Originally Posted by ssw207

I can guess CX's next cost-cutting step is to spin off the CPLP (CX Loyalty Programmes) subsidiary like Air Canada did to Aeroplan, to reduce operating expenses and recoup some capital. Its a very clear indication things are heading this way as CX is retracing AC's steps of setting up various charges and fees payable in miles or $, to reduce the Liability in terms of outstanding unclaimed Air Miles on its books.