Originally Posted by
controlledrest
For an airline thats a good return on capital. Airlines aren't great investments compared other businesses.
We will never know how much profit is really there - with transfer pricing Swire move the money around to fill their pockets, avoid the taxman and screw over the little people. The biggest transfer pricing example is the so called fuel hedge.
that applies to all airlines
to my mind the important thing is , as you say, AIRLINES AREN'T GREAT INVESTMENTS - so expecting them to be open handed and generous to their staff is a fantasy - it is a business that requires an unremitting focus on cost control and cost reduction if they want to survive - see Ryanair........