People here don't seem to know how to read airline financial statements.

If you take SIA's results, their results include SIA Engineering which is profitable but if you take airline operations, then it's very ordinary.

As for CX, operating loss was HKD 212 million which is close to break even and there are no engineering profits to include now as HAECO is now integrated into Swire.

The results had a cost element for retiring the 747-400 fleet and there was a large charge for maintenance as a result of extra shop visits for the Rolls-Royce powerplant.

The airline grew its revenue and passenger numbers but in this environment and implied volatiality, getting the balance can be difficult especially when cargo is big for CX.

Also, I'm sure that CX in comparison to SIA's 1st Quarter period (Mar-Jun) would have been profitable as there is no visibility in CX's numbers as they don't report in Quarters.

Please read the financials before saying all the comments. I think CX is doing a good job in maintaining its position in this tough operating environment.

Looking ahead, I think their profit bottom line will be a profit for the whole year as second half is much stronger and they will benefits from upswing in cargo business. Overall, my prediction is that it will surpass SIA numbers for Jan-Dec period.