Group: 7 Billion profit
Forecasts are that this will be the last year for a while of massive profits due to oil prices and global downturn etc.
Property up 18% this year, year end est 30-40%
A little unrealistic my friend, maybe 10% by the end of the year but 40% is off the scale.
CX building its own cargo terminal
Cargo has suffered a bit over the last year, the plans for this have been on the go for ages. I think CX should have had this up and built 2 years ago.
Interest rates incredibly low
Quite simply to help ease the threat of a global downturn, UK and the US in a credit crunch, major UK money lender in ruin and another major bank bought out by JP/Chase.
Growth unstoppable : China
This one makes me laugh...Currently China has the world watching regarding Tibet, yes they will shoot themselves in the foot just before the Olympics in their handling of this situation. Also, growth is forecast to slow after the Olympics and after getting some negative press already regarding the air quality, human rights etc things will slow down.
CX and KA salaries "the best gig outside the US"
The gap between CX and all other carriers has been closing over the last few years, more pilots from CX have left for other carriers. US cargo carriers paying more than CX.
All in All, we are working for a stable airline. Maybe time to tighten the belt, just a little.