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Over 900mil cash balance and 18bil current liabilities as of Jun 2026. Yet, the boss said dont need gomen bailout :) Janji ada gaya probably. 18bil current liabilities due within 12 months - it will collapse without fresh funding.
AA business is damn good. Even oversold some tickets for certain destinations and it needs to buy back tickets from passengers with some offers to them. I am one of them AA offers me to buy back my flight ticket. However AA cannot manage the costing well including fuel hike and leases and etc. AA management needs to focus on savings and cost cutting well while spending money in drastic promotions. Everyone can fly. I hope it can fly through this second and hopefully last difficult time.
gonna be tough as creditors, lessors, financiers etc are unlikely to go through the deep haircut experience again. lets see what are the drastic changes that will be implemented. for now, it will need funding to sail through q4. will it be able to secure the usd1bil international financing and hundreds of mil myr financing?