Originally Posted by
Progress Wanchai
Except your competition didn’t waste money on buying fire insurance so can offer the same product at a price below your break even point.
100% correct. This is why CX is moaning and groaning about all the competition. They have a competitive edge, meaning they can sell a ticket for less and still make money.
Therefore, CX must lower its costs in other places, ie labor. So yes, you and I are, in effect, being asked to pay for their disastrous hedging, except CX wants the cuts on pilots to be permanent, not expire in 2019.
Just wow! In this pilot market, I’m not sure how that will ever fly, unless we are the stupidest pilot group ever.