Properties mostly sold. No more huge cash cows to milk.
Airplanes mostly sold. Residual value negative because of glut in the market.
Market share dwindling.
Shareholders asked to cough out money a couple of years ago. NOt likely to cough out some more.
Cash reserve dwindling fast.
Wherre to look for money now?
Maybe the
Guarantee
Losing
Companies willing to throw good money after bad.
Or the GOMEN?
Aviation sector faces losses and dwindling demand
OSK Research analyst Ng Sem Guan expects MAS to post a core net loss of RM291.7mil for the financial year ending December 2009.
“Based on our estimates, MAS may eventually incur RM1.88bil in realised losses from its hedging position if crude oil price were to move within a small range at the US$70 per barrel level,” he says.
Kenanga Research forecasts MAS to make a net loss of RM2.3bil for the full year, excluding mark-to-market positions.