2023 SQ Profit Sharing Bonus 6.65 months
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I do wonder what Cathay management is thinking when Emirates and Singapore announce record profits while CX is missing out on so many revenue opportunities because of their short sighted opportunism.
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The Hong Kong government had much longer and stricter Covid restrictions compared to the Emirates and Singapore. Cathay wasn't allowed to restart their business earlier. Since it was also unknown at what time they could restart it was not possible to hit the ground running either, keeping personel and aurcraft on standby would have been a financial desaster. Additionally, it is not possible to restart canceled routes immediately.
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Precisely.
The very reason EK/SQ are making record profits is because they are feasting on the covid ravaged carcass of CX. The greater their profits the greater the damage that has been done to CX.
Sure, market forces suggest CX needs to address employee retention with greater financial incentives. It’s quite the quandary that the cash strapped company finds itself in.
The very reason EK/SQ are making record profits is because they are feasting on the covid ravaged carcass of CX. The greater their profits the greater the damage that has been done to CX.
Sure, market forces suggest CX needs to address employee retention with greater financial incentives. It’s quite the quandary that the cash strapped company finds itself in.
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The Hong Kong government had much longer and stricter Covid restrictions compared to the Emirates and Singapore. Cathay wasn't allowed to restart their business earlier. Since it was also unknown at what time they could restart it was not possible to hit the ground running either, keeping personel and aurcraft on standby would have been a financial desaster. Additionally, it is not possible to restart canceled routes immediately.
If they kept their staff on side, they would have already bounced back. Delayed slightly due to HK restrictions, but hugely better off than where they currently find themselves. Just look at the demand.
PW is right. Other airlines are feasting. Look at the figures. A once big player has been all but removed from the game due to their own leadership decisions, and everyone else is cleaning up as a result.
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Precisely.
The very reason EK/SQ are making record profits is because they are feasting on the covid ravaged carcass of CX. The greater their profits the greater the damage that has been done to CX.
Sure, market forces suggest CX needs to address employee retention with greater financial incentives. It’s quite the quandary that the cash strapped company finds itself in.
The very reason EK/SQ are making record profits is because they are feasting on the covid ravaged carcass of CX. The greater their profits the greater the damage that has been done to CX.
Sure, market forces suggest CX needs to address employee retention with greater financial incentives. It’s quite the quandary that the cash strapped company finds itself in.
The relative pocket change to retain front line staff hides in a small, dark corner of the shadow of missed opportunity.
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The relative success of SQ and EK stands as a damning contrast to CX and HK. CX have lost any goodwill their staff once held, and it will be a slog to return to even a fraction of what the airline once was. For every pilot joining, two are planning on leaving, three are leaving. The only thing the management excel at are intimidation and lining their own pockets at the expense of the staff who actually do the real work.
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Cathay made an extreme bet on what it could get away with using what they falsely saw as an upportunity to do what they were doing gradually but to do it all in one shot. Cutting pilots' pay & benefits in half. It was being gradually implemented via cos 18 offered to newhires starting a few years before covid. Cancelling all standing contracts and losing any credibility they might have had as an employer permanently was a very foolish move for which they'll have to pay for dearly for as long as cathay exists, if it does.
Emirates did a similar thing and they're paying for it with this bonus. At least attempting to.
The central core character of cathay has always been the colonial character. Their attitude, behavior and very importantly the language they use to talk to their staff are clear and very overt displays of disdain and disregard embedded in how they have always viewed cathay staff. To this day they can't even begin to change at least the outright displays of their colonial disdainful attitude in not even thei language they use to address their staff. Let alone the realization of the plainly visible fact that they have to pay for what they've done. But this would be an admission of mistake. This is what colonials never do not matter what. They will ride the sinking ship under water rather than being seen as admitting mistakes to save it.
Emirates did a similar thing and they're paying for it with this bonus. At least attempting to.
