With regard to the idea of recovery, I think the question that you’re all asking is, ‘will our incumbent Cathay managers ever make big bonuses again’? 🤔
I’d say that if international travel ever returns to anywhere near pre-Covid/Riots/Security Law/Mass Emigration/Asteroid Strike levels, then yes; the here today gone tomorrow, take your big bonus a waltz off over the horizon incumbents, can look forward to a very handsome recovery.
As for the many, many thousands of people they manage? Not so much.