AAX doesnt make money to be honest. It is Long haul flight, but maintenance, operation, airport rental etc is much more higher than profits. AirAsia Berhad making money but they need to cover AAX losses.
right issue bila? KUALA LUMPUR: AirAsia X Bhd's net loss widened to RM229.89 million in the third quarter (Q3) ended September 30, 2019, from RM197.47 million a year earlier. This was due to a RM67.5 million rise in foreign exchange losses as well as deferred taxation of RM71.76 million. However, AirAsia X's net operating loss for the quarter shrank to RM69.46 million compared to RM205.23 million in 2018's corresponding period, mainly due to the recognition of airport incentives and a lower fuel price, it said. In addition, an impairment of RM138.2 million had been provided for in Q3 2018, the long-haul budget airline said in a filing with Bursa Malaysia. Its revenue for the quarter under review decreased to RM1.01 billion from RM1.08 billion previously. For the nine-month financial period, AirAsia X's net loss grew to RM393.67 million from RM213.43 million in the same period last year while revenue rose to RM3.19 billion from RM3.41 billion previously. The airline pointed out the challenges posed by the weakening of the ringgit against the US dollar and the recent implementation of a departure levy from all Malaysian airports, as well as "irrational competition" in the local aviation industry. "However, the company is safeguarded against fuel price volatility as 86 per cent of the airline's fuel requirement for the fourth quarter of this year is hedged at average Brent hedge prices of US$61 per barrel," it added. Amid these headwinds, the group would actively capture revenue opportunities and exercise cost discipline to boost profitability in this challenging macroeconomic environment, AirAsia X added. "Demand and load factors are expected to remain at a reasonably healthy level. In addition, it is worthwhile to note that average base fare is trending higher year-on-year in quarter four," it said. The carrier said its management continued to work on reducing costs, including investment in digitalisation as part of AirAsia Group-wide initiatives that are expected to help reduce costs in the long run. "The company expects fourth quarter 2019's overall core results to remain reasonably healthier operationally year-on-year as the management remains committed to ensure sustainable growth amid challenges in the global aviation industry," it added.
airlines stocks are affected by oil price, currency fluctuation, natural disasters, government to government relationships, wars, etc ... sensitive industry... high beta stock, high volatility... high risk high return, not for retirees or those need steady yearly income / dividend for their old age
AAX merupakan syarikat yang paling lemah dalam pengurusan dalam sejarah. Tiket mahal pada hari perayaan tapi masih rugi? Apalah conpany kah, kalah pada pengurusan kedai runcit. Sudah berapa tahun pemegang saham tunggu keajaiban untuk kembali pada harga ipo menjadi terus hampa dan kecewa saja. Walaupun aax terus rugi tapi ceo terus makan gaji buta saja sudah berjuta. Tony hanya tahu bergembira dengan bini korea saja apa lagi dia tahu sekarang. Rm1.20 pun baru kira tak rugi bukan untung lagi. Tutup saja aax bagi peluang peniaga asing saja sebab malaysia hanya tahu cakap saja malaysia boleh! Boleh rugi sampai 15cent pun tak malu....
Tony keep on criticizing MAS as lost making airline, when MAS had to subsidized lots of thing and had to follow government policy to maintain social security... not like AAX, purey private entity.. still rugi lagi teruk !!..:-p
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....
ChoCho
345 posts
Posted by ChoCho > 2019-11-28 12:31 | Report Abuse
double bottom pattern in weekly and monthly chart...it will revisit the neckline at 0.55. bila, tak tau.