Cathay Pacific---Will its onerous path lead to bankruptcy?
#91
Original Poster
Join Date: Apr 2019
Location: YYZ
Programs: Aeroplan SE. AF-Plat
Posts: 617
We’re already starting to see hints of this, with the near hitchup that one of Cathay’s Airbi did with a United 737 a few weeks back on short final into SFO. You listen to the ATC recording, you wonder how these cats made it into the cabin of a big twin, much less the cockpit. Amateur hour doesn’t even describe it. I know SFO is challenging, but how do you let yourself get underneath the guys who are going for the parallel runway? That’ll swear me off CX much faster than any kinda protest. The shade these guys are getting on PPruNe is almost legendary.
#92
Join Date: Jun 2016
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Posts: 1,084
I have been planning my trips for the rest of the year, and I have never seem this in my Ctrip searches in the past, but as of now every trip I'm taking Cathay will always show up in offering the cheapest fare or in the top three. This used to never of happened. Cathay used to be one of the more expensive fares offer on any routes I'm searching on Ctrip. I usually only search for C class travel, but out of curiosity I did some Y class inquiries, and they pop up as one of the cheapest fares too. I don't fly Y so don't know if it's anything new. But I can't fandom it's always the case that airlines such as China Eastern and China Southern are more expensive than Cathay.
By the way, my relative just flew Cathay, EWR to HKG, and he has a 2 year old daughter. She was crying so he took her to the back to calm her down. One Cathay stewardess actually told the man to go back to his seat because she's too noisy (to the crew apparently, but the pax it's ok). No it's not serving time nor rotation time. It's during level-flight when the crew is just sitting in the back chatting with one another (according to him).
By the way, my relative just flew Cathay, EWR to HKG, and he has a 2 year old daughter. She was crying so he took her to the back to calm her down. One Cathay stewardess actually told the man to go back to his seat because she's too noisy (to the crew apparently, but the pax it's ok). No it's not serving time nor rotation time. It's during level-flight when the crew is just sitting in the back chatting with one another (according to him).
#93
Original Poster
Join Date: Apr 2019
Location: YYZ
Programs: Aeroplan SE. AF-Plat
Posts: 617
I have been planning my trips for the rest of the year, and I have never seem this in my Ctrip searches in the past, but as of now every trip I'm taking Cathay will always show up in offering the cheapest fare or in the top three. This used to never of happened. Cathay used to be one of the more expensive fares offer on any routes I'm searching on Ctrip. I usually only search for C class travel, but out of curiosity I did some Y class inquiries, and they pop up as one of the cheapest fares too. I don't fly Y so don't know if it's anything new. But I can't fandom it's always the case that airlines such as China Eastern and China Southern are more expensive than Cathay.
By the way, my relative just flew Cathay, EWR to HKG, and he has a 2 year old daughter. She was crying so he took her to the back to calm her down. One Cathay stewardess actually told the man to go back to his seat because she's too noisy (to the crew apparently, but the pax it's ok). No it's not serving time nor rotation time. It's during level-flight when the crew is just sitting in the back chatting with one another (according to him).
By the way, my relative just flew Cathay, EWR to HKG, and he has a 2 year old daughter. She was crying so he took her to the back to calm her down. One Cathay stewardess actually told the man to go back to his seat because she's too noisy (to the crew apparently, but the pax it's ok). No it's not serving time nor rotation time. It's during level-flight when the crew is just sitting in the back chatting with one another (according to him).
#95
Join Date: Feb 2015
Location: CRK MNL
Programs: CX Gold
Posts: 1,287
With passenger numbers continually dropping, how long can CX stay in business? Asking this because I book my flights (all for leisure) almost a year in advance. Will travel insurance cover it if CX suddenly goes bankrupt?
#96
Join Date: Aug 2005
Location: BKK
Programs: Mucci Chevalier de la Brosse a Cheveux Dore, SK *GfL, BA Gold, WY G, HH DIA, IC Plat Amb., Hertz PC
Posts: 3,702
They will not be going bankrupt - whilst O&D traffic to/from HKG may have dropped, CX still has a substantial amount of transfer traffic.
#97
A FlyerTalk Posting Legend
Join Date: Dec 2000
Location: Shanghai
Posts: 42,037
#98
Original Poster
Join Date: Apr 2019
Location: YYZ
Programs: Aeroplan SE. AF-Plat
Posts: 617
As for travel insurance it should be HOWEVER, please read the fine print, especially for travel insurance for credit cards....This could be a whole other subject.....
#99
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Join Date: Dec 2000
Location: Shanghai
Posts: 42,037
As far as I know as long as paid for by credit card you will be reimbursed by the credit card company if paid by it.
As for travel insurance it should be HOWEVER, please read the fine print, especially for travel insurance for credit cards....This could be a whole other subject.....
As for travel insurance it should be HOWEVER, please read the fine print, especially for travel insurance for credit cards....This could be a whole other subject.....
#100
Ambassador, Hong Kong and Macau
Join Date: May 2009
Location: HKG
Programs: Non-top tier Asia Miles member
Posts: 19,801
As far as I know as long as paid for by credit card you will be reimbursed by the credit card company if paid by it.
