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There's light at the end of the tunnel; hold on a little longer; most likely the results will improve for the next few quarters as the travel industry improves gradually.
Another positive factor: the interest rate is coming down, which means bond prices are moving up. TunePro holds quite a lot of bonds; there will be writing back of gains in the near future.
Another plus element: AAX is expanding aggressively into overseas destinations including Europe; passengers of which are more likely to buy travel insurance. So, be of good cheers and wait for a while; there's silver lining on the horizon!
Tan, read this article: A newly-merged AirAsia Aviation expects to relaunch flights to Europe by the end of this year, and is looking to expand its network to Africa, North and South America in the longer term. From Flight Global
Gan, the article is not from airasia management.
If you have follow airasia aviation development, they are lack of pilot and airplane now.
If you compare Europe with China, do you think airasia will prioritize Europe over China market?
And the BOD understand very well that they will focus on medium haul only as long haul is a money losing biz for airasia
It takes time for new aircraft (eg A330) delivery.
Even they have additional aircraft, they will fly to China and India to capture the huge market biz rather than Europe.
Instead of expansion route to Europe, I would rather looking forward on China-Thailand route as their citizens can travel between the 2 countries without visa.
It's a boost for Thailand to attract the Chinese to visit Thailand.
