Originally Posted by
Trafalgar
No. What you said was "CX and Dragon don't have boatloads of cash". Incorrect. They have mountains of cash....but again, just not for you (or me).
Really, you must be a financial genius, because the balance sheet shows a highly leveraged airline. If you read some of the analyst research reports of CX they show a very different picture then you suggest. Cash flow will be a problem in the future as you can't bleed billions of dollars in cash without consequences. My guess is that CX will need a capital injection in the not so far future if things don't change.
Some of the US airlines went down this path in the past, but had chapter 11 proceedings to wipe their balance sheet clean. Not sure if that possibility exists in Hong Kong.