Be wary using the expression "we've budgeted for a hull loss" without due regard. Being prepared for any foreseeable eventuality, despite every reasonable effort to prevent it, is only prudent.
If you can get a Swire manager to respond to a question such as:
"What will happen if the undeniable reduction in the levels of experience and expertise on Cathay flight decks that your flight crew personnel policies are bringing about results in a hull loss?" with an answer like "we've budgeted for a hull loss" then you have a story.