Originally Posted by
sscywong
Actually ex-HKG should be of high yield... Transit flights are those really hurting yield...
Yes, and I'll bet the % of core passengers on any given route has dropped and there are proportionately more connecting passengers now. I suspect CX has simply grown its capacity a little too fast to maintain its pricing, so to fill its seats it has to sell more to transit customers. The result is lower average revenue per seat mile, which then drives the need to lower costs per seat mile, and you know the rest.