What's Missing
"Losses have mounted due to cheaper airfares and a slump in the number of passengers travelling in business class."
What? Even the SCMP tows the CX BS (don't talk about the war) line !!
What about the BILLION's US$ in hedging losses, what about the 100's of MILLIONS US in fines for fines for price fixing/collusion etc. ?? The list goes on Ad nauseam !!
Head in the sand (deep)