The end of CX?
Feb 1, 2020 | 7:36 pm
#1
Original Poster
Join Date: Feb 2011
Posts: 42
The end of CX?
In recent months, CX has to rely on mostly transit passengers to maintain operation. Now the transit passengers are gone as well. What's left? Will CX able to survive?
If the government agrees to close the Chinese border, will KA be the first airline to shut down?
If the government agrees to close the Chinese border, will KA be the first airline to shut down?
Feb 1, 2020 | 7:59 pm
#2
Join Date: Sep 2017
Location: Hong Kong
Programs: CX DM/OWE, Marriott Titanium, Shangri La Jade
Posts: 196
HK Airlines would be at more at risk than KA. Agree it should be a pretty bad year for the CX, but I don't think they will fold.
They can raise money in the market, and also they have Swire and Air China as their major shareholders, can always try to ask for more funding.
If HKA folds, then CX becomes the only HK based player again (since they own HK Express now) so in the long run it should be fine for CX, but what I'm worried about is with only one player left, prices may rise for us!
So hopefully someone will finally acquire HKA...
They can raise money in the market, and also they have Swire and Air China as their major shareholders, can always try to ask for more funding.
If HKA folds, then CX becomes the only HK based player again (since they own HK Express now) so in the long run it should be fine for CX, but what I'm worried about is with only one player left, prices may rise for us!
So hopefully someone will finally acquire HKA...
Feb 1, 2020 | 8:22 pm
#3
Join Date: Apr 2017
Programs: CX, SQ, QF
Posts: 340
Who says transit passengers are gone? For now passengers transiting HKG are not being denied entry to most destinations, including key CX transit destinations. Sectors on my CX flights last week were full and I expect the same when I travel again next week, unless the rules are changed to deny entry to pax transiting hkg.
Feb 1, 2020 | 9:48 pm
#5
Join Date: Dec 2012
Location: YVR, HNL
Programs: AS MVPG, UA peon, BA Bronze, Marriott Plat, HH Diamond, Fairmont Plat (RIP)
Posts: 8,436
Feb 1, 2020 | 10:05 pm
#6
Join Date: Jun 2006
Location: NYC/SIN
Programs: CX DM, SQ KF
Posts: 2,344
I wasnt plugged enough into the world to know much about SARS, but to my untrained eye it appears that:
1) the current outbreak is less deadly (fatalities/cases)
2) the world is responding better & faster, likely due to the experience with SARS (leaving aside any possible delays initially within China that I do not know of)
if its going to get you, it will, but as of now Im reasonably confident that practicing good personal hygiene and common sense will keep me safe.
so yes, while its going to be a $#!tty year for CX, I dont think theyre going under, Nor do I think that this is going to be the virus thatll end the world as we know.
1) the current outbreak is less deadly (fatalities/cases)
2) the world is responding better & faster, likely due to the experience with SARS (leaving aside any possible delays initially within China that I do not know of)
if its going to get you, it will, but as of now Im reasonably confident that practicing good personal hygiene and common sense will keep me safe.
so yes, while its going to be a $#!tty year for CX, I dont think theyre going under, Nor do I think that this is going to be the virus thatll end the world as we know.
Feb 1, 2020 | 10:50 pm
#7
Join Date: Sep 2005
Location: TPE / HSZ
Programs: CX GO (=SPH), IHG Diamond Amb, Hertz 5*, Accor, Hilton, National
Posts: 7,220
it has surpassed SARS. https://www.cnn.com/2020/01/28/asia/...hnk/index.html
I wasnt plugged enough into the world to know much about SARS, but to my untrained eye it appears that:
1) the current outbreak is less deadly (fatalities/cases)
2) the world is responding better & faster, likely due to the experience with SARS (leaving aside any possible delays initially within China that I do not know of)
if its going to get you, it will, but as of now Im reasonably confident that practicing good personal hygiene and common sense will keep me safe.
so yes, while its going to be a $#!tty year for CX, I dont think theyre going under, Nor do I think that this is going to be the virus thatll end the world as we know.
1) the current outbreak is less deadly (fatalities/cases)
2) the world is responding better & faster, likely due to the experience with SARS (leaving aside any possible delays initially within China that I do not know of)
if its going to get you, it will, but as of now Im reasonably confident that practicing good personal hygiene and common sense will keep me safe.
so yes, while its going to be a $#!tty year for CX, I dont think theyre going under, Nor do I think that this is going to be the virus thatll end the world as we know.
Feb 1, 2020 | 10:57 pm
#8
Original Poster
Join Date: Feb 2011
Posts: 42
The nCoV may be not as serious as SARS, but there was no protests before SARS and HK economy rebounded quickly after SARS because of Chinese travelers. It's different this time.
Feb 1, 2020 | 11:06 pm
#9
Join Date: Sep 2005
Location: TPE / HSZ
Programs: CX GO (=SPH), IHG Diamond Amb, Hertz 5*, Accor, Hilton, National
Posts: 7,220
Sure, but I still think financially CX is far from going bankrupt. Plus, I think CA will be happy to buy CX if Swire wants to sell.
Feb 1, 2020 | 11:24 pm
#10
Join Date: Dec 2008
Location: PEK, AUS, WAS, HKG
Programs: CX Gold
Posts: 1,288
it has surpassed SARS. https://www.cnn.com/2020/01/28/asia/...hnk/index.html
Feb 2, 2020 | 1:46 am
#11
Join Date: Jun 2006
Location: NYC/SIN
Programs: CX DM, SQ KF
Posts: 2,344
While Ill admit that the forwards are probably part-propaganda, one cant ignore the numbers- the current number of Coronavirus cases, globally, isnt that different from the number of influenza related deaths in the US alone, last year (boring bog standard flu).
Last edited by jagmeets; Feb 2, 2020 at 1:54 am
Feb 2, 2020 | 5:09 am
#14
Join Date: Nov 2018
Location: Barcelona
Programs: Virtuoso, Marriott STARS & LUMINOUS, FSPP, Accor HERA, Hyatt Priv, Rosewood Elite, MO Fan Club
Posts: 837
Cathay's been through much tougher times than this, and for the most part HK transit seems unaffected. Flight loads have been healthy.
Feb 2, 2020 | 7:33 am
#15
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Hong Kong, France
Programs: FB , BA Gold/OW emerald, QR
Posts: 17,041
Current flight loads are not healthy.
But, I agree that CX can overcome this if it is reactive in terms of staff management.