Jumaat, 23 Disember 2011

Comments for Wee Choo Keong

Comments for Wee Choo Keong


Comment on MAS paid 8 month bonus in 2010 to Firefly staff! by JJ

Posted: 23 Dec 2011 02:32 AM PST

Leo57, I overlooked your comment replying to mine earlier. a lot has been said and in fact, why is it that many are pressuring maseu to protest? Why only maseu? the fact is only maseu can protest and the rest of unions and associations cannot do what maseu can do. sad, isn’t it? Is it because only maseu got balls to declare strike and the rest do not have balls to do so? I wonder why must maseu protest every single changes in mas in the first place. Can anyone elaborate this? Is maseu a very important union and that without maseu, all other unions and associations can continue chanting their steam in this forum until the cow comes home. usually, action speaks louder than words but words are just so cheap because it does not complement with action and that’s what this forum is all about…whacking those who did job and poisoning those who can perform better and smearing other reputations who are important to the organization. For eg. Dr. Wafi is important to MAS because he handles well but here we are, seeing and reading some childish people who have no life but only know how in smearing people’s reputation.

I got the feeling maseu is a union that represents only its member and is not the planner for mas and if that is so, maseu does not have any stands in stopping mas from evolving. however, they could if presented sufficient evidence, call for Danny to resign. Same here, same here, when maseu daringly declared strike and picket, semua kecut and when maseu didn’t act on it on time, semua bising sangat especially those who backbenchers. no balls and yet loudest thunder to frighten, poison others..I truly feel sad for those lifeless malaysians….please find a life and do something without poisoning others without evidence. I had met maseu reps and being updated well of their on-going agendas. without prejudice, i am confident and will not heed those who badmouthed about those who work hard for mas.

Comment on MAS paid 8 month bonus in 2010 to Firefly staff! by MAS on track to ................

Posted: 23 Dec 2011 12:05 AM PST

It seems like the New Golden Strategies or True Collaboration Framework are in motion

Firstly, MAS cut flights, hence cut costs and allow AA revenue to beat MAS revenue.

Then, manage the costs i.e. the ones you are allowed to “touch” like flight allowances,overtime bonus etc. With lesser flights, Seasoned experienced employees with obligations will need to earn allowances elsewhere (maybe new employer). Is this not already happening?

Lastly, fill up seats but AA seats first please. MAS regional suddenly became a super premium airline…. by fare !. Example, KL-Jakarta used to be quite easily available on MAS between RM 411- 600. Now on MAS its nothing less than RM 795 (try it?). This puts this KUL-Jakarta sector by fare preference order, AA/ KLM / LION/ GARUDA/ MAS the premium airline. Even at RM 1 Fare (or use enrich points), you must pay admin fee of RM 359 or grossly more than total fare at AA/ KLM haha. You can compare the other sectors too (but use the non seasonal periods).

…………………BUNGKUS !!

Comment on MAS paid 8 month bonus in 2010 to Firefly staff! by mas man

Posted: 22 Dec 2011 11:38 PM PST

AJ has has acquired new skill to spin from his pariah mentor.

Comment on MAS paid 8 month bonus in 2010 to Firefly staff! by Olek Skilgannon

Posted: 22 Dec 2011 08:29 PM PST

We now come to the role of Malaysia Airports Holdings Bhd (MAHB) in this saga.

As per CAPA, MAHB currently manages and operates 39 airports in Malaysia; 5 international, 16 domestic and 18 short take-off and landing. These 39 airports include KL International Airport (KLIA).

CAPA’s rankings of the world’s top 30 airports (by passenger numbers) in 2010, based on statistics provided by Airports Council International (ACI) show:

11. Hong Kong (Hong Kong International Airport)
16. Jakarta (Soekarno-Hatta International Airport)
17. Bangkok (Suvarnabhumi International Airport)
18. Singapore (Changi International Airport)

On the face of it, therefore, it doesn’t look as if MAHB is doing that great a job with KLIA, given that both Hong Kong and Singapore have smaller populations than Malaysia.

Could it be due to the fact that both Hong Kong and Singapore are regional hubs for banks, Asian and European companies and multi-national corporations, which generate substantial numbers of business travellers, as well as premier tourism and MICE (meetings, incentive travel, conferences and exhibtions) destinations in Asia?

If that’s the case, why aren’t you asking hard questions of the Malaysian government for not providing the environment, infrastructure and incentives to position Malaysia (especially KL) as a business hub alongside Hong Kong and Singapore?

It is well-known that the business and expatriate communities in both Hong Kong and Singapore provide the bulk of premium passengers for Cathay Pacific and SIA respectively, so much so that premium revenues account for about 50 per cent of these airlines’ revenues?

So, in this respect, was MAS dealt a lousy hand by the Malaysian government, especially as increased numbers of flights between Malaysian cities and Singapore/Changi have “leaked” passenger numbers to that airport?

And, that in turn, comes back to a question I raised in an earlier post: does Malaysia have a national aviation policy?

