Originally Posted by
Progress Wanchai
Cathay is the same as every other publicly listed company. They report regularly to their owners, which includes me and millions of other share holders. This includes daily passengers carried and load factors from which seating capacity can be calculated and compared to the 2019 figures, also publicly available.
This week their seating capacity varied between 16 and 20% of 2019 levels. Essentially it will require a doubling of passenger flying in the next 5 weeks to meet their one third target. They won’t get close. That’s with current crew numbers. What’s not publicly available is a seniority list that continues to require less ink each month despite weekly communication updates naming fresh recruits.
CX only cares about one minor shareholder, and that’s Swire. What Swire wants CX will do, the other minor shareholders and it’s not always in the best interest of the company.
When it comes to the AGM and the election of Directors, it’s all Swire swine that’s only available for election and their loyalty will always be Swire.