Aug 10, 2019, 6:54 pm
Last edit by: percysmith
This thread is to discuss the facts and practical implications of the China ruling on airspace and Cathay crew flying through the airspace.
For non-CX impact on travel to HK, please go to this thread in HK/Macau https://www.flyertalk.com/forum/hong...ns-travel.html
If you would like to discuss the political motivations or opinions on this, please go to this thread in OMNI/PR https://www.flyertalk.com/forum/omni...-protests.html
For non-CX impact on travel to HK, please go to this thread in HK/Macau https://www.flyertalk.com/forum/hong...ns-travel.html
If you would like to discuss the political motivations or opinions on this, please go to this thread in OMNI/PR https://www.flyertalk.com/forum/omni...-protests.html
CX Banned (kind of) by China
Aug 11, 2019, 11:18 pm
#121
Join Date: Oct 2009
Location: BNA
Programs: Hyatt Explorist, Bonvoy Plat, HHonors Diamond, DL Gold
Posts: 383
The market isn't reacting well to China's newly requested requirements for CX. Per Bloomberg, today Cathay shares lost 4.5% to HK$9.84 as of 10:59 a.m., set for the lowest close since June 2009. Swire Pacific Ltd., Cathay’s parent, fell 5.3% to HK$77.50.
Although a ~4-5% drop in one day isn't too extreme, coming close to the lowest share price in 10 years is a disappointing sign. The current relations between Hong Kong and Beijing may be a burden on CX with an unknown outcome.
Although a ~4-5% drop in one day isn't too extreme, coming close to the lowest share price in 10 years is a disappointing sign. The current relations between Hong Kong and Beijing may be a burden on CX with an unknown outcome.
Aug 11, 2019, 11:36 pm
#122
Join Date: Jun 2004
Location: Hong Kong
Programs: CX MPC
Posts: 592
Cathay Pacific threatens staff with sack
Cathay Pacific threatens staff with sack as shares plummet after Beijing stance on Hong Kong protests:
Looks like things have stepped up a notch--or several.
Aug 11, 2019, 11:42 pm
#124
Join Date: Jul 2014
Location: SFO/HKG
Programs: ex-UA 1K, AA EXP, Hilton Diamond
Posts: 535
Cathay Pacific threatens staff with sack as shares plummet after Beijing stance on Hong Kong protests:
Looks like things have stepped up a notch--or several.
Aug 12, 2019, 12:10 am
#126
Join Date: Jan 2011
Posts: 2,344
I hope that's how smart CX is playing it. Act tough verbally and rhetorically (what China loves), and then handle with care internally. Sack only if necessary. Do what you can to protect your staff.
Aug 12, 2019, 12:27 am
#127
Join Date: Oct 2009
Location: BNA
Programs: Hyatt Explorist, Bonvoy Plat, HHonors Diamond, DL Gold
Posts: 383
The wording in Hogg's Important Announcement memo is interesting, which mentions disciplinary consequences for those who support or participate in illegal protests. By supporting, someone doesn't have to participate. It will be interesting to see how that is interpreted and followed. Will a social media "like" on an illegal protest indicate support?
Some protests are legal in the police-approved sites at the approved times. That appears to be fair game.
Currently, it doesn't appear the market is convinced this memo and the proposed actions from CX management are sufficient to satisfactorily address the Chinese government's wishes.
Some protests are legal in the police-approved sites at the approved times. That appears to be fair game.
Currently, it doesn't appear the market is convinced this memo and the proposed actions from CX management are sufficient to satisfactorily address the Chinese government's wishes.
Aug 12, 2019, 12:47 am
#128
Join Date: Nov 2018
Posts: 17
Apple Daily reports suspected sabotage of CX aircraft in china (something to do with emergency o2 tank)
https://hk.finance.appledaily.com/fi...90812/59923258
is it still safe to fly in CX/KA to china?
https://hk.finance.appledaily.com/fi...90812/59923258
is it still safe to fly in CX/KA to china?
