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? |
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... |
Originally Posted by gisanim
(Post 32022036)
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? |
CX survived through SARS. So far, I don't think the 2019 nCoV outbreak is any more serious than SARS.
|
Originally Posted by ernestnywang
(Post 32022224)
CX survived through SARS. So far, I don't think the 2019 nCoV outbreak is any more serious than SARS.
|
I wasn’t 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 it’s going to get you, it will, but as of now I’m reasonably confident that practicing good personal hygiene and common sense will keep me safe. so yes, while it’s going to be a $#!tty year for CX, I don’t think they’re going under, Nor do I think that this is going to be the virus that’ll end the world as we know. |
Originally Posted by Finkface
(Post 32022294)
it has surpassed SARS. https://www.cnn.com/2020/01/28/asia/...hnk/index.html
Originally Posted by jagmeets
(Post 32022339)
I wasn’t 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 it’s going to get you, it will, but as of now I’m reasonably confident that practicing good personal hygiene and common sense will keep me safe. so yes, while it’s going to be a $#!tty year for CX, I don’t think they’re going under, Nor do I think that this is going to be the virus that’ll end the world as we know. |
Originally Posted by ernestnywang
(Post 32022224)
CX survived through SARS. So far, I don't think the 2019 nCoV outbreak is any more serious than SARS.
|
Originally Posted by gisanim
(Post 32022457)
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.
|
Originally Posted by Finkface
(Post 32022294)
it has surpassed SARS. https://www.cnn.com/2020/01/28/asia/...hnk/index.html
|
While I’ll admit that the forwards are probably part-propaganda, one can’t ignore the numbers- the current number of Coronavirus cases, globally, isn’t that different from the number of influenza related deaths in the US alone, last year (boring bog standard flu).
|
Yeah, no... CX will survive
|
The stories is still developing, it's too early to said CX will end or not. But Chinese carriers + HX should see more difficulties than CX group.
|
Cathay's been through much tougher times than this, and for the most part HK transit seems unaffected. Flight loads have been healthy.
|
Originally Posted by bobbytables
(Post 32023147)
Cathay's been through much tougher times than this, and for the most part HK transit seems unaffected. Flight loads have been healthy.
Current flight loads are not healthy. But, I agree that CX can overcome this if it is reactive in terms of staff management. |
All times are GMT -6. The time now is 4:46 pm. |
This site is owned, operated, and maintained by MH Sub I, LLC dba Internet Brands. Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Designated trademarks are the property of their respective owners.