Ever wondered why Ivan the Invisible seems to grin for no apparent reason?
I guess you would grin like a winking chimp when your 2015 Cathay earnings go from $HK7.243 to HK$ 10,096,000 (up 34%) and then Swire Pacific chuck in another HK$1,345,000 as a “thank you” for managing their business so well.
Still, “Cocacola John” leads from the front with his 2015 Swire Pacific earnings creeping up a modest 84% from $15,181,000 to $27,929,000.
So “team”….
Best you pay those Fuel Surcharges on tickets when the price of oil is at historic lows…
Best you tighten your belts when our core operating profit has never been higher….
And if you are a shareholder (other than Swire and Air China) best you accept that your investment is valued at a 5 year low despite major Share Indices being at near record highs and Capital and Fuel is cheap and we have never had more aircraft or customers than the previous 18 months.
Just remember, it’s not management’s fault, it's the economy stoopid.
Same Team: same dream.
People: they make an airline.
Life well travelled (on a management bonus
)
Cnuts…..