PPRuNe Forums - View Single Post - Cathay Pacific imploding.
View Single Post
Old 5th June 2024 | 07:11
  #286 (permalink)  
corporal klinger
20 Anniversary
 
Joined: Apr 2004
Posts: 149
Likes: 11
From: havetocallthereception
The main point is that the recovery is going well and calls of the demise of our loved employer had been slightly exaggerated. The usual suspects were wrong (again) and the wise and cool-headed among us foresaw that correctly a long time ago (you are welcome ;-).

On top of that, Chinese mainland airlines are not at pre-Covid levels either yet, and 3 out of the 4 big players operate at a loss. Also I would be highly sceptical about the profit potential of tourism pax to second and third tier mainland cities, this is no doubt a low yield and extremely price sensitive segment.

Last edited by corporal klinger; 5th June 2024 at 09:19.
corporal klinger is offline  
Reply