Cathay Pacific imploding.
Joined: Dec 2023
Posts: 40
Likes: 6
From: Disco Bay
zero impact?
airframe utilisation at record lows.
airframe replacement slowed
airframe age increasing = tax depreciation schedule deminishing
Aircrew head count >1200 less than precovid. (senior crew ie experience levels)
Airbus crew doing 100 hrs/ month , some with 3 months off a year as a result
route structure at same levels serviced in 2008 in most areas.
Group daily pax numbers at 2008 levels
CX stock price at $7.99, last time that was seen was seen was 30 April 2009
These figures are readily available so why do you bother ?
They didnt just commit a ungodly act of the goose that laid the golden egg, they then plucked it, cut it's bloody head off and dropped it in a pot of boiling water just to make sure the plucker was dead.
airframe utilisation at record lows.
airframe replacement slowed
airframe age increasing = tax depreciation schedule deminishing
Aircrew head count >1200 less than precovid. (senior crew ie experience levels)
Airbus crew doing 100 hrs/ month , some with 3 months off a year as a result
route structure at same levels serviced in 2008 in most areas.
Group daily pax numbers at 2008 levels
CX stock price at $7.99, last time that was seen was seen was 30 April 2009
These figures are readily available so why do you bother ?
They didnt just commit a ungodly act of the goose that laid the golden egg, they then plucked it, cut it's bloody head off and dropped it in a pot of boiling water just to make sure the plucker was dead.
yeah and terrible financial performance to boot. Oh wait…..
Joined: Jun 2022
Posts: 181
Likes: 0
From: Cern
zero impact?
airframe utilisation at record lows.
airframe replacement slowed
airframe age increasing = tax depreciation schedule deminishing
Aircrew head count >1200 less than precovid. (senior crew ie experience levels)
Airbus crew doing 100 hrs/ month , some with 3 months off a year as a result
route structure at same levels serviced in 2008 in most areas.
Group daily pax numbers at 2008 levels
CX stock price at $7.99, last time that was seen was seen was 30 April 2009
These figures are readily available so why do you bother ?
They didnt just commit a ungodly act of the goose that laid the golden egg, they then plucked it, cut it's bloody head off and dropped it in a pot of boiling water just to make sure the plucker was dead.
airframe utilisation at record lows.
airframe replacement slowed
airframe age increasing = tax depreciation schedule deminishing
Aircrew head count >1200 less than precovid. (senior crew ie experience levels)
Airbus crew doing 100 hrs/ month , some with 3 months off a year as a result
route structure at same levels serviced in 2008 in most areas.
Group daily pax numbers at 2008 levels
CX stock price at $7.99, last time that was seen was seen was 30 April 2009
These figures are readily available so why do you bother ?
They didnt just commit a ungodly act of the goose that laid the golden egg, they then plucked it, cut it's bloody head off and dropped it in a pot of boiling water just to make sure the plucker was dead.
Joined: Dec 2023
Posts: 40
Likes: 6
From: Disco Bay
Joined: Jun 2022
Posts: 181
Likes: 0
From: Cern
No one leaves CX, it’s the best company to work for! Providing a competitive salary, work- life balance with state of the art rostering system and an amazing environment to work in! Why would anyone give that up!
Joined: Dec 2023
Posts: 40
Likes: 6
From: Disco Bay
Any day now that implosion is coming…
Hong Kong’s Cathay Pacific to buy back HK$9.7 billion worth of preference shares from government as part of its bailout package
https://www.scmp.com/news/hong-kong/...res-government
https://www.scmp.com/news/hong-kong/...res-government
Joined: Aug 2024
Posts: 76
Likes: 66
From: Hong Kong
Joined: Jul 2022
Posts: 98
Likes: 4
From: Angola
Joined: Oct 2007
Posts: 552
Likes: 22
From: Hong Kong
Whatever lets you sleep at night…..
Meanwhile, in reality, it’s a shell of its former self that now exists as a low cost carrier and a cautionary tale to corporate mismanagement and greed. A once great name reduced in stature to a stepping stone for inexperienced pilots within the airline industry.
Meanwhile, in reality, it’s a shell of its former self that now exists as a low cost carrier and a cautionary tale to corporate mismanagement and greed. A once great name reduced in stature to a stepping stone for inexperienced pilots within the airline industry.
Joined: Jul 2024
Posts: 575
Likes: 431
From: Outbush
Cathay started imploding as far as Ts & Cs go, back in 1993 when B scales were allowed to be introduced.
Not that there was much choice. But look back - that’s when the rot set in. Everything we see now in CX can be traced back to decisions made then.
Even back then the management style was pretty toxic. Sounds like it’s got worse.
Not that there was much choice. But look back - that’s when the rot set in. Everything we see now in CX can be traced back to decisions made then.
Even back then the management style was pretty toxic. Sounds like it’s got worse.
Joined: Jun 2021
Posts: 7
Likes: 0
From: Inner Funk
Sisiphos:
I previously asked what numbers are on the table?
Various media reports claim the Cathay GROUP (including HK Express) will reach 100% of its pre-pandemic "flight capacity" by January, implying things will be back to "normal". However, the monthly traffic figures for Cathay Pacific (the airline) show there's another side to the story.
Cathay Pacific traffic figures for Oct 2024 (available on its website and also released by the HK Stock Exchange) show the available capacity to/from Europe was 60% of the pre-pandemic (ie Oct 2019) capacity. For North America the capacity was 73%, South West Pacific (ie Australia, New Zealand) 89%, and South Asia/Middle East/Africa 63%.
The GROUP might well operate 100% of the NUMBER of pre-pandemic flights by January, but long-haul capacity is still well down on pre-pandemic levels. The airline is clearly not "imploding" as some have speculated, but the data shows that full recovery is still some way off.
I previously asked what numbers are on the table?
Various media reports claim the Cathay GROUP (including HK Express) will reach 100% of its pre-pandemic "flight capacity" by January, implying things will be back to "normal". However, the monthly traffic figures for Cathay Pacific (the airline) show there's another side to the story.
Cathay Pacific traffic figures for Oct 2024 (available on its website and also released by the HK Stock Exchange) show the available capacity to/from Europe was 60% of the pre-pandemic (ie Oct 2019) capacity. For North America the capacity was 73%, South West Pacific (ie Australia, New Zealand) 89%, and South Asia/Middle East/Africa 63%.
The GROUP might well operate 100% of the NUMBER of pre-pandemic flights by January, but long-haul capacity is still well down on pre-pandemic levels. The airline is clearly not "imploding" as some have speculated, but the data shows that full recovery is still some way off.
Last edited by PercyP; 28th November 2024 at 07:02.