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Thread: Big loss for Cathay
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Old Aug 9, 2012 | 1:11 am
  #9  
deadinabsentia
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Join Date: Jun 2012
Location: 0°48′24″N 176°36′59″W
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The balance sheet is neutral. They moved some revenue to HAECO (which SWIRE owns) made it a cost to CX and a couple of other sly things. Goal is to pull all the value out of CX prior to turning the carcass over to Air China.
Nothing to see here, except the British pulling money out of China.
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