Back to MAHB. It’s 6-months financial results for the current financial year, as taken from it’s website, show the following:

Revenue RM1.264 billion
Profit before tax RM267.1 million
Net earnings RM170.1 million
PBT margin 21.1%
Gearing 78.9%

Passenger movements 6M11 at KLIA:
International 12.9 million
Domestic 5.5 million
Total: 18.4 million

Compare this (apples to oranges, anyone?) with Singapore’s Changi Airport Group (CAG) which manages Changi Airport. As per it’s website, Changi had 38.1 million passengers for the period January-October 2011.

And as the blurb says: Changi hosts 100 airlines that fly to 200 cities in 60 countries and territories. Score one for Changi’s connectivity.

More to the point, CAG, for it’s financial year 10/11 (1 April 2010 – 31 March 2011), reported a net profit after tax of S$337 million on revenues of S$1.454 billion.

MAHB, which has 39 airports in Malaysia in it’s stable. managed to chalk up 6-months revenues of RM1.264 billion and net earnings of RM170.1 million. Assuming the contnuation of the trend into the second half of the financial year. MAHB should be generating a full year revenue of about RM2.5-2.8 billion and net earnings of about RM340-380 million.

Is this a good performance from a stable of 39 airports?

Would MAHB be prepared to break out the financials of the 5 international airports in Malaysia (including KLIA) and report them separately and individually so that shareholders, analysts and potential investors can see the real performance for themselves?

And would MAHB be prepared to name the airports in Malaysia which are not paying their way, i.e. incurring losses?

Which in turn begs the question – why keep them afloat on life support?

Comment on MAS paid 8 month bonus in 2010 to Firefly staff! by Olek Skilgannon

Posted: 22 Dec 2011 07:48 PM PST

Mr Wee Choo Keong

It’s a pity that you seem to have chosen to avoid acknowledging the realities of the global aviation industry, including the relentless cost pressures and the subsequent impact on profit margins. Googling the recent statements by Tony Tyler, the boss of IATA, would be an easy way to verify this. Why have you not bothered to do so?

In deciding (at least that’s my impression) to cast AirAsia and Tony Fernandes as the villains in the saga of how Malaysia Airlines was driven into a loss-making situation is another example of what I would call bias, or, at the very least, uninformed comment (aka “shooting from the hip” or, as our Aussie friends would say “cutting down the tall poppies to size”).

I draw your attention to CAPA Centre for Aviation, a Sydney-based organisation that recognised for it’s analyses of the global aviation industry. CAPA recently published an analysis of MAS’s new business plan under the title “Malaysia Airlines new business plan targets premium sector, following strategies of Cathay and SIA”. The analysis can be perused on CAPA’s website (www.centreforaviation.com/analysis).

I have extracted some relevant points from the CAPA analysis:

1. MAS, SIA and Cathay Pacific number of airline employees per aircraft seat:
MAS 0.77
SIA 0.50
Cathay 0.43

2. Unit revenue (Malaysian cents per available seat kilometre ASK) for leading Asian full-service carriers: YTD 2011:
MAS 20.0
Thai Airways 26.1
Emirates 29.4
SIA 31.8
Cathay 32.3

3. RASK (revenue per available seat kilometre) and CASK (cost per available seat kilometre) in Malaysian cents:
MAS: RASK 20.0 CASK 25.6
Thai RASK 26.1 CASK 25.0
Emirates RASK 29.4 CASK 28.5
SIA RASK 31.8 CASK 29.5
Cathay RASK 32.3 CASK 30.5
and for comparison
AirAsia RASK 13.3 CASK 10.4

Based on the above figures, here are some questions for the MAS employees unions and MAS management:

1. why has MAS more airline employees per aircraft seat than SIA or Cathay Pacific?
2. why has MAS the lowest unit revenue per ASK, when compared with other Asian full-service carriers?
3. why is MAS’s costs (CASK) more than it’s revenues (RASK), when the other Asian full-service carriers are making more than enough revenues to cover their costs?

Those are simple enough questions, are they not?

It all comes down to the numbers – which is something that the MAS unions and management have apparently ignored (wilfully or otherwise) or lost control of.

Comment on MAS paid 8 month bonus in 2010 to Firefly staff! by ISA of MAS

Posted: 22 Dec 2011 07:58 AM PST

Thanks to all these crooks, MAS is doomed.

http://www.mole.my/content/mas-doomed

Comment on MAS paid US$3.35 million under anti-trust law in US by Queen

Posted: 22 Dec 2011 07:56 AM PST

The RM49million paid by MAS includes the case caused by Tajuddin Ramli and the german agents ACL. MAS was sued for Euro 62 million and lost but the payout was brought down to Euro 6.85m. If you add the antitrust and ACL case it roughly amounts to RM 45million (USD3.35m and Euro 7m). Mind you, both cases arose during tajuddin Ramli’s time in 1999 and Wafi entered MAS only in 2003.

See: http://www.theedgemalaysia.com/media-a-advertising/15412-mas-ordered-to-pay-658m-euros-to-germanys-advanced-cargo-logistic.html

Telekom/Celcom lost USD230 million in an arbitration caused by TR when he controlled Celcom.

See: http://www.wikinvest.com/stock/Deutsche_Telekom_AG_(DT)/Deutsche_Telekom_Prevails_Arbitration_Proceedings_Against_Celcom

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