Posted by legolandinjohor > 2019-08-22 19:19 | Report Abuse

This quarter already turn loss, next quarter lagi teruk

Posted by Flyinghorse > 2019-08-22 19:21 | Report Abuse

TF should resign

Posted by Flyinghorse > 2019-08-22 19:23 | Report Abuse

@ pang75, TF mentioned best year for AAX. But not best profit. It is best lose of the year. LOL

Posted by Airline Bobby > 2019-08-22 19:27 | Report Abuse

The "best" year for aax ~

Posted by supersaiyan3 > 2019-08-22 19:55 | Report Abuse

Collect skin loh

Posted by PeterPan > 2019-08-22 20:04 | Report Abuse

Privatise soon

Posted by Airline Bobby > 2019-08-22 20:16 | Report Abuse

Cash flow good just because of asset disposal zzz

Posted by ChefSaham > 2019-08-22 20:17 | Report Abuse

mainly due to depreciation la operation wise EBITDA net profit 120+ million

Posted by stanleysew > 2019-08-22 20:30 | Report Abuse

0.05 sen ....?!

Posted by Flyinghorse > 2019-08-22 20:31 | Report Abuse

0.01 sen....?!

Posted by CITADEL > 2019-08-22 20:34 | Report Abuse

QR very good!!!limit up tomorrow!!

Posted by freddiehero > 2019-08-22 20:38 | Report Abuse

ya, can fly now.

Posted by Good123 > 2019-08-22 20:41 | Report Abuse

Esok menjunam ..pasti

KUALA LUMPUR (Aug 22): Low-cost long-haul carrier AirAsia X Bhd’s net loss for the second quarter ended June 30, 2019 (2QFY19) ballooned to RM207.11 million from RM57.46 million recorded in the corresponding quarter last year, which it blamed on a weaker ringgit and the loss on disposal of three aircraft under a sale and leaseback arrangement.

The over four-fold rise in net loss pushed its loss per share for the quarter to 5 sen from 1.4 sen previously. Quarterly revenue fell 4% to RM1.01 billion from RM1.06 billion. The disposal loss, its stock exchange filing today showed, amounted to RM72.5 million.

The weaker 2QFY19 pushed its net loss for the first half of FY19 (1HFY19) up over 10 times to RM163.78 million from RM15.96 million a year ago while revenue retreated to RM2.18 billion from RM2.33 million. Consequently, LPS for the period swelled to 3.9 sen from 0.4 sen in the year-ago period.

Going into the second half of 2019, the long-haul low-cost carrier said it recognises the challenges posed by the weakening of the ringgit against the US dollar, and that amid the global economic backdrop, expects its operating environment to be challenging.

It is also concerned about the implementation of the departure levy, effective Sept 1, saying it may impact air travel demand during the third quarter of 2019 (3Q19), which is seen to be a leaner quarter for the mid-to-long haul segment. But it expects 4Q19 to remain reasonably healthy as management continues to push for efforts to mitigate cost pressures and remains committed to ensure sustainable growth amid the challenging circumstances.

While demand and load factors are expected to remain at healthy levels, it said its average base fare is under pressure due to capacity increases in core established routes, as well as new routes.

"The board is also aware of the slowdown of growth in the tourism sector, especially from the China and Korea market segments. Efforts have been made to mitigate this risk by shifting some of [our] future capacity into other core markets.

“On the fleet planning front, while AirAsia X Thailand is adding up to five aircraft through operating leases in 2019, AirAsia X Malaysia is expected to remain with 24 aircraft as it focuses on maximising aircraft utilisation and realigning [its] business model to ensure continued sustainability and commercial viability in the coming quarters,” the group added.

Its shares closed unchanged at 19.5 sen today, valuing the group at RM808.89 million. In the past year, the stock has tumbled over 44%.

Posted by freddiehero > 2019-08-22 20:42 | Report Abuse

like tis all aa stock sure go down..

Posted by ChefSaham > 2019-08-22 21:12 | Report Abuse

will it repeat what happened in 2015? lowest go down 0.15 then rebound to highest to 0.5 in years

Posted by snwong13 > 2019-08-22 21:41 | Report Abuse

.
Yes, waiting all sell to the bottom!
Will collect and keep...

Posted by icecool > 2019-08-22 21:43 | Report Abuse

WOW!!!.....

Posted by icecool > 2019-08-22 21:44 | Report Abuse

omg ...

Posted by icecool > 2019-08-22 21:49 | Report Abuse

i am speechless, perplex, shocked, by the qr. wow! luckily maybank share the news early to help many retailers to comprehend the fundamentals of the company.
Thanks Maybank, your insight is helpful.

Posted by TrippleZ > 2019-08-22 21:58 | Report Abuse

I thought 2019 is the best year for AAX.

Posted by ChoCho > 2019-08-22 22:10 | Report Abuse

the huge loss is due to a one-off accelerated depreciation arising from disposal of the aircraft to facilitate the lease of aircraft. Operating cashflow wise, AAX has improved tremendously with 17x higher operating cashflow compare to last year 2018 Q2. EBITDA improved by more than 100%. This shows AAX has succeeded in their turnaround plan. Buy at low now.

https://newsroom.airasia.com/news/2019/8/22/airasia-x-delivers-rm101-billion-revenue-in-2q19

Posted by ChoCho > 2019-08-22 22:14 | Report Abuse

Pennies stock, when chiong, it will go up by leaps. Hold on to it, also don't cost much.

