Originally Posted by
380Flyer
In this environment, can you name any airline that is doing well? At least CX is extremely well managed to weather the storm!
Plenty.
http://news.sky.com/home/business/article/16179274
The company behind British Airways saw its profits rise more than 80% in 2011, thanks largely to the return of business travellers.
International Airlines Group, which was created by the merger between BA and Iberia, made a pre-tax profit of £425m in the period - a rise of 499%.
The more reliable figure for analysts however, in the wake of the tie-up, was an 81% increase in operating profit to £344m.
IAG saw a 15% increase in what it calls premium traffic in the period - essentially business travellers - while overall revenues rose by more than 10%.
http://www.thenational.ae/thenationa...wider-recovery
Etihad Airways has reported record revenues of nearly US$1 billion (Dh3.67bn) for the first three months of the year, with passenger figures up by more than 500,000 on the same period last year.
...
James Hogan, the president and chief executive of Etihad, said the airline's record-breaking figures showed it was on course to hit its $5bn annual revenue target this year.
...
First-quarter revenues were $989m compared with $770m for the first three months of last year. This was a rise of 28.5 per cent, while the number of seats filled per flight also hit a record high of 76.5 per cent compared with 72.7 per cent for the same period last year
http://www.centreforaviation.com/new...in-2012-140952
Asiana 4Q2011 operating profit up 45%, expects 32% growth in 2012
http://news.airwise.com/story/view/1329478584.html
All Nippon Airways said on Friday it aims to boost operating profit by more than a fifth in the next financial year as it expands its international service but holds down costs with the Boeing 787 Dreamliner.
...
ANA said in a statement it will target operating profit of JPY¥110 billion (USD$1.4 billion) in the year beginning April and JPY¥130 billion in the year after that, up from JPY¥90 billion forecast for this financial year.
And if you think the current environment is bad, then it is exactly why CX needs to better manage their inventory and try to limit its premium cabin award redemptions and op-ups. I understand it's frustrating to lose a benefit but at the end of the day, CX has a business to run and needs to deliver profits. If they feel there's a need to adjust the policy to improve their yield, then they would do so. At least they are not removing the published seat guaranteed benefit. I suspect that alone contribute to quite a bit of op-ups and bumpings which aren't necessarily helping to improve their profits.
And in your case, you had a chance to upgrade at the airport by up-selling your ticket to K class and redeem for an upgrade award but you chose not to. So it's not impossible to use your miles, it's just harder and you chose not to use it.
This unpublished benefit is not a guarantee. No one should feel they are entitled to it and should just be grateful while it lasts.