The central core character of cathay has always been the colonial character. Their attitude, behavior and very importantly the language they use to talk to their staff are clear and very overt displays of disdain and disregard embedded in how they have always viewed cathay staff. To this day they can't even begin to change at least the outright displays of their colonial disdainful attitude in not even thei language they use to address their staff. Let alone the realization of the plainly visible fact that they have to pay for what they've done. But this would be an admission of mistake. This is what colonials never do not matter what. They will ride the sinking ship under water rather than being seen as admitting mistakes to save it.
Last edited by VforVENDETTA; 18th May 2023 at 06:52.
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Imagine a shop with in your opinion unattractive overpriced merchandise.
Would you rather not shop there or stand outside in front of the shop for years and protest against the offerings of the shop? Because the latter is what a lot in here basically do.
To my knowledge, Cathay never forced anyone to join nor to stay. And if as Vendetta claims Cathay has always been "colonial", why did he make the decision to join in the first place? And if EK or SQ are so great, why not just join them and live the dream?
Would you rather not shop there or stand outside in front of the shop for years and protest against the offerings of the shop? Because the latter is what a lot in here basically do.
To my knowledge, Cathay never forced anyone to join nor to stay. And if as Vendetta claims Cathay has always been "colonial", why did he make the decision to join in the first place? And if EK or SQ are so great, why not just join them and live the dream?
Last edited by corporal klinger; 18th May 2023 at 10:16.
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And as far as lack of pilots there will always be people that will fly for food so I'm pretty sure that's the least of their concerns. Talent acquisition claims that they've got oceans of applications, too much to handle.
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Imagine a shop with in your opinion unattractive overpriced merchandise.
Would you rather not shop there or stand outside in front of the shop for years and protest against the offerings of the shop? Because the latter is what a lot in here basically do.
To my knowledge, Cathay never forced anyone to join nor to stay. And if as Vendetta claims Cathay has always been "colonial", why did he make the decision to join in the first place? And if EK or SQ are so great, why not just join them and live the dream?
Would you rather not shop there or stand outside in front of the shop for years and protest against the offerings of the shop? Because the latter is what a lot in here basically do.
To my knowledge, Cathay never forced anyone to join nor to stay. And if as Vendetta claims Cathay has always been "colonial", why did he make the decision to join in the first place? And if EK or SQ are so great, why not just join them and live the dream?
Then when all the other shops begin to open, a majority (and I mean a lot!) have gone to buy at other shops. The aforementioned shop is refusing to accept hiking up the prices was wrong and decides to save face and to continue maximising profit, they would buy inferior products to replace all the great products they had.
Don’t you worry, there are boundless CX pilots out there waiting for start dates with other carriers, be QR, EK, SQ, QF, UA etc…. Each are taking CX Crew. Q3-Q4 of this year will see another exodus, keep an eye on the lowest seniority guys and see how quickly they’ll climb that list.
Just wait till they raise the Min Productivity to the point where everyone will be on base wage. The company will pat itself on the back again for saving shareholders a unnecessary expense. Also don’t forget the US tax, this “goodwill” can be removed at anytime! Another saving to the shareholders!
Last edited by Babyjet_dododo; 18th May 2023 at 13:34.
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I don't understand why you are trying to convince others how bad CX is or will be in the future. If you believe that yourself than the only reasonal option is to leave.
So if you actually did leave it begs the question why you still go on about it. As I said, you are standing in front of a shop protesting without the intention to buy anything anyway. What's the point?
If you did not leave you invalidate your own line of arguments. I could not take you seriously anymore, with all respect.
And back to the shop, CX had to close the shop because of their insane government forced them to. While they were closed they only required a bare minimum of staff, so they used the imbalance between staff looking for a job and scarcity of positions to offer less money. Brutal, but from a business point of view reasonable. Other shops could open way earlier, and hence acquire new merchandise, hire/ train staff back and promote their product.Time will tell if Cx will have to raise salary again in order to have enough staff. I am sceptical, but would be great of course.
