$60 Million USD !! Blunder
Joined: Jun 2006
Posts: 57
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From: UAE
USD 60 million
Recent change in policy in flying planes slower at cathay saves roughly 700kg of fuel per flight averaged across all fleets and flights. If cathay had 200 flights a day saving an average of 700kg of fuel per flight, over the course of a year, for jet fuel averaging 4USD / gallon, it will save USD60 million.
Cathay gets fined USD60 million for behaving like a monopolist.
These two pieces of news came out within a month of each other.
Coincidence?
Cathay gets fined USD60 million for behaving like a monopolist.
These two pieces of news came out within a month of each other.
Coincidence?
Joined: Jun 2007
Posts: 170
Likes: 0
From: Hong Kong
Cant wait for management explaining why the workers are not going to get their 13th month!!!
"Apparantly we umm have to ummm due to an apparant umm oversight in the umm law, which we umm always fully intend to umm comply with here in Hong Kong (under normal circumstances), we unfortunately umm conflicted with umm basic common law practices overseas, which of course we had no knowledge of (we thought price fixing was ok), US regulators have forced us to ummm cancel your "discretionary" 13th month bonus this year, we want to pay you all for your hard work but ummmm they wont let us!!(management bonuses remain unaffected)"
"Apparantly we umm have to ummm due to an apparant umm oversight in the umm law, which we umm always fully intend to umm comply with here in Hong Kong (under normal circumstances), we unfortunately umm conflicted with umm basic common law practices overseas, which of course we had no knowledge of (we thought price fixing was ok), US regulators have forced us to ummm cancel your "discretionary" 13th month bonus this year, we want to pay you all for your hard work but ummmm they wont let us!!(management bonuses remain unaffected)"
Joined: Jan 2008
Posts: 30
Likes: 0
From: UAE
Only US$60million?
Heard from a KAL guy stopping over in the sandpit........Korean Air was fined US$300million and all was quiet over that front. Maybe the Koreans have greater loss tolerance, losing lives and shiny jets in crashes seem like small deal so what's US$300m?
Joined: Aug 2007
Posts: 163
Likes: 0
From: Hong Kong
13th Month
Fenwicks girl. Before a round of expectation management begins, 13th month is sacrosanct to CX employees - especially ground staff and cabin crew. CX know that there would be a huge backlash if 13th month is not paid out unless there are exceptional circumstances (eg SARS). Despite the primary issue of fuel prices, loads continue to be solid and the airline, thankfully, is in good shape to weather the storm.
Joined: May 2004
Posts: 1,040
Likes: 2
From: 3.5 from TD
Round of bonuses for all the management. I'm sure they consider 60 mil a small price to pay for doing business they way that they did.
I would like to see how much money they made from this whole fiasco. Tally up how many tons where sold and at what price above which they should have been sold, and 60 mil is just pennies on the dollar.
I would like to see how much money they made from this whole fiasco. Tally up how many tons where sold and at what price above which they should have been sold, and 60 mil is just pennies on the dollar.
Joined: Jul 2007
Posts: 57
Likes: 0
From: Tanah Melayu
Yesterday, 09:13 #26 (permalink) MasMamak
Join Date: Jan 2008
Location: UAE
Age: 39
Posts: 15
Only US$60million?
Heard from a KAL guy stopping over in the sandpit........Korean Air was fined US$300million and all was quiet over that front. Maybe the Koreans have greater loss tolerance, losing lives and shiny jets in crashes seem like small deal so what's US$300m?
Join Date: Jan 2008
Location: UAE
Age: 39
Posts: 15
Only US$60million?
Heard from a KAL guy stopping over in the sandpit........Korean Air was fined US$300million and all was quiet over that front. Maybe the Koreans have greater loss tolerance, losing lives and shiny jets in crashes seem like small deal so what's US$300m?
Joined: Jan 2006
Posts: 601
Likes: 0
From: England
Bloomberg.com: Europe
Does Hong Kong have an extradition facility with the USA? The UK does, and has allowed nationals to be taken to court for this sort of thing in the USA....... suppose taking little Tarquin and Jocasta skiing in Aspen may well be out this year
Does Hong Kong have an extradition facility with the USA? The UK does, and has allowed nationals to be taken to court for this sort of thing in the USA....... suppose taking little Tarquin and Jocasta skiing in Aspen may well be out this year
Joined: Jan 2006
Posts: 601
Likes: 0
From: England
Joined: Dec 2001
Posts: 217
Likes: 0
From: Uptown
And this is what they do to recover the losses
What does it mean by 'politely decline'? Could we or could not we?
