Originally Posted by
MickG0105
When making all of these wondrous prognostications about what Tiger and Virgin Captain's will be earning in the the middle of the impending next decade, does it not concern you that that business has run up losses of over $1 billion in just the last four years? It's been the best part of a decade since the airline made any money.
There's a not unreasonable chance that Virgin and a very good chance that Tiger will have gone broke before the the middle of the impending next decade. Does business viability figure in your calculations anywhere?
Pilot salaries are such a tiny fraction of the total costs of running a large airline that they will neither make nor break the ensuing profits.
In the exact same way that executive remuneration neither makes nor breaks the profits either. Otherwise we would be seeing disastrous losses at the QF Group given the disturbingly high levels of take home pay by management in recent years.
No, this resistance to agreeing to a fair and respectable new pilot contract at JQ is all about ideology and ego...not economics.
The proof of this is the many denied non-monetary contract conditions that would cost the business absolutely nothing.
Adversarial ideology...not dollars and sense.
PG