Off Topic Air Asia's Long-Haul Model Won't Fly

http://www.bloomberg.com/gadfly/articles/2015-11-25/discount-airfares-don-t-make-sense-for-airasia-x

 

The famous Fernandes Midas touch.

 

They flew here for a very short time
Great prices to london

 

In fairness, the author is fairly positive about the rest of TF's airline business.

 

That's what i thought RTID

 

They have been trying and failing to make money on the long haul business for years, but because it's a public company they can't just give (like Caterham) up without facing a **** storm.

The short haul business is good value for investors because of the massive fall in the share price and low aviation fuel prices, if they can see through the strange accounting practices and Fernades doesn't take it into private ownership.

 

And I believe some just want TF to fail and give him bad press at every oppertunity.

 

Be fair. Only since he failed to sack Redknapp when we were relegated and the scale of the financial hole v non delivery became clear.

 

Perhaps Tony should try this service model?

Although I prefer........

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AirAsia shares slide on poor earnings results

• 27 November 2015

Shares in Asia's biggest budget airline, AirAsia, fell as much as 7% on Friday after the firm posted a loss for the three months to September.

The Malaysian-based airline, which has operations in Indonesia and the Philippines, among others, posted a net loss on Thursday of 405.73 Malaysian ringgit ($95.8m; £63.4m).

The firm's earnings were hurt by foreign exchange, it said.

Its Indonesian operations also dragged on the firm's bottom line.

AirAsia's share of Indonesia AirAsia's net loss in the period came to 155.7m Malaysian ringgit.

However, the firm said it was working towards a better fourth quarter.

"We are working on increasing capacity in the fourth quarter to meet the strong demand due to the year end holidays and festivities," it said.

Thursday's results come one day after the airline group posted the eighth straight quarter of losses at its long haul service, Air Asia X.

Next week, Indonesia's national transport safety board is expected to announce the findings of AirAsia's deadly crash that occurred in December 2014 when one of its carriers crashed into the Java Sea off of Indonesia, killing all 162 people on board.