Reopening routes takes time, pilots are just one mosaic piece. You need to rehire local staff, promote the reopening, arrange maintenance, bring the ac out of storage, undust it and apply for slots, traffic rights and negotiate fuel and local engineering. What you are asking for is much much more than keeping thousands of pilots on indefinite standby at full wage ( that alone would have been suicide), you are asking for the entire ops to just sit there for years ready to go anytime. It's completely unrealistic. EK and SQ, all the American airlines etc are not better managed, they are just lucky to be based in countries with shorter Covid restrictions.
I
So if you actually did leave it begs the question why you still go on about it. As I said, you are standing in front of a shop protesting without the intention to buy anything anyway. What's the point?
If you did not leave you invalidate your own line of arguments. I could not take you seriously anymore, with all respect.
And back to the shop, CX had to close the shop because of their insane government forced them to. While they were closed they only required a bare minimum of staff, so they used the imbalance between staff looking for a job and scarcity of positions to offer less money. Brutal, but from a business point of view reasonable. Other shops could open way earlier, and hence acquire new merchandise, hire/ train staff back and promote their product.Time will tell if Cx will have to raise salary again in order to have enough staff. I am sceptical, but would be great of course.
Reopening routes takes time, pilots are just one mosaic piece. You need to rehire local staff, promote the reopening, arrange maintenance, bring the ac out of storage, undust it and apply for slots, traffic rights and negotiate fuel and local engineering. What you are asking for is much much more than keeping thousands of pilots on indefinite standby at full wage ( that alone would have been suicide), you are asking for the entire ops to just sit there for years ready to go anytime. It's completely unrealistic. EK and SQ, all the American airlines etc are not better managed, they are just lucky to be based in countries with shorter Covid restrictions.
I
Last edited by corporal klinger; 18th May 2023 at 14:07.
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Imagine a shop with in your opinion unattractive overpriced merchandise.
Would you rather not shop there or stand outside in front of the shop for years and protest against the offerings of the shop? Because the latter is what a lot in here basically do.
To my knowledge, Cathay never forced anyone to join nor to stay. And if as Vendetta claims Cathay has always been "colonial", why did he make the decision to join in the first place? And if EK or SQ are so great, why not just join them and live the dream?
Would you rather not shop there or stand outside in front of the shop for years and protest against the offerings of the shop? Because the latter is what a lot in here basically do.
To my knowledge, Cathay never forced anyone to join nor to stay. And if as Vendetta claims Cathay has always been "colonial", why did he make the decision to join in the first place? And if EK or SQ are so great, why not just join them and live the dream?
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To be quite honest, Cos 18 was coming, with or without Covid. I remember managers having thoughts about adjusting the pay far ahead of Covid.
They expected some attrition no doubt, but this coupled with the Covid restriction and inability of crew to see family overseas and the inflexible approach of the company in many cases, the attrition was way higher.
Having committed to Cos-18 already, CX was unable to relent and keep the crew.
Where CX really went wrong was the punitive reserve rostering all over the place and inability to secure more unpaid leave, when it was clear that no crew was needed. They really did not seem to care or be flexible.
Understandable, as the company was in distress. They could not see the long view, only what was right ahead of them.
It take a certain type of pilot to want to move to Asia to practice this profession, and there is a limited amount in this world. By forcing so many to leave, there is an even more limited set of experienced crew available to replace them, end most of who left, won't come back.
This leaves two options for CX:
- recover at the rate of a slow influx of pilots and/or training capacity
- throw money at the problem
They expected some attrition no doubt, but this coupled with the Covid restriction and inability of crew to see family overseas and the inflexible approach of the company in many cases, the attrition was way higher.
Having committed to Cos-18 already, CX was unable to relent and keep the crew.
Where CX really went wrong was the punitive reserve rostering all over the place and inability to secure more unpaid leave, when it was clear that no crew was needed. They really did not seem to care or be flexible.
Understandable, as the company was in distress. They could not see the long view, only what was right ahead of them.
It take a certain type of pilot to want to move to Asia to practice this profession, and there is a limited amount in this world. By forcing so many to leave, there is an even more limited set of experienced crew available to replace them, end most of who left, won't come back.
This leaves two options for CX:
- recover at the rate of a slow influx of pilots and/or training capacity
- throw money at the problem