Now come on children, stop playing " Local-Expats" games. You are both professionals in a hurting industry. Times for airlines are indeed bad. You may want to emphatise with each other instead, of the usual pilot style bitching.
The expats will always be there, and the locals will never be on equal terms.
The truth is that SIA-Temasek have made billions of dollars with all your hard work over many years. Even to the extent that they have managed to brainwash everyone of you that a profit of less than 1 billion is, in fact, a loss.
Where have all the assets gone ? A lot of it is still there. Will they give it to you and your families ? Not bloody likely. The scenario is called collective pain.
Nobody to stand up to them this time. So they will wean away at you till someone squeals. Then they will chop him, call time-out and throw a few scraps for the rest, and do some spring cleaning in time for the next CA.
Nothing has changed, or will, so get along.