Some reasonable points above but the big white elephant in the room is HK itself and the ChiComm influence. This was changing before COVId and now appears to be more of a factor. HK isn't as attractive for aviation as it once was and that's only changing for the worse, not better. Now, more than ever, it's necessary to take the political and social issues into consideration when predicting the future of CX. That's changed from any other period in past downturns/recoveries.