Last edited by NewbieRunner; Aug 18, 2019 at 3:22 am Reason: Remove inflammatory description
Aug 12, 2019, 1:05 am
#129
Join Date: Jul 2014
Location: SFO/HKG
Programs: ex-UA 1K, AA EXP, Hilton Diamond
Posts: 535
The wording in Hogg's Important Announcement memo is interesting, which mentions disciplinary consequences for those who support or participate in illegal protests. By supporting, someone doesn't have to participate. It will be interesting to see how that is interpreted and followed. Will a social media "like" on an illegal protest indicate support?
Some protests are legal in the police-approved sites at the approved times. That appears to be fair game.
Currently, it doesn't appear the market is convinced this memo and the proposed actions from CX management are sufficient to satisfactorily address the Chinese government's wishes.
Some protests are legal in the police-approved sites at the approved times. That appears to be fair game.
Currently, it doesn't appear the market is convinced this memo and the proposed actions from CX management are sufficient to satisfactorily address the Chinese government's wishes.
Aug 12, 2019, 1:34 am
#130
Join Date: Sep 2014
Location: Scotland
Programs: Star Alliance
Posts: 476
Either way I'm just hoping for some normality to remain at CX for the next 2 months regarding flights, hopefully longer.
That o2 sabotage (if true) is worrisome though.
Aug 12, 2019, 1:46 am
#131
Join Date: Sep 2007
Location: HK
Programs: Qantas (Lifetime Gold), PAL (Elite), British Airways (now sadly blue), Cathay MPO DM
Posts: 647
https://www.scmp.com/news/china/poli...-plummet-after
Looks like CX are taking a hard line. Maybe time to start boycotting them.
Does anyone know the CEO's email address or something? I feel like sending a letter saying how much his response pisses me off. I could send to the Marco Polo Diamond but I can't see that going anywhere useful.
CX staff are humans and entitled to do what they like in their time off!
EDIT: I found his Ruperts email address and sent him an email. I suspect he's got rather a lot on his hands today though!
Looks like CX are taking a hard line. Maybe time to start boycotting them.
Does anyone know the CEO's email address or something? I feel like sending a letter saying how much his response pisses me off. I could send to the Marco Polo Diamond but I can't see that going anywhere useful.
CX staff are humans and entitled to do what they like in their time off!
EDIT: I found his Ruperts email address and sent him an email. I suspect he's got rather a lot on his hands today though!
Last edited by fairhsa; Aug 12, 2019 at 2:24 am
Aug 12, 2019, 2:26 am
#132
Join Date: May 2006
Location: North Yorkshire, UK
Programs: BAEC
Posts: 79
According to the BBC, 2 ground staff have been sacked and 1 pilot suspended.
https://www.bbc.co.uk/news/business-49317221
https://www.bbc.co.uk/news/business-49317221
Aug 12, 2019, 2:34 am
#133
Ambassador, Hong Kong and Macau
Join Date: May 2009
Location: HKG
Programs: Non-top tier Asia Miles member
Posts: 19,792
Not sure if you consider ?????????? ???????? ??? ??? a credible source, but here you go. This is the same company (Huarong) mentioned by @percysmith.
Chinese State-Run Firm Tells Employees to Stop Flying Cathay
https://www.bloomberg.com/news/artic...cathay-pacific
Aug 12, 2019, 3:36 am
#134
Suspended
Join Date: Jul 2019
Posts: 12
Aug 12, 2019, 7:14 am
#135
Join Date: Feb 2010
Location: Bombay
Programs: EC Blue, EB Silver, FB Gold
Posts: 551
I see the biggest threat to be declining traffic if protests continue to escalate, or there is a good old fashioned crackdown. Tourism will plummet, businesses will not send their employees there and companies will relocate. Having to reroute to avoid mainland airspace is a nuisance in comparison.