Hi Chrome,
Well, it looks like we all are mistaken here.
In todays NST T.F. is back and states that" AirAsia has never speculated on fuel prices in the past and will not speculate on fuel prices going forward".
And on the sell down of the shares, T.F. said, "that foreign funds have been reducing their exposure in airline stocks over the past two months and that all the prominent low-cost carriers around the world experience heavy sell downs".
So, there you have it, according to T.F. there is nothing to rapport here, its all clean and above board and the stock price meltdown is a worldwide event. Business as usual.
What is it with these newspapers that they give him all the space he wants to spin doctor around? Never a note of critique by a journalist, he sure has them in his pockets.
Regards
E.B.