Originally Posted by
controlledrest
CX Group reports loss of HK$4.5 billon 1/4 of this calendar year.
https://www.scmp.com/news/hong-kong/...-combined-hk45
At the end of March they reported they had HK$20 billon in liquidity. They then raised another HK$5.5 billon selling some old 777s.
So if we are losing HK1.125 billon per month we have enough liquidity to last 22 months before calling on Swire or Qatar to provide additional liquidity or selling further assets.
As a signifiant proportion of our salaries is only paid if we fly, we have already made big enough concessions, let alone those who have salary reductions of 20% or 50%. Any further requests by the company are unwarranted. There is even less need for long term concessions. And yes, I do know the company will love the opportunity to stick it to use.
2019 annual report- operating expenses 105,000 million HK$. Revenue this year? Not much.