Air Asia may be the most controversial company listed on Bursa Malaysia. Bulls are excited and bears are expecting bankruptcy due to the virus.
In reality, Air Asia is no longer a pure airline play. They are transportation, logistics, food and beverage, media, and retail business rolled into one.
However, for Air Asia to achieve its ambitious plan, it needs to solve its cash flow woes first as the pandemic situation worsens.
https://klse.i3investor.com/blogs/isquare/2020-08-03-story-h1511501963-AirAsia_Ambition.jsp
In reality, Air Asia is no longer a pure airline play. They are transportation, logistics, food and beverage, media, and retail business rolled into one.
However, for Air Asia to achieve its ambitious plan, it needs to solve its cash flow woes first as the pandemic situation worsens.
