I was also surprised to hear TF suggest that the unfair playing field might cause the demise of Air Asia. My thoughts are that Air Asia has done wonders for the Malaysian aviation scene. His high profile complaining about unfair competition has more to do with getting the Malaysian consumer behind his cause and I think they will because they have really benefited from the low fares that have resulted. The low share price has more to do with the fuel hedging policy, or lack of one and the current high oil price and expectation that it may further increase and the impact this will have on profits rather than fundamental flaws in their policy.