The 30 per cent cut is misguided. Suggesting such a large cut means cutting flights and routes. Giving up slots it will give away to its arch rival and not get back for several years, making profitability harder and weakening the airline's value.
We know that 48 long-haul 77Ws will be refitted for 10 abreast confirming 5 77Ws will exit - at least the earliest ones. That equates a 10 per cent roughly.
Originally Posted by
Aus106080
Can you say more about the 30% cut?
Even in 2009, CX and KA only cut around 10% capacity.
I cannot imagine CX will actually give up the existing market to Hong Kong airlines or other competitors and also the slots for Hong Kong airport.