Cathay Pacific imploding.

[corporal klinger]

I disagree. Cathay will see strong growth and high profits over the next decades. The strategy of cutting costs permanently and recruiting at these new conditions will work, unfortunately.
The reality is that our industry is not at the level it once was, smart people select academic careers, the rest does not expect nor demand A scale. Cadets will be people who choose Cathay over some lower-middle management job with even more miserable pay and conditions. They will additionally increasingly come from low wage countries. China's youth unemployment rate is massive, this surplus will further fuel the supply side, wages will stay low.