PPRuNe Forums - View Single Post - CX profits falls by 82%
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Old 18th Aug 2016, 20:08
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kenfoggo
 
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In my opinion Goathead may have hit the nail on the head. Perhaps many corporate clients have voted with their feet and gone to competitors because what CX offer now is not a premium product or a timetable reliable product? Have they surrendered that lucrative market to the competition having cost cut the product to the bone? There may be some truth in that contention, I don't know . But there certainly seems to be a crisis at CX with the company unable to make a profit which will satisfy the shareholders even with 85 percent load factor , low fuel prices and a hub network through Hong Kong for which other airlines would kill .
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