Well try this on for size: CX are paying the HK Gov $1.52 Billion dollars as a special dividend for their support during the pandemic. CX also announced they have no need for the $7.5 billion loan from the govt and the draw down date expires this week. So where did the 1.52 billion come from:
Compare a 2019 annual tax return statement to a 2022/23 one. Captains earn around $700k less than 2019.
FO earn around $400k less
SO earn around $200k less.
800 captains + 1000FO + 600SO = $1.1 billion dollars in wage savings alone. Don't forget the other costs they've cut.
How do you like them apples?