The value of every company is based largely on its assets. Assets which make profit, for the owners who own stock in that company. Less of those assets or worse shape of those assets result in less profit. The value of the company is what drives the stock price. The shareholders take direct benefit from that above all others, including the employees, which can be labeled as "cost units" or "profit units" depending on the competence of management.
Unhappy, un-taken care of, demoralized, angry, stressed, bankrupt pilots in this case are much less efficient and much less reliable or caring as before. Even that delapitated , demoralized, inefficient work force is declining at an uncomfortable rate without any success of replacing them despite having announced and started a big recruitment drive almost a year ago.
Without this asset which has to be there to operate the other very expensive assets (fleet of aircraft) that asset set also languishes in utter inefficiency. All other assets will be in the same boat, they are as we speak.
Tell me how happy the "shareholders" of this pennystock taco stand are when one of the assets which is impossible to operate the airline without (it's most expensive to attract, train & replace people) are in such terrible shape and such out of control dwindling numbers?
Sure ots all about the owners, called sharehilders. But the stock price is all about the company's value. Value is all about the assets which are necessary to produce profit. In case of an airline, to fly airplanes, enough to be able to maintain market share and perhaps expand market share where profit making opportunities are recognized.
As with any business... fukk your people and you've fukked your profit (shareholders).
Cathay's plan was to be back at 60% operation by September, then 50% by December. Both shut down by manpower planning due to not enough pilots. Can't retrain fast enough to replace pilots on flying fleets fron the non-flying fleet either. As soon as they become current, they leave for another job.
How are you doing shareholders? Enjoying the ride downhill? Enjoy it while it lasts...