Unfortunately the question has to be asked, is there enough money left in the jar to turn it around?
Considering managements uncontrollable urge to waist money on fighting with staff, paying ridiculous fines for freight cartels, exorbitant remuneration for executive management and former execs, poor aircraft choices and lack of destinations, obsession of setting up other entities, the deck chair shuffling of funds to other businesses in the group, lost revenue due to natural disasters (not managements fault but maybe Karma for their greed!).
Also the competence of the competitors and their management, not just their efficiencies (costs), but for providing a quality product and providing the customer the choice of more than just minimal destinations.
Hopefully there will be something left.
Maybe a private equity buyout may save us!
The share price is now getting nice and low and is beginning to look affordable for a Singapore consortium, taking into consideration the exchange rate.
