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-   -   Cathay Pacific imploding. (https://www.pprune.org/fragrant-harbour/653629-cathay-pacific-imploding.html)

cadetjockey 1st July 2024 02:35


Originally Posted by fire wall (Post 11686997)
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.



yeah and terrible financial performance to boot. Oh wait…..

Babyjet_dododo 1st July 2024 13:38


Originally Posted by fire wall (Post 11686997)
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.

Rostering must not like me as I’ve reached the limit and getting calls from CC saying I must not depart before this particular time or throw me in at an outport for days on end.

Dingleberry Handpump 1st July 2024 13:54


Originally Posted by cadetjockey (Post 11687478)
yeah and terrible financial performance to boot. Oh wait…..

compared tho their peers, CX’s financial performance has been atrocious for a decade.

hedging, anyone?

SunnyTheSemen 2nd July 2024 21:44

Completely maxing out guys on hours, pay isn’t keeping up with cost rises . Calls on days off , all of their own making

cadetjockey 2nd July 2024 22:39


Originally Posted by Babyjet_dododo (Post 11687872)
Rostering must not like me as I’ve reached the limit and getting calls from CC saying I must not depart before this particular time or throw me in at an outport for days on end.


odd that CC would call you when you told us you already left….

Climbpowder 3rd July 2024 08:26


Originally Posted by cadetjockey (Post 11689038)
odd that CC would call you when you told us you already left….

You dont understand, CC is so desperate that keeps calling people who left already... :}

Babyjet_dododo 3rd July 2024 20:43


Originally Posted by cadetjockey (Post 11689038)
odd that CC would call you when you told us you already left….

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!

cadetjockey 5th July 2024 12:58

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

Dragon Pacific 6th July 2024 07:43


Originally Posted by Climbpowder (Post 11689203)
You dont understand, CC is so desperate that keeps calling people who left already... :}

This is not unusual 🤣

Sisiphos 26th November 2024 22:27

https://www.scmp.com/news/hong-kong/...pgtype=section



Zi Peng 27th November 2024 00:11


Originally Posted by Sisiphos (Post 11775805)

Utter gigantic bollocks !

Sisiphos 27th November 2024 00:56

Numbers are on the table. Care to elaborate?

PercyP 27th November 2024 03:01


Originally Posted by Sisiphos (Post 11775840)
Numbers are on the table. Care to elaborate?

What numbers are on the table?

raven11 27th November 2024 13:04

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.

Sisiphos 27th November 2024 14:23

Come on ladies, be a good sport and accept defeat gracefully. You were wrong, it's obvious by now.

Newhairdo 27th November 2024 22:52

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.

Zi Peng 28th November 2024 00:48


Originally Posted by Sisiphos (Post 11775840)
Numbers are on the table. Care to elaborate?

It is such a lie, doesn’t need further explanation.
Every CX pilot knows it is.

PercyP 28th November 2024 00:56

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.

Sisiphos 28th November 2024 04:44

Fair point

ChrissyPrezzie 28th November 2024 08:50

I have a feeling this is just a way to retaliate back on the Airport CEO's comment, in reality, CX is no where near pre-pandemic level by next Jan / H1 2025. Will see.


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