PPRuNe Forums - View Single Post - CX profits falls by 82%
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Old 24th Aug 2016, 13:16
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Progress Wanchai
 
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Only QF's best financial result in 96 years leading to the company paying an unprecedented "Record Result Bonus" to its staff.

But anyone just reading the bottom line doesn't understand aviation. "Difficult headwinds" in the northern hemisphere result in smooth tailwinds down under due to coriolis effect.
(Oh, and maybe taking a fuel hedging option that they could pay out of if prices moved against their position helped. Of course, that admits making an error. Never an option in an Asian company)

When a basket case of a company like qantas make you look like a laughing stock, then I'm guessing that's what you are. Lucky CX spent millions in the courts fighting qantas/jetstar obtaining a Hong Kong AOC allowing Hong Kong travellers to enjoy the full benefits of extremely low fuel prices.

Last edited by Progress Wanchai; 24th Aug 2016 at 13:32.
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