Originally Posted by
Sam Ting Wong
Your statements about expansion are completely wrong.The opposite is true. Growth rates at HKIA are almost triple digits, CX just announced record profits and has 70+ aircraft on order.
Let's not let the truth get in front of good story. CX early retired 34 aircraft in 2021 so by the time the 70th order arrives there will be another 30+ retirements due to favorable tax concessions CX receives from the IRD. The current 777-300 fleet is over 20 years old with the 330 fleet approaching 16.
'HKIA hitting triple digit growth' lets look at this a little deeper. HK quarantine was scrapped at the end of 2022, the triple digit growth was compared to that year. Not very impressive when the movement rate was 138,700 in 2022 compared to 419,795 in 2019.
Anyway, seems like costs are nicely under control with executive directors taking an average 30%+ pay rise from the previous year. Cathay Pacific, an airline that lets it executive lead by example. Now how much was your pay rise his year? That right it was a bonus.