Originally Posted by
kahaha
Shares in CX at hk$6.8 at the end of trading today.
The slide continues, yet what is actually being done to stem the losses?
No layoffs, why? BA 12000 jobs
VA has shed 500 pilots . Ryanair 3000 pilots.
These airlines are now recovering.
Will business ever return to pre covid levels?
Not for years . There is growing anti china sentiment amoung the populations of the developed world. Common folk are trying to avoid Chinese produced products. Currently a different task, but the momentum is building .
But cx management think air travel via hk will rebound before the cash and bonuses run out .
Who knows. I’m betting the shares will continue their slide , the airline will have to lay off some of all those folks they kerp at cx city .
I mean , what do they all really do for those 90 min lunch breaks in the cx canteen?
At the moment I reckon (my guess):
1. Looking at which routes will be viable
2. Working out fleet and headcount reductions
3. Spending a lot of time with lawyers to avoid court cases and seeing how much room they have to manoeuvre re contracts, seniority, residency etc.
4. as per 3 but working out how to implement a new contracts
The bailout gives them breathing space that’s all