Covid-19 coronavirus - effect on Cathay Pacific
Jun 15, 2020, 6:06 am
#1216
Join Date: Apr 2019
Location: YYZ
Programs: Aeroplan SE. AF-Plat
Posts: 620
(from CX press release) Mr Healy explained: “Despite all these measures, the collapse in passenger revenue to only around 1% of prior year levels has meant that we have been losing cash at a rate of approximately HK$2.5 billion to HK$3 billion per month since February, and the future remains highly uncertain.
They didn't define "losing cash" here, which can be different from operating cash flow and profit defined by accounting rules. A company could "lose cash" when it just pays back debts or buys assets. Don't know how refund fits into the equation. CX has contractual liabilities to buy assets such as aircraft. They may not be able to defer all of the contracted purchases. CX also need to pay back debts as they come due. Probably now it's very difficult for airlines to replace debts with new ones.
They didn't define "losing cash" here, which can be different from operating cash flow and profit defined by accounting rules. A company could "lose cash" when it just pays back debts or buys assets. Don't know how refund fits into the equation. CX has contractual liabilities to buy assets such as aircraft. They may not be able to defer all of the contracted purchases. CX also need to pay back debts as they come due. Probably now it's very difficult for airlines to replace debts with new ones.
Jun 17, 2020, 9:52 pm
#1217
Join Date: Jan 2011
Location: HKG • Ex SFO, NYC
Programs: UA 1K, AA EXP; Marriott Amb; Hyatt Globalist; Shangri-la Diamond; IHG SpireAmb; Hilton D; Accor G
Posts: 3,319
Flight bought ~10 days prior to departure. Flight cancelled about ~5 day prior to departure. CX has a single flight TPE-HKG most days.
Jun 17, 2020, 9:54 pm
#1218
Join Date: Jan 2011
Location: HKG • Ex SFO, NYC
Programs: UA 1K, AA EXP; Marriott Amb; Hyatt Globalist; Shangri-la Diamond; IHG SpireAmb; Hilton D; Accor G
Posts: 3,319
Ah, figured it was CX's responsibility since they're the ones who cancelled the flight. In previous instances (e.g. BA ticket CX flight cancellation) I was able to get CX to put me on OZ.
Jun 18, 2020, 1:47 am
#1219
Join Date: Sep 2005
Location: TPE / HSZ
Programs: CX GO (=SPH), IHG Diamond Amb, Hertz 5*, Accor, Hilton, National
Posts: 6,437
Generally speaking, ticketing carrier is responsible except if the IRROPs happen on the day of dep. or the day before, in which case the operating carrier should re-accommodate. In reality, airlines like to push you to one another so to not take responsibility. Did your previous instance happen close to dep.?
Jul 13, 2020, 7:43 pm
#1221
Join Date: Jun 2017
Posts: 2,282
Seem like HK is going to ask travelers from certain high risk areas to provide covid19 negative results test before they are allow to board the flights to HK.
the aircraft will not be permitted to land if the condition is not met.
https://www.info.gov.hk/gia/general/...0071400037.htm
the aircraft will not be permitted to land if the condition is not met.
https://www.info.gov.hk/gia/general/...0071400037.htm
Jul 13, 2020, 11:54 pm
#1222
Join Date: Oct 2012
Programs: CX - DM; Hilton - Diamond, Marriott - Titanium
Posts: 542
Seem like HK is going to ask travelers from certain high risk areas to provide covid19 negative results test before they are allow to board the flights to HK.
the aircraft will not be permitted to land if the condition is not met.
https://www.info.gov.hk/gia/general/...0071400037.htm
the aircraft will not be permitted to land if the condition is not met.
https://www.info.gov.hk/gia/general/...0071400037.htm
Jul 14, 2020, 8:08 pm
#1223
Join Date: Jun 2017
Posts: 2,282
https://www.scmp.com/news/hong-kong/...airlines-halts
Jul 17, 2020, 5:14 am
#1225
Ambassador, Hong Kong and Macau
Join Date: May 2009
Location: HKG
Programs: Non-top tier Asia Miles member
Posts: 19,807
from this article, they mention India/Nepal/Bangladesh/Pakistan/South Africa/Phillipines and INdonesia.
https://www.scmp.com/news/hong-kong/...airlines-halts
https://www.scmp.com/news/hong-kong/...airlines-halts
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Jul 17, 2020, 8:25 pm
#1226
Join Date: Jun 2017
Posts: 2,282
巴基斯坦、印度、孟加拉、尼泊爾和南非: Pakistan, India, Bangladesh, Nepal and South Africa
???? i-CABLE - ?????????????????????????????
???? i-CABLE - ?????????????????????????????
https://hk.on.cc/hk/bkn/cnt/news/202...00822_001.html
Jul 22, 2020, 6:44 am
#1228
Ambassador, Hong Kong and Macau
Join Date: May 2009
Location: HKG
Programs: Non-top tier Asia Miles member
Posts: 19,807
Jul 23, 2020, 9:16 am
#1230
Join Date: Mar 2007
Location: EWR-SEA-IAD
Programs: UA 1P MM, AS MVP G*, SPG Gold, Hyatt Plat, IHG Plat, Hilton Diamond, Marriott Gold
Posts: 977
I wonder if CX will continue all 3 flights to the US now that the testing restriction is in place. Realistically no-one in the US will be able to get a test done within 72 hours and find a letter certifying the lab. Test results are taking a week or more right now in the US.
I wonder if the cargo can justify the route. The JFK flight isn't taking the most optimal route over the pole and its gotta be weight restricted normally. I'd say limited to 60,000 lbs at a guess with the lower pax loads. The LAX and SFO routes shouldn't be a huge problem for cargo, if they can find enough. UA is kicking butt on the cargo side of things and runs HKG routes out of LAX and ORD right now even if their pax flight isn't.
I wonder if the cargo can justify the route. The JFK flight isn't taking the most optimal route over the pole and its gotta be weight restricted normally. I'd say limited to 60,000 lbs at a guess with the lower pax loads. The LAX and SFO routes shouldn't be a huge problem for cargo, if they can find enough. UA is kicking butt on the cargo side of things and runs HKG routes out of LAX and ORD right now even if their pax flight isn't.