Air Asia-In the Eye of Confusion and Exasperation

Things don’t seem to go well with Air Asia these days.

First there was the spat with Proton on the use of the Lotus name in racing. 

Then third quarter of this year’s earnings fell 53 per cent to RM152.3 million ringgit due to higher fuel prices and staff costs. 

This was followed by a twitter spat between Tony and the MAB over the cost overrun of the new LCCT complex, closely followed by remonstrations and demonstrations over increased airport tax.

To make matters rise a few octaves higher, Tony said he might be leaving Air Asia soon. This clanger caused a sell-down on Air Asia shares.

Now, it has announced the postponement of  the listing of its Indonesian unit due to global economic woes.

But, hey! What do you know?

Tony has just affirmed that both listing ( as well as in Thailand) are as planned en route to listing as early as first quarter of 2012.

Air Asia shares fell again by another 6 sen to RM3.71.

So what is the real story, Tony?

Too much football and F1s?