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  1. Last week
  2. AIRASIA X 1Q20 Financial Results Unprecedented — COVID-19 Impacts Airlines SEPANG, 30 JULY 2020– AirAsia X Berhad (“AirAsia X” or “the Company”) today reported its financial results for the First Quarter of 2020 (“1Q20”). The Company reported a revenue of RM924.1 million during the quarter, 21% lower year-on-year (“YoY”) from RM1.17 billion charted in the same period in 2019. This came as seat capacity and the total number of passengers carried decreased on the back of the COVID-19 outbreak. During 1Q20, a total of 1,141,713 passengers were carried, down by 25% YoY from 1,512,546 passengers carried during the first quarter of 2019 (“1Q19”), while seat capacity was cut by 15% YoY to 1,544,121 as travel restrictions and border controls lead to a drop in travel demand. In January 2020, the Company was charting profits at an operating level, which serves as a testament to the network rationalisation efforts undertaken since 2019. It was only since February 2020 during the onset of COVID-19 that the demand for air travel was impacted. More: http://airasiax.listedcompany.com/newsroom/Press_Release_1Q20-.pdf Bursa Malaysia Filing: http://airasiax.com/misc/qr/Quarterly_Announcement_1Q2020.pdf Investors' Presentation: http://airasiax.com/misc/qr/presentation_slide_1Q2020.pdf
  3. AAX reports 32.9% deviation between FY19 audited and unaudited net loss KUALA LUMPUR (July 30): AirAsia X Bhd (AAX) recorded a wider audited net loss of RM650.32 million for the financial year ended Dec 31, 2019, compared with the previously announced unaudited net loss of RM489.48 million for the year, resulting in a 32.9% or RM160.84 million deviation. This was due, among others, to an adjustment to deferred tax assets, which has adversely impacted the deferred taxation line in the income statement by RM178.9 million, AAX said in a stock exchange filing. The deferred tax assets on the balance sheet, AAX said, was dependent upon the ability of the company to generate future taxable profits based on past performance and a reasonable growth rate. https://www.theedgemarkets.com/article/aax-reports-329-deviation-between-fy19-audited-and-unaudited-net-loss
  4. AAX says it won’t be classified as PN17 despite triggering criteria https://www.theedgemarkets.com/article/aax-says-it-wont-be-classified-pn17-despite-triggering-criteria
  5. AirAsia X posts record quarterly loss of RM549m, auditors doubt it can continue as going concern KUALA LUMPUR (July 30): Foreign exchange losses and wrong hedges against higher crude oil prices have pulled AirAsia X Bhd (AAX) into a massive net loss of RM549.7 million for its first quarter ended March 31, 2020 (1QFY20) — the long-haul low-cost carrier’s biggest ever quarterly loss. AAX’s auditor Ernst & Young (E&Y) raised a red flag on its financials. The auditor announced to the stock exchange that there may be “significant doubt” over the carrier’s ability to continue as a going concern in respect to its financial position. Furthermore, the low-cost carrier has been categorised as a Practice Note 17-status company by Bursa Malaysia given that its current liabilities exceeded current assets as at March 31. https://www.theedgemarkets.com/article/airasia-x-posts-record-quarterly-loss-rm549m-auditors-doubt-it-can-continue-going-concern
  6. Singapore Airlines reports S$1.12 billion net loss in Q1 as COVID-19 hits demand https://www.channelnewsasia.com/news/business/singapore-airlines-first-quarter-1-billion-net-loss-covid-19-12973458
  7. A320-251N, AirAsia India, F-WWIM, VT-ATD (MSN 10037) - in storage at CHR AirAsia India A320-251N 10037 F-WWIM / VT-ATD by dn280tls, on Flickr
  8. Earlier
  9. Raya Airways new toy, 9M-RXB in BKI.
  10. Volga Dnepr Airlines Ilyushin IL-76TD-90VD RA-76503 at BKI. (18/07/2020)
  11. To add on the last bit...
  12. Malaysia Airlines Airbus A330-323 9M-MTO "Oneworld" MH2607 equipment upgrade.
  13. V8-OAS first visit (flypass) to WBGG 27 June 2020
  14. https://www.jetphotos.com/photo/9796369
  15. More from last week session in PEN
  16. QF last B747 (Reg : VH-OEJ) flight, SYD-LAX-MHV
  17. Continuation from yesterday's
  18. Accident: Ethiopian B772 at Shanghai on Jul 22nd 2020, aircraft burned down on apron http://avherald.com/h?article=4da46e92&opt=0
  19. SHANGHAI (Reuters) - An Ethiopian Airlines’ Boeing 777 cargo plane caught fire while loading cargo at Shanghai Pudong International Airport on Wednesday, the airline said, adding that fire has been contained and none of the crew or ground staff were harmed. The cause of the incident was under investigation, Ethiopian Airlines said in a Facebook post. The aircraft was on a regular scheduled cargo service from Shanghai to Sao Paulo-Santiago, it added. Pictures and videos circulating on Chinese social media showed heavy smoke pouring from an Ethiopian aircraft, and a large section of the upper fuselage appeared scorched. After the fire broke, flights bound for Shanghai Pudong International Airport were diverted to Shanghai Hongqiao International Airport, said aviation data provider Variflight. https://www.reuters.com/article/us-china-aviation-ethiopian-airplane/ethiopian-airlines-cargo-plane-catches-fire-at-shanghai-airport-no-casualties-idUSKCN24N1C8?il=0
  20. Fernandes vows to keep AirAsia flying https://www.theedgemarkets.com/article/fernandes-vows-keep-airasia-flying
  21. All eyes on AirAsia X’s 1Q2020 results https://www.theedgemarkets.com/article/all-eyes-airasia-xs-1q2020-results
  22. A short hop to PEN when inter-state was allowed under the Recovery Movement Order. Though traffic has been reduced, there were some interesting ones.
  23. most if not all VLAs will be flying into sunset if recovery doesn't come in on time,
  24. This will remove the one and only Type D all Y configuration A333ceo AirAsia Group has. Previously the aircraft was heavily deployed on China and Taiwan route. Never got to see its interior, my rough guess it has all the previous generation black and red Y seats, not Mirius ironing board thin version.
  25. Airbus A330-343 MSN713 9M-XBD Air Asia X ferried 16jul20 KUL-DRS, for P2F-conversion ex M-ABLJ Source: skyliner.de Looks like this is one of the aircraft that was returned to lessor, Stratos Aircraft Management.
  26. British Airways retires entire 747 fleet after travel downturn British Airways has said it will retire all of its Boeing 747s as it suffers from the sharp travel downturn. The UK airline is the world's largest operator of the jumbo jets, with 31 in the fleet. "It is with great sadness that we can confirm we are proposing to retire our entire 747 fleet with immediate effect," a BA spokesman told the BBC. Airlines across the world have been hit hard by coronavirus-related travel restrictions. "It is unlikely our magnificent 'queen of the skies' will ever operate commercial services for British Airways again due to the downturn in travel caused by the Covid-19 global pandemic," the spokesman added. More: https://www.bbc.com/news/business-53426886
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