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thats not how u read financial report.. please click the report and read properly.. the debt is still there.. the -700million is that duration loss for new financial year which only have Q1 for now.. so meaning every quarter they are burning money until plane starts to fly.. so thats why is a ticking time.. either AA runs out of money or someone pump in more money.. if not AA can declare bankruptcy like Virgin Atlantic Airlines and let private investor to buy them off.. similar thing with MAS.
Debt to Cash 13x lol. Even before Covid AirAsia is already running on lifelines. They will continue do RI or PP until they turn profit. That's indirectly a forced average down for shareholders. Good luck. Wouldn't touch it until it turns a profit