Travel Alert - Acceptance of amenity kits in First and Business classes from August 1st 2008 (10 Jul 2008)
The additional burden placed on the Company by the fuel crisis is requiring all departments to review where more effective cost management can be achieved.
In staff travel, one area which has been identified is that of amenity kits and pyjamas currently offered in our First and Business class cabins.
These items are costly to produce and distribute and we know that many travellers retain items from kits acquired on previous travels. We are therefore asking our staff, retirees and their nominees to assist us in cost control measures by either re-cycling the items you already have or simply not accepting the kits from the above date.
We carry spare toothbrushes, eye masks etc onboard and the cabin crew will be happy, on a request basis, to provide these to you. In addition to being a useful cost management element, if adopted widely a reduction in the numbers of kits used will also have an environmental impact.
So that there will be no distinction between our ID passengers and full fare customers, the cabin crew will continue to offer the amenities to each passenger seated in First or Business classes. However, from August 1st and until further notice we ask that our staff, retirees and their nominees - whether on Duty or Leisure - to politely decline the offer of the kits and pyjamas as appropriate.
We appreciate your assistance with this initiative and would ask you to ensure that your travel nominees are also aware of the new arrangements.
Bob XXX
PM O & ES
10 July 2008
The additional burden placed on the Company by the fuel crisis is requiring all departments to review where more effective cost management can be achieved.
In staff travel, one area which has been identified is that of amenity kits and pyjamas currently offered in our First and Business class cabins.
These items are costly to produce and distribute and we know that many travellers retain items from kits acquired on previous travels. We are therefore asking our staff, retirees and their nominees to assist us in cost control measures by either re-cycling the items you already have or simply not accepting the kits from the above date.
We carry spare toothbrushes, eye masks etc onboard and the cabin crew will be happy, on a request basis, to provide these to you. In addition to being a useful cost management element, if adopted widely a reduction in the numbers of kits used will also have an environmental impact.
So that there will be no distinction between our ID passengers and full fare customers, the cabin crew will continue to offer the amenities to each passenger seated in First or Business classes. However, from August 1st and until further notice we ask that our staff, retirees and their nominees - whether on Duty or Leisure - to politely decline the offer of the kits and pyjamas as appropriate.
We appreciate your assistance with this initiative and would ask you to ensure that your travel nominees are also aware of the new arrangements.
Bob XXX
PM O & ES
10 July 2008
Joined: Mar 2006
Posts: 189
Likes: 0
From: Bob Tandy's place boozing with Darryl Hill
Followed by please politly decline a meal.
If my colonial masters set the example (that means no Champagne, Balik Salmon and Whisky for our prince as he stretches out in first on his way back from shamford in his first class sleeper suit) I too shall then "tow the line".
Further more, its a principle at stake, since I have not been thanked for the countless hundreds of kgs of fuel I have saved for you by pestering ATC for directs and going above and beyond being professional, untill I receive notification that the $10 for said amenity kits has been deducted from my exorbatant FOC ticket - I SHALL BE POLITLY REQUESTING one, even if it is for my Amah.
Good night
AFL
If my colonial masters set the example (that means no Champagne, Balik Salmon and Whisky for our prince as he stretches out in first on his way back from shamford in his first class sleeper suit) I too shall then "tow the line".
Further more, its a principle at stake, since I have not been thanked for the countless hundreds of kgs of fuel I have saved for you by pestering ATC for directs and going above and beyond being professional, untill I receive notification that the $10 for said amenity kits has been deducted from my exorbatant FOC ticket - I SHALL BE POLITLY REQUESTING one, even if it is for my Amah.
Good night
AFL
Joined: Jun 2006
Posts: 57
Likes: 0
From: UAE
How many amenity kits will it take to pay off the USD$ 60,000,000?
Please post your estimates everyone!
I'm sure the public already knows by word of mouth that cathay is telling staff to decline the amenity kits and so when a full fare pax flies next to someone who says no "POLITELY" to an amenity kit, it's gonna be bloody obvious.
I'm sure the public already knows by word of mouth that cathay is telling staff to decline the amenity kits and so when a full fare pax flies next to someone who says no "POLITELY" to an amenity kit, it's gonna be bloody obvious.