As for travel insurance it should be HOWEVER, please read the fine print, especially for travel insurance for credit cards....This could be a whole other subject.....
As for travel insurance it should be HOWEVER, please read the fine print, especially for travel insurance for credit cards....This could be a whole other subject.....
#101
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Hong Kong, France
Programs: FB , BA Gold
Posts: 15,557
Maybe it was a special deal when Oasis was nearing bankruptcy.
Otherwise credit card transfer money to airlines pretty fast after booking. Otherwise ticket would not be issued and remain on hold.
TAs may have different arrangements with airlines.
Once you have paid for a ticket, say three months from now, your only hope is either 1) consumer protection laws where the credit card is issued or 2) travel insurance associated with the credit card.
For example, UK has fairly generous consumer protection laws. For travel insurance, the fine print is quite important.
That being said, CX is far from financial distress. And if it ever gets in distress there will be interested "sponsors" and buyers. For all practical purposes, CX is the only Hong Kong airline left (HX is semi-dead) and I cannot envision that CX will disappear unless HK is in total turmoil.
#102
FlyerTalk Evangelist
Join Date: Dec 2004
Programs: CX Green, QF Platinum, BAEC Silver, Hyatt Glob
Posts: 10,780
That is very strange.
Maybe it was a special deal when Oasis was nearing bankruptcy.
Otherwise credit card transfer money to airlines pretty fast after booking. Otherwise ticket would not be issued and remain on hold.
TAs may have different arrangements with airlines.
Once you have paid for a ticket, say three months from now, your only hope is either 1) consumer protection laws where the credit card is issued or 2) travel insurance associated with the credit card.
For example, UK has fairly generous consumer protection laws. For travel insurance, the fine print is quite important.
That being said, CX is far from financial distress. And if it ever gets in distress there will be interested "sponsors" and buyers. For all practical purposes, CX is the only Hong Kong airline left (HX is semi-dead) and I cannot envision that CX will disappear unless HK is in total turmoil.
Maybe it was a special deal when Oasis was nearing bankruptcy.
Otherwise credit card transfer money to airlines pretty fast after booking. Otherwise ticket would not be issued and remain on hold.
TAs may have different arrangements with airlines.
Once you have paid for a ticket, say three months from now, your only hope is either 1) consumer protection laws where the credit card is issued or 2) travel insurance associated with the credit card.
For example, UK has fairly generous consumer protection laws. For travel insurance, the fine print is quite important.
That being said, CX is far from financial distress. And if it ever gets in distress there will be interested "sponsors" and buyers. For all practical purposes, CX is the only Hong Kong airline left (HX is semi-dead) and I cannot envision that CX will disappear unless HK is in total turmoil.
#103
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Hong Kong, France
Programs: FB , BA Gold
Posts: 15,557
Not correct. One of the standard features of visa / MasterCard / Amex is that if you don’t get the product you paid for, they will pay you back. It’s unrelated to travel insurance and unrelated to whether the bank has given cash to the vendor. It’s one of the selling points of why you should use a credit card, and one of the reasons they charge the vendor the fees that they do.
You can certainly claim for a charge back. Visa will start a dispute resolution proceeding and send the request to the merchant. The merchant can either accept it and will be debited of the amount (transferred to you) or disagree and provides relevant documentation within 30 days. In a bankruptcy case , the merchant cannot dispute the claim but nor can he pay back. Then the merchant acquirer (bank) is liable, not the card-issuing bank. That is a good protection in most countries, but can be a lengthy process.
Luckily, some credit cards temporarily credit you of the disputed amount until the dispute is resolved.
#104
Original Poster
Join Date: Apr 2019
Location: YYZ
Programs: Aeroplan SE. AF-Plat
Posts: 617
That is very strange.
That being said, CX is far from financial distress. And if it ever gets in distress there will be interested "sponsors" and buyers. For all practical purposes, CX is the only Hong Kong airline left (HX is semi-dead) and I cannot envision that CX will disappear unless HK is in total turmoil.
That being said, CX is far from financial distress. And if it ever gets in distress there will be interested "sponsors" and buyers. For all practical purposes, CX is the only Hong Kong airline left (HX is semi-dead) and I cannot envision that CX will disappear unless HK is in total turmoil.
For me I have no fears of the ongoing protest and will continue to visit HK and transit through there. I cannot say for certain the perception of others.
I get it, Cathay maybe too large to fail for HK but if Air China (largest shareholder) took over, they will for certain lose my support and perhaps many others also.
#105
A FlyerTalk Posting Legend
Join Date: Dec 2000
Location: Shanghai
Posts: 42,037
I sincerely hope that CX Management is not arrogant and think that they are far from financial distress...With NO end in sight for the protests a few more bad quarters, eventually CX will be in financial distress. Their profit margins aren't exactly fat.
For me I have no fears of the ongoing protest and will continue to visit HK and transit through there. I cannot say for certain the perception of others.
I get it, Cathay maybe too large to fail for HK but if Air China (largest shareholder) took over, they will for certain lose my support and perhaps many others also.
For me I have no fears of the ongoing protest and will continue to visit HK and transit through there. I cannot say for certain the perception of others.
I get it, Cathay maybe too large to fail for HK but if Air China (largest shareholder) took over, they will for certain lose my support and perhaps many others also.