clearly a setback for AirAsia India, folks. You want the truth folks? You can't handle the truth! The truth hurts, folks! Hahahahahahahah!!

Folks, the much-awaited Air Operators Permit (AOP) to AirAsia India, which will allow the airline to start its India operations, could get further delayed.

The civil aviation ministry last week wrote to the Election Commission stating that the final decision on the permit will depend on the outcome of the case at the Delhi High Court.

So how now, folks? Hahahahahahahahahahaha!!

For one, the AirAsia Group has made the right move in slowing down expansion by deferring deliveries and selling aircraft.

Now the big questions: Will there be growth in Airasia? Will AA weak Q4 results carry over into Q1FY14? Are you buying a disaster on its way down thinking you are averaging your costs?

Careful now! Hahahahahahahahahah!!

Movements by Airasia, AAX, AA Zest, Cebu Pacific, Indonesia AA, Thai AAA & TigerAir at LCCT & other Airpots in Malaysia:

Passenger Movements
Oct 2013: 2,755,583
Nov 2013: 2,980,955
Dec 2013: 3,410,581
Jan 2014: 2,736,507
Feb 2014: 2,654,315
Mar 2014: Hmmmmmm........!

Aircraft Movements
Oct 2013: 37,323
Nov 2013: 35,591
Dec 2013: 37,483
Jan 2014: 36,434
Feb 2014: 33,263
Mar 2014: How.............?

So folks, will the 1Q earnings be good, bad or ugly? Careful now! Hahahahahahah!!

1. Net operating profit
FY13: 653.104m
FY12: 727.631m

2. Profit after tax
FY13: 364.071m
FY12: 789.608m

Folks, Airasia has a dividend policy of 20% its net operating profit & that come to a staggering rm131m for FY2013 dividend.

Remember folks, Airasia profit after tax (PAT) for FY2013 at rm364m only. Now the big question: will foreign & local funds be happy anything less than rm131m as dividend?

On the other hand AA trying their best to conserve cash by selling 6 existing aircraft & reduce cost by deferring 19 aircraft deliveries! Even the share buy-back has not materialized!

How? Heheheheheheheheh!!

Najib, as quoted by the NST news alert, has told AirAsia to move to KLIA2 when the current LCCT is closed on the 9th of May, 2014. Read more here: http://www.apanama.my/move-to-klia2-pm-tells-airasia/

So the big question: how will the market react to this news? Careful now as FY2014 & 2015 will be the difficult year for AAX. Will 0.70 critical support level hold?

Careful now!! Hahahahahahahahahah!!!

Najib, as quoted by the NST news alert, has told AirAsia to move to KLIA2 when the current LCCT is closed on the 9th of May, 2014. Read more here: http://www.apanama.my/move-to-klia2-pm-tells-airasia/

So the big question: how will the market react to this news? Careful now as FY2014 & 2015 will be the difficult year for AA. Below 2.00 in the making? Hmmmmmmm........!!!

Credit Suisse says the low-cost carrier segment is the poster-child turned bad boy. Once the savior of the traveling public when they first arrived in Southeast Asia in 2002, budget airlines have grown too big, too fast - and risk going the way of European low cost carriers, which have dragged down industry profitability for much of the last decade.

"Have grown too big, too fast," so how then? Will the weak FY2013 earnings carry into FY2014? Time will tell! Careful now, folks! Hahahahahahahahahah!!