AirAsia’s 2nd quarters net profit was down by 47% to RM104.26 million against RM198.93 million deferred tax charge. MAS posted a net loss of RM526.8 million. MAS called off its media briefing at the eleventh hour yesterday due to “unforseen circumstances” but continued with its analyst briefing. Tan Sri Tony Fernandes told analyst in a conference yesterday that the airlineswill be presenting their case to the Prime Minister in his bid to reverse airport operator MAHB’s to increase passenger service charge, aircraft landing and parking charges. As usual the press report on AirAsia was very rosy and will be flying to another majestic height and the future of MAS, of course, was very very bleak. Read HERE.
With the consistent reported net profits of AirAsia year after year but no dividend has been paid to its shareholders. Yet we have been constantly told by Tan Sri Tony Fernandes that all is well with AirAsia despite of its past records of owing more than RM125 million in airport tax, which the passengers have duly paid to AirAsia, as the collecting agent for MAHB. Now it was reported in the Star that AirAsia’s profit was down by RM32.7 million due to “deferred” tax charge. With so many rosy reports, I have my doubts on the losses.
I wonder whether it was connected to airport tax and others. Common sense tells us that when a company is doing so “well” year after year, it should give out dividend to tis shareholders but not AirAsia. But not in the case of AirAsia. However, it can afford to sponsor Lotus, football team in America and now buying QPR in UK but its shareholders can only enjoy the performance in the share market especially from 21 July 2011 until it was suspended prior to its suspension before the famous “share swap”, in HERE.
Now Tan Sri Tony wants to reverse MAHB airport charges but he never took actions to reverse the abnormal charge of RM10 for check in over the counter, refunding airport taxes, fuel charges and other charges (other that fare) for those who were not able to travel. He must be reminded of the proverb “charity begins at home”.
Tan Sri Tony Fernandes can just order MAHB to stop building aerobridges in the new KLIA 2 and MAB and Khazanah Nasional Bhd had to bow to him. MAHB aerobridges are no longer a luxury but a necessity for all new airports in the world for all passengers including the elderly and disabled. But MAHB and Khazanah Nasional Bhd have only “YES SIR”
