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Not a bad performance considering other airlines were going for Chapter 11. It was expected due to pandemic, but surprisingly, AA managed to withstand the perfect storm. Good luck maybe?
AirAsia is a monopoly company. So what I think, even there is lost due to covid, It will come back. All people knows it. So I will not sell even dropped to 50 sen.Believe me for AA, that was easy to comeback
Monopoly also look at their company pre pandemic. from rm3 to rm 1.4 within 1 year. Let's not talk about their balance sheet. If company run by fools, monopoly has no advantage.
1.6b loss, about this level lah. This is my guess:
2.1bil sales and loss 0.8bil, means expenses about 3bil. If no sales, then no cost of sales like fuel costs but still there are staff / rents, etc, so about half of it which is 1.5bil loss loh, If consider cost cutting, then lower may be 1bil loss?
I believe the management will take this chance to write off many intangible such as goodwill, fair value adjustment, etc, so easily 1.5~2.0bil loss.
Afterall the price is so low already, the bosses can buy-back shares at cheap price and enjoy more dividend next time.
