Originally Posted by
Cathay Dragon 666
I heard for a luxury airline like Cathay, to maintain the quality they are offering, they have to sell an average of V-fare(!!!) to break even. Anything less than that is pure loss. Now I see Cathay is throwing around Q-fare and even if they fill up the plane with Q-fare they are losing tons of money.
Can you read their profit loss statement? They make a massive operation profit.
read that again. MASSIVE operating profit.
The bet wrong on fuel, and currency hedge. They incur massive fines for operating illegally.. its what Swire does.
But outside that, the company as it is.. earns BILLIONS.
Lets not forget..
CX Engineering is HAECO (SWIRE)
CX Catering (SWIRE)
Grooming (HAS - SWIRE)
Laundry (Vouge - SWIRE)
it goes on..
all the service companies take money from CX (at a high margin) and move it to SWIRE.
Its a massive shell game.