Air NZ is burning through about $35M a week.
Qantas as a comparison is burning through about $40M a week, but has much more revenue coming in today and into the immediate future.
Qantas is soon to announce their restructure...significant job losses are inevitable. This is no speculation on what will happen to pilots though. Qantas is no shining light when it comes to employment relations. My point is, and I’ve made it before, getting paid 50,60,70 or 90% of your salary whilst you are not working is shooting yourself in the foot. Agreeing to a further small pay cut to save some jobs is putting a band aid on when surgery is required. I’m gobsmacked at the piecemeal process which is costing not only jobs now but also potentially the rate of reemployment at the other side.
I genuinely don’t like seeing pilots lose their job. I see a better way but the leadership seems lacking. I respect people will disagree with me. My thoughts to all.