Damned by the Financial Times
Join Date: Jul 2007
Location: I go, therefore I am there!
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Those Rob Fyfe videos should be compulsory viewing for EVERY Cathay employee. ESPECIALLY MANAGEMENT!
When he started, he was known as "Fyfe the Knife", but eventually being customer and employee focused, turned the airline around and was respected but most.
When he started, he was known as "Fyfe the Knife", but eventually being customer and employee focused, turned the airline around and was respected but most.
Join Date: May 2002
Location: Fragrant Harbour
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Let's face it, the only solution to safe CX is to shrink the airline back to a healthy size and focus on our core premium business. Improve the product significantly, increase yield. Of course that means less aircraft are needed, some analysts would say a fleet below 100 aircraft. I think it is prudent for pilots with a seniority number in the bottom 20% to work on plan B, because whats coming in the next 2-3 years is unavoidable.
What about the guy about about to join Dragon, who'll be a Captain in 12 months, a training captain in 18 months and flying former CX wide bodies over current CX routes a few years after that? That's if the group survives intact of course.
I shake my head. That was avoidable!
I shake my head. That was avoidable!
Join Date: Apr 2002
Location: HK
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Yeah, but the merger with KA was a takeover goddammit and no way can we talk to those guys about anything except a staple to the bottom of the CX seniority list because takeover not merger and CX management would never take advantage of that they probably don't even know what a whipsaw is because takeover not merger
Join Date: Oct 2008
Location: N/A
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Join Date: Dec 2010
Location: Here ---> X
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Here's another one
Just in case anyone had doubts as to what the financial community thinks of CX these days...
Just in case anyone had doubts as to what the financial community thinks of CX these days...
Join Date: Aug 2008
Location: Polar Route
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The sad part is that this financial crisis is/was entirely avoidable. Hong Kong is still one of the most profitable airline markets in the world. Just ask any other airline who flies here, which are most of them. So it's not that their wasn't money to be made, but rather that CX is so poorly managed that they have literally screwed themselves out of good fortunes, not that their bonuses would reflect this reality.
