Focus Night
 

Any info on the Hocus Pocus night and the line we were fed from the union on the dire straits the company is in?

Yep, prepare to be disappointed.

So the auditors report that the market has been ok with for 60 years has now got the ok from the AOA. Who knew?

Standby to get it all over your face and in your eyes.

Was there at least the courtesy offer of a reach around?

Let me guess, more pie in the sky, utopian dreaming and strategic ideals about changing the company managers culture/mindset?
Meanwhile the countdown to launch has begun in the tactical arena and we haven't even amassed the troops, let alone motivated them and outlined our tactical goals!
Doomed I say,what a shame.

If they say dire straights, direct them here:
Income Statement: 00293 - Financial Reports for Cathay Pacific Airways Ltd - MSN Money

Net Income:
2013 = $2.6b
2014 = $3.1b
2015 = $6b
2016 = -$.6b

Where did it go?

Balance Sheet (Cash & Short Term Investments):
End of the Year 2016: $21.1b

It would be best if you demonstrate the 'impact' your ask would have on these numbers, but realistically, numbers like that, they cannot claim "Dire Straights".

For the last couple of weeks you have all been well lubed by the propaganda.... So tonight I present you the ">>>>PINEAPPLE<<<<". This is the "fruit" of our efforts and guess where we want to put it?


Do you really need to go?


It aint going to be pretty! :ok:

Facts not Focus.
 

Why leave all that cash on the balance sheet of a publicly listed company when with a little hedge you can move it somewhere else?

I'm really starting to think this is real. Where did the cash go? We need to know. Who is profiting from the calamitous fuel hedges?

That trail is well hidden. You won't find out where the money went. And you can be sure that we won't be told.

I'm not being funny but if I ran a company that had p1ssed away a few billion or worse, why on earth would I show the books (uncooked or otherwise) to an financial analyst whose purpose is to see whether I'm telling porkies??

I wasn't at the Focus Night but was this elephant in the room question asked?

Well hidden trail... No doubt. So is that similar to money laundering?

Focus nights , it brings back nightmares of 1999 and the garbage that the company fed us back in those days , unfortunately the troops were not strong enough to stand up and be counted and as a result here we are again

Judging by some of the posts on the AOA forum nothing has really changed.

I would also go as far as to say this new AoA leader is reminding me of MG.

Amen!!!

+1

Your turn STW, dispute that. I can hardly wait.

Unfortunately I think the truth is more dire than some would like to believe. Hoping these muppets have the competence to pull off a major conspiracy and fraud is simply wishful thinking. The fact is they are muppets who had no more idea of where the price of fuel was heading than you or I. They gambled big simply because they can with no chance of personal loss but a 50 percent chance of personal gain in massive, unprecedented bonuses. There's nothing in the books worth hiding other than a 23 billion dollar embarrassment that the whole world knows and laughs about.

They aren't master criminals. They are incompetent.
But hey, if you can sleep easier thinking these people are brilliant then don't let me stop you.

Fair points, but if they destroy the package for pilots, what is worth saving here? If they honestly think pilot concessions are all that is standing between success and failure at CX, then the place is going down anyways. No savings we can give them will spare the Company from Darwin's theory. They'll have to adapt without me on this one.

Go where......?