There is a "positive" trend, so to say.
What we should not forget is: "How much money do you need to invest to recreate an airline with the quality CX did have, pre-Covid" ?
As long as that is (significantly) more than the expected accumulated losses, it is still worth absorbing all the losses and have (in the end) a company able to generate profit and recuperate the accumulated losses.
This is same reason why Boeing is still alive, despite its enormous losses in the past 3 years, the still not resolved issues around the 787 and 777X deliveries and its completely shattered reputation.
The bigggggg issue is China's persistent adherence to the Zero-Covid scenario. A Zero-Covid scheme fails in the end, there is no doubt about that, though the alternative now is even worse (some 1.5+M dead Chinese, presumable all supporters of the perfect political system, so the China Communist Party does not want to lose its supporters).
Though, until the Zero-Covid scenario is dropped, the CX losses will accumulate, with no real end in sight.