Struggling Australian carrier Qantas on Thursday said it will axe 5,000 jobs in a major shake-up after a first-half net loss of Aus$235 million (US$210 million), warning of more pain ahead.
Malaysia Airlines next? Desperate times call for desperate measures folks!Hmmmmmmmmmmmmm...!!
Folks, there aren’t many government-owned national airlines in the world. There is none in U.S. and such entities are becoming rarer in Europe. Sooner or later, that trend will spread to Asia, inevitably to Malaysia.
For the last 7 years, the national carrier has made three cash call exercise for the amount of RM7 billion only to accumulate losses RM4.1 billion in three years’ time.
So folks, should the company file for bankruptcy then operate under a new company and with the same name just what Japan Airlines and American Airlines did?
MAS should practise what Quantas doing now... cut down the manpower... don bother about the MAS union which protecting the staffs... MAS is not a charity home... is corporate business.... profit and turn around the company is priority at the moment....if maintaining the same strategy in driving the operations.... every quarter will report loss... and sooner, the reserve fund also dry out.... the whole nation also don't want to see MAS being brankrupt....
Currently, the only thing mas can do... just push the price up and let the shareholders earn a bit first , this will make everyone happy with no comment. haha....
gyaphong, not being racist but almost 80% of MAS workforce is Malay so the management don't really have a choice but to protect them plus top-down pressure. Even u put in a top CEO to manage somehow also need to answer to the top boss (govt) if u wanna implement any strategy. best solution is to privatise
Mas is like a leaking ballon now,the more u pump in the air(money),the greater will be the leakage(mismanagement).so u just sit back and don't do anything(i mean buying it'share in order to avoid onwing a badly leaked ballon!)
you have to ask yourself why is MAS hoarding RM3.8 billion in cash when their market capitalization is only RM4.1 billion. Wouldn't the money be better spent on paying off their debts and reducing the staggering finance cost? Which is even more disturbing that the interest cost itself is even higher than their 2013 EBITDA.
MAS will stay, must stay. otherwise, many people no makan ah. Regardless how much does it worths, it will be jumping around low 0.2xx to mid 0.2xx short term, agree?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
stocktrade
28 posts
Posted by stocktrade > 2014-02-27 08:07 | Report Abuse
heard this might drop below 0.2.....hmmm, lets wait and see.