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CX 2019 1H profit HK$1.3B (2018 1H: $263m loss), rev $53B (up 0.8%)
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Massive fuel savings ($1.2B less)
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Does this mean that cabin crew will not be crucified for taking a bottle of water with them off the plane?!
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Originally Posted by flubber
(Post 31388300)
Does this mean that cabin crew will not be crucified for taking a bottle of water with them off the plane?!
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Originally Posted by percysmith
(Post 31388259)
Massive fuel savings ($1.2B less)
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Haven't they always been profitable when removing the fuel hedge loss, which has now expired?
Still i wonder if anyone lost their job over that. |
Originally Posted by 1010101
(Post 31388460)
Haven't they always been profitable when removing the fuel hedge loss, which has now expired?
Still i wonder if anyone lost their job over that. |
"Total fuel costs for Cathay Pacific and Cathay Dragon (before the effect of fuel hedging) decreased by HK$674 million (or 4.5%) compared with the first half of 2018, reflecting a 6.5% decrease in average into-plane fuel prices and a 2.0% increase in consumption. Fuel is the Group’s most significant cost, accounting for 28.2% of total operating costs in the first half of 2019 (compared to 30.1% in the same period in 2018). Fuel hedging losses were reduced. After taking fuel hedging into account, fuel costs decreased by HK$1,213 million (or 7.7%) compared with the first half of 2018. Fuel consumption per available tonne kilometre fell by 1.5%, reflecting the continued introduction of more fuel efficient aircraft."
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Originally Posted by percysmith
(Post 31388589)
"Total fuel costs for Cathay Pacific and Cathay Dragon (before the effect of fuel hedging) decreased by HK$674 million (or 4.5%) compared with the first half of 2018, reflecting a 6.5% decrease in average into-plane fuel prices and a 2.0% increase in consumption. Fuel is the Group’s most significant cost, accounting for 28.2% of total operating costs in the first half of 2019 (compared to 30.1% in the same period in 2018). Fuel hedging losses were reduced. After taking fuel hedging into account, fuel costs decreased by HK$1,213 million (or 7.7%) compared with the first half of 2018. Fuel consumption per available tonne kilometre fell by 1.5%, reflecting the continued introduction of more fuel efficient aircraft."
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Maybe they can afford to stop serving slop in the lounges and in J cabins now.
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What will be the impact of loading for CX flights? There are reports that tourist arrival is down in June/July. |
Originally Posted by sbs2716g
(Post 31406097)
What will be the impact of loading for CX flights? There are reports that tourist arrival is down in June/July. |
There's some serious hypocrisy going on here. Anyone flying to China should boycott HX and fly CX instead (assuming the flights still run) because HX is benefiting from effectively being an SOE. Lets see if anything happens if 1 HX pilot or cabin crew is arrested... I highly doubt anything will. I personally will NOT be stepping onto any Mainland carrier or HX for the rest of the year.
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Originally Posted by cx4ever
(Post 31407088)
There's some serious hypocrisy going on here. Anyone flying to China should boycott HX and fly CX instead (assuming the flights still run) because HX is benefiting from effectively being an SOE. Lets see if anything happens if 1 HX pilot or cabin crew is arrested... I highly doubt anything will. I personally will NOT be stepping onto any Mainland carrier or HX for the rest of the year.
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