The end of CX?

Old Feb 1, 20, 7:36 pm
  #1  
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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?
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Old Feb 1, 20, 7:59 pm
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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...
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Old Feb 1, 20, 8:22 pm
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Originally Posted by gisanim View Post
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?
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.
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Old Feb 1, 20, 9:05 pm
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CX survived through SARS. So far, I don't think the 2019 nCoV outbreak is any more serious than SARS.
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Old Feb 1, 20, 9:48 pm
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Originally Posted by ernestnywang View Post
CX survived through SARS. So far, I don't think the 2019 nCoV outbreak is any more serious than SARS.
it has surpassed SARS. https://www.cnn.com/2020/01/28/asia/...hnk/index.html
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Old Feb 1, 20, 10:05 pm
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I wasnít 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 itís going to get you, it will, but as of now Iím reasonably confident that practicing good personal hygiene and common sense will keep me safe.

so yes, while itís going to be a $#!tty year for CX, I donít think theyíre going under, Nor do I think that this is going to be the virus thatíll end the world as we know.
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Old Feb 1, 20, 10:50 pm
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Originally Posted by Finkface View Post
Originally Posted by jagmeets View Post
I wasnít 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 itís going to get you, it will, but as of now Iím reasonably confident that practicing good personal hygiene and common sense will keep me safe.

so yes, while itís going to be a $#!tty year for CX, I donít think theyíre going under, Nor do I think that this is going to be the virus thatíll end the world as we know.
I second this. If we are going with number of confirmed cases alone, many influenza have more.
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Old Feb 1, 20, 10:57 pm
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Originally Posted by ernestnywang View Post
CX survived through SARS. So far, I don't think the 2019 nCoV outbreak is any more serious than SARS.
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.
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Old Feb 1, 20, 11:06 pm
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Originally Posted by gisanim View Post
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.
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.
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Old Feb 1, 20, 11:24 pm
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Originally Posted by Finkface View Post
Not exactly. The Wuhan Coronavirus is nowhere near the fatality of SARS. Yes, it infected more people, but much fewer people died of this virus. So I do not think the impact of this virus on CX is as bad as SARS.
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Old Feb 2, 20, 1:46 am
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While Iíll admit that the forwards are probably part-propaganda, one canít ignore the numbers- the current number of Coronavirus cases, globally, isnít that different from the number of influenza related deaths in the US alone, last year (boring bog standard flu).
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Last edited by jagmeets; Feb 2, 20 at 1:54 am
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Old Feb 2, 20, 3:07 am
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Yeah, no... CX will survive
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Old Feb 2, 20, 4:56 am
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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.
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Old Feb 2, 20, 5:09 am
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Cathay's been through much tougher times than this, and for the most part HK transit seems unaffected. Flight loads have been healthy.
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Old Feb 2, 20, 7:33 am
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Originally Posted by bobbytables View Post
Cathay's been through much tougher times than this, and for the most part HK transit seems unaffected. Flight loads have been healthy.
Much tougher than the sum of US trade war, protests and Virus? Really?
Current flight loads are not healthy.

But, I agree that CX can overcome this if it is reactive in terms of staff management.
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