Originally Posted by
Sam Ting Wong
In defence of our employer I would argue that it is a global crisis, cx is bleeding money and no end in sight. What would you do if it was your company? At the end of the day it was the virus that got us, not some evil management.
With the cash reserves on hand, the sale of some aircraft and the 39 BILLION dollars from the HKG government there was no need to do anything at all. When the CEO talks about burning 2 billion a month it isn't clear if this is expenditure or losses. Worse case CX can last a couple of years no change to conditions. They used wuhan to completely screw the employees over. Most (all) of us would have accepted a temporary reduction in conditions, the management have decided to go scorched earth. The wuhan virus will pass before the cash is gone (even without POS18) and the sackings to come. With the exponential grow in infections and the arrival of a vaccine we will soon be dead, recovered or vaccinated.
CX is just another LCC. When there is a recovery those who can will leave. Those that are left will either be inexperienced or incompetent. Thats when CX will start crashing airframes. After al,l we will be no different to the other Asian LCCs.