Originally Posted by
Numero Crunchero
Anxio, I remember reading that article and thinking it was like reading the financial version of the national enquirer. A load of sensationalist BS
If my memory is correct it was talking about an interest bill of $2billion HKD in 2025 or 2026 - we made 1.5-2Billion in the 2nd half of last year with less than half our aircraft flying and in the middle of a pandemic. We lost 32 Billion in fuel speculation over 4 years - so yeah, I think we can manage to make the interest payments on less than 30billion in loans at an interest rate that gradually catches up to around 5-6 %
CX aint going broke any time soon. Not this year anyway - if things stay locked down like they are on 10th of Feb for the rest of this year - we will still have probably half of that money left undrawn.
More like 9% interest by 2026. Here’s the Bloomberg article again. Tax payers money used or not, fact is that any loan must be paid back, capital + compounded interest.
https://www.bloombergquint.com/gadfl...ntine-measures