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CX losses narrowing

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CX losses narrowing

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Old 10th Aug 2022, 11:33
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CX losses narrowing

The headline places gloss on a turd, but how long can they sustain the massive losses?

This airline will never return a profit as it will need to repay it’s lenders.

Selling the farm to keep the sheep is not sustainable, when is the reality going to be faced….

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Old 10th Aug 2022, 14:10
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They need to return to A++ scale immediately, but only for the older man , magenta crowd can’t do nothing correct !
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Old 10th Aug 2022, 14:55
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Yes, those young whippersnappers don’t know what real flying is!

let them pay their dues
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Old 11th Aug 2022, 00:52
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Who cares? It is all smoke and mirrors with transfer pricing between the companies. Regardless of figures you will never get a profit share or 13th month.
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Old 14th Aug 2022, 10:26
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Originally Posted by pfvspnf
They need to return to A++ scale immediately, but only for the older man , magenta crowd can’t do nothing correct !
And only for those literate enough to use proper grammar!
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Old 15th Aug 2022, 02:20
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Hong Kong and international financial media is reporting that the airline made an operating profit for July.
Not unexpected and it seems that the imminent end, predicted by some is rather far from nigh........
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Old 15th Aug 2022, 07:24
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Originally Posted by veryoldchinahand
Hong Kong and international financial media is reporting that the airline made an operating profit for July.
Not unexpected and it seems that the imminent end, predicted by some is rather far from nigh........
April 1st was a few months ago.....
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Old 15th Aug 2022, 09:22
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Chinaoldhand is of course right, Cathay will survive this. Forget debt schedules or budget plans. Cathay is too big to fail for the Hong Kong government, and that is that.

The problem is that you guys constantly mix-up realism with affection or approval.

Whether it is worthwhile for the individual to hold on and to wait for better times or to quit now is an entire different matter.

Last edited by Sam Ting Wong; 15th Aug 2022 at 09:33.
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Old 15th Aug 2022, 10:13
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Oli
Did your post actually contribute anything meaningful to this thread ?
If you were 13 years old then posting this sort of rubbish is forgivable but I suspect that from your handle you are an adult thus the only conclusion to be drawn is that that you should not be left in charge of a bicycle let alone an aircraft.
As presumably you can read perhaps try looking at the financial media from time to time.
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Old 15th Aug 2022, 23:02
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Originally Posted by Sam Ting Wong
Chinaoldhand is of course right, Cathay will survive this. Forget debt schedules or budget plans. Cathay is too big to fail for the Hong Kong government, and that is that.
Your are correct in your assessment that it will be a government decision on whether or not CX survives. It's just that it won't be the Hong Kong government that will be the one making that decision.
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Old 16th Aug 2022, 09:48
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I agree with you that of course the real power lays now up north. I would argue though that neither is Cathay relevant enough nor that it would be in the interest of Beijing to intervene in local business affairs.
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Old 16th Aug 2022, 10:20
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Originally Posted by Sam Ting Wong
I agree with you that of course the real power lays now up north. I would argue though that neither is Cathay relevant enough nor that it would be in the interest of Beijing to intervene in local business affairs.
Jimmy Lai, and the first CX slap down wasn’t a message loud enough for you??

The country still works under the communist ideology with a few capital freedoms. Even Jack has been reigned in, and he’s a patriot.
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Old 16th Aug 2022, 11:50
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Not sure how to say it more pronounced as I just did: the real power over HK lays of course in the north now.

Of course there is a long list of companies and individuals that got into the crossfire, in China as well as in Hong Kong. However, there is no sign nor reason I can think of that Beijing would be motivated to intervene regarding state support for a struggling local airline clearly caused by Covid restrictions.

Your reference to Jimmy Lai makes no sense to me, this was clearly about silencing a oppositional voice and his associated media enterprises. I see no association to Cathay whatsoever.
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Old 17th Aug 2022, 12:56
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Agree with STW and VOCH. CX will not go under.

Yeah the power lies up north, but would Beijing have allowed the HK Gov to bail out CX if its actual agenda was for it to fade away? No. CX was already in Beijing's bad books before covid hit, and it STILL got the bailout. The HK Gov also made it very clear how important CX is to the city. Then there were those who actually thought that the border was deliberately being kept closed so that CX can fail and make way for GBA - what an idiotic view. They have much, MUCH bigger fish to fry than a tiny airline in HK.

So yeah. The service and conditions at CX will probably keep sliding, but closing down? Nah...
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Old 17th Aug 2022, 17:48
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Don't forget that a large percentage of CX is already owned by the Chinese Government. Why would they act against their own interests?
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Old 18th Aug 2022, 03:58
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B,

“So yeah. The service and conditions at CX will probably keep sliding” - ok. And you’re still slaved to them in HK?

i dont have a crystal ball, but nothing indicates that those who submit, cull their existence - for the company, will eventually be rewarded with 72 indo/pinay virgins at Taboo. Or any extra money.

nope
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Old 8th Sep 2022, 23:56
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Originally Posted by veryoldchinahand
Hong Kong and international financial media is reporting that the airline made an operating profit for July.
Not unexpected and it seems that the imminent end, predicted by some is rather far from nigh........
Seems like CX is heading to the markets now for more debt, $2.5B USD MTN as they know that loan on offer is going to hurt.

I wonder what the appetite for risk will be on a CX MTN, one thing is for sure it's another liability on the balance sheet.

Last edited by KABOY; 9th Sep 2022 at 13:25.
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Old 9th Sep 2022, 02:01
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Are we to understand from your post KABOY that you are posting as a concerned investor in the airlines shares?
I somehow rather doubt that you are as it appears from that you have written here that your grasp on the subject is somewhat tenuous.

Perhaps best not pursue a career as a financial advisor but a look at the FT from time to time could perhaps assist.

From the FT - August 22
"HSBC has forecast a HK$4bn profit for the airline for the second half of 2022. Investors have also remained optimistic.
Cathay shares have outperformed regional rivals, rising 34 per cent over the past year. Singapore Airlines shares are up 6 per cent over the same period"
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Old 9th Sep 2022, 06:53
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Originally Posted by veryoldchinahand
Are we to understand from your post KABOY that you are posting as a concerned investor in the airlines shares?
I somehow rather doubt that you are as it appears from that you have written here that your grasp on the subject is somewhat tenuous.

Perhaps best not pursue a career as a financial advisor but a look at the FT from time to time could perhaps assist.

From the FT - August 22
"HSBC has forecast a HK$4bn profit for the airline for the second half of 2022. Investors have also remained optimistic.
Cathay shares have outperformed regional rivals, rising 34 per cent over the past year. Singapore Airlines shares are up 6 per cent over the same period"
I don't think you understand what I am talking about. Forecast profit and share price has very little to do with taking on more debt, which has wider implications. Stick to your FT, tell me when you hear about the MTN, these things tend to run a little deeper than a UK tabloid.
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Old 9th Sep 2022, 07:02
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CX Share price 9 Sep 2021 $6.74
CX Share price 9 Sep 2022 $8.39 (10 min ago)
Return is +24%...... NOT 34%

5 yr return -18%
20+ yr return - 29%

Don't you just love numbers old China man - they can tell any story you want them to tell.
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