If you look at the share repurchase scheme, you will realize that Cathay bought back shares worth around 150,000,000 HKD.... and those shares were cancelled. Also, if you look at the depreciation on assets owned, that is 1,551,000,000 HKD. Depreciation is not a cash expense! so our actual cash flow is hugely positive.... maybe Cathay is learning from the US airlines. Post big losses, and then renegotiate with all of your suppliers and employees.... fortunately, we understand what they are doing.
The 60 million was not thrown at the FAA. It was given to the Department of Justice, for wrongdoings of cathay. Of course, that is why we have a risk management department, to take risks that pay off!