I thought typo and it must be a mistaken, must be 500m and not 5b. then i go read the pdf... really RM5B... can easily buy up an entire small to mid cap company in Malaysia already. gila.
Already said long time ago, extremely poor management. Good time can't make good profit, don't dream in the bad time. Extremely poor restructuring plan and slow too. Lastly, stock code itself given hint not easy to survive and become rich. No double AA, as indicated by X. Anyway, trading play opportunity exist if chief traders want to trade. Also get ready $ for rescue plan.
even if got top level management also this business no hope, even before covid during the travel boom time. there are no long haul budget airline business model that works.
US, China and several countries are going through Covid recovery phase. Won't be long before the world succeed in our fight against Covid. Prepare for post pandemic boom.
SYDNEY (June 9): AirAsia Group Bhd has grounded around 90% of its fleet of more than 200 planes across Asia due to a resurgence of Covid-19 outbreaks, an executive of its Malaysian unit said today.
Malaysia, its largest market with 105 planes, is currently under a lockdown.
AirAsia expects demand to start to rebound from August, allowing it to restore service to all 17 of the domestic airports it serves by October, group chief operating officer (COO) Javed Anwar Malik said at a CAPA - Centre for Aviation event today.
A full return to pre-Covid demand levels across Asia is not expected until around the third quarter of 2022 (3Q22), he said.
AirAsia last month reported its seventh consecutive quarterly loss and said it was continuing efforts to secure more liquidity.
Passengers carried in the quarter ended March 31 totalled 976,968, a 90% drop from a year ago.
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....
lam6339
36 posts
Posted by lam6339 > 2021-05-18 10:46 | Report Abuse
Now can buy im new