Posted by ChefSaham > 2019-08-22 22:19 | Report Abuse

https://newsroom.airasia.com/news/2019/8/22/airasia-x-delivers-rm101-billion-revenue-in-2q19

"The Company reported a net cash generated from operating activities of RM268.8 million, a significant increase year-on-year (“YoY) from the previous year’s RM23.5 million. More importantly, AirAsia X Malaysia posted Revenue per Available Seat Kilometre (“RASK”) of 12.03 sen, up by 2% on the back of an increase in average base fare (“ABF”) by 5% in 2Q19 to RM437 from last year’s RM418. On capacity, Available Seat per Kilometre (“ASK”) Capacity declined 6% YoY to 8,442 million and Passenger Load Factor (“PLF”) remained fairly stable at 80% during the quarter. "

Loss is due to depreciation, operation statistics and financials are growing tremendously

Posted by ChefSaham > 2019-08-22 22:20 | Report Abuse

dont be surprise if close green or flat tmr

Posted by ChoCho > 2019-08-22 22:24 | Report Abuse

RM0.20 to buy RM4Bil Revenue/Asset company. Mana mau cari lagi.

Posted by Mamamia303030123 > 2019-08-22 22:25 | Report Abuse

The loss is due to the increase of depreciation, which is likely the impact of implementation of IFRS16 Leases.

If you would normalise the depreciation, AAX is almost at a breakeven position.

Please get your knowledge check before commenting.

Posted by supersaiyan3 > 2019-08-22 22:29 | Report Abuse

Wow, just now didn't read properly. Now seems I was right expecting higher ticket price.

Not yet collect skin....lol

Posted by papparich > 2019-08-22 22:30 | Report Abuse

0.20 is already so cheap. Of course lower, better lah...

Posted by from1to10 > 2019-08-22 22:33 | Report Abuse

omg...

Posted by from1to10 > 2019-08-22 22:34 | Report Abuse

nobody bloody care about what accounting standard impact.. bad result mean bad result.. ppl gone and they wont come back

Posted by Mamamia303030123 > 2019-08-22 22:39 | Report Abuse

It's your choice ;) TF might playing figures around and collect when you throw tomorrow.

Posted by Mamamia303030123 > 2019-08-22 22:45 | Report Abuse

All company with high operating lease will encounter higher depreciation starting from now. Depreciation is just a rough estimation. . But actual in fact, they are better in performance.

Posted by snwong13 > 2019-08-22 22:46 | Report Abuse

.
Expected knee jerk reactions to sell down.
Someone is fishing down there when dust settle down.

Posted by Mamamia303030123 > 2019-08-22 22:47 | Report Abuse

And AAX cash-flow in reacting positively

Posted by Mamamia303030123 > 2019-08-22 22:47 | Report Abuse

Just collect at low when ppl start disposing off tomorrow

Posted by snwong13 > 2019-08-22 22:48 | Report Abuse

Yes, that's the whole ideas of collecting low!

Posted by ChefSaham > 2019-08-22 22:50 | Report Abuse

but ppl will still panic sell in the morning but dont be surprised to see sharks collecting at low and close at flat or green bank analyst all know how to read financial statements they purposely put low TP so u will sell to them they know more than you ;)

Posted by Mabel > 2019-08-22 22:51 | Report Abuse

If it drops to 0.14 as Maybank said, I will accumulate thanks to 0.9 Dividend from AA..

Posted by Mabel > 2019-08-22 22:54 | Report Abuse

@ciaksai TF can trust 100%?

For AA, he kept his promise
For AAX, Yet to be seen..

Posted by Mamamia303030123 > 2019-08-22 22:56 | Report Abuse

Yes. There will definitely be panic selling tomorrow. But who knows, IB might just buy it up.

Posted by Mamamia303030123 > 2019-08-22 22:57 | Report Abuse

If IB TP can be trusted, then no one will be making loss in investment already

Posted by RosMaJibSpiner > 2019-08-22 22:59 | Report Abuse

Time to collect during panic morning using 2.6B.

Posted by ChoCho > 2019-08-22 23:01 | Report Abuse

AAX despite being top active volume counter today, the money flow for today is actually positive.....

Posted by Will8080 > 2019-08-22 23:03 | Report Abuse

Many don’t know how to read the report and just sees the surface only. The loss is actually DEPRECIATION value in assets. Doesn’t mean the company is making a loss. Actually the cash flow is POSITIVE. Many gotta learn to READ instead of SEE. Anyways, may buy in when panic sells tmr. Goodluck all!

Posted by sell > 2019-08-22 23:03 | Report Abuse

Najib owe tax RM 1.69 bil why never pay?

Posted by RosMaJibSpiner > Aug 22, 2019 10:59 PM | Report Abuse
Time to collect during panic morning using 2.6B.

Posted by ChoCho > 2019-08-22 23:03 | Report Abuse

bring your najib rosmah topics elsewhere. here is AAX topic.

Posted by ChoCho > 2019-08-22 23:05 | Report Abuse

want to play numbers game, must min. know how to read and interpret numbers. News always like to sensational for more likes and readership.

Posted by Will8080 > 2019-08-22 23:57 | Report Abuse

Hahahahaha why suddenly another random topic came here.... LMAO... literally.

Posted by Ron90 > 2019-08-23 00:49 | Report Abuse

TF will use his 90 cents dividend from AA to top up in AAX.. coz AA less exciting olready, time for him to focus on AAX!

Posted by Dawneagle > 2019-08-23 01:03 | Report Abuse

LOSS IS LOSS. No need to justify or give stupid reasons or even blame on accounting.

It has been on a downward spiral since IPO.

YES, it's the cheapest long haul airline stock. That's because its fcuked up. Dont think it's cheap. Cheap doesn't mean good.

My thoughts -- not much movement because its controlled by operators under supervision of TF.