Statistics! Don’t we just love them?
CX has $HK13,180 million liquid funds (Annual report 2002)
CX retained $HK938 million of the shareholders’ final dividend.
CX requested a gift of $HK330 million of employees’ pay (one month)
Total funds = $HK14,448
CX employees contribution = 2.3% of total
Aviation analysts estimated that CX could survive for 500 days on the $HK13 billion figure.
Therefore CX can now survive for 548 days.
For the loss of one months pay the staff have added just 12.5 days.
For the loss of 12 months pay, CX survival days could be increased by 150 days.