Profit is irrelevant. Jetstar pulls in 400m (well did) and they didn’t want to even give pilots 5 cents.
It’s like they forecast and plan (over plan might I add) margins in this company but don’t allocate for wage growth. When the good people then go asking for a decent wage, they get told no because our margin aspirations are now not achievable, putting managers targets out of reach hence no bonus for them. They have some crazy 24% margin aspiration at Jetstar. Employees are paying for that might I add. They will say we can’t get to those levels of profitability if we need to pay our employees more than bare minimum. Well that will bite them on the ar$e in the future when people leave for better jobