[with updates, after the story below]
AirAsia slips on oily patch. Just a day after Tony Fernandes said (in NST's Outlook 2008 interview) that "the main challenges for (AirAsia) would be airports, not fuel", a major investment analyst released its Jan 9 report (excerpt below) warning investors of a RM100 million annual loss that AirAsia could be staring at as a result of its fuel hedging policy, which some concerned parties considered "excessively speculative".
p.s. Private talk. There's also speculation that Tony is taking AirAsia private. So soon after it was listed on the Bursa, and after all the excitement it has brought to the Malaysian aviation scene? That's what I thought, too.
UPDATES 14/1/08, after lunch:
1. Visit Ganesh,t he blogger Down Under, for "Tony Fernandes and AirAsia's nightmare".
2. This week's The Edge goes to town with the story, here.