Interestingly in Swire Pacific - The aviation division made a profit of 10 Million. Think carefully about the increased costs in the CX report e.g. increased maintenance costs etc.
Good point indeed! I would be very interested to see how much other clients (ie non-Swire airlines) pay for Swire products & services at Swire companies, including, but not limited to, HAECO, CPCLS, HATS, HAESL, the Xiamen engineering joint venture whose name I can't remember, etc etc
I'd bet my provident fund that CX, and probably KA, pay significantly more to these companies than they need to, thus simply moving the cash & profits to other Swire companies, where the profit can be skimmed off out of the spotlight with much less fuss.