If it wasn't for the Western pilots @ HKA, then it's very likely there would have been a crash. Fortunatly, as they carry very few passengers, chances are fatalites would be minimal.
As another group of western pilots are preparing to leave, I think we may get to witness this sooner rather than later.
With regard to CX/KA going down, that is simply laughable. We get weekly communication as to load factor/ revenue, and I am happy to say we seem to make a lot of money.
HKA / Hainan was losing 10's of millions a month when I was there (and that was when oil was $90 a barrel, I can't imagine the loss now) (coupled with the fact that they keep paying for courses our Singhasnake friends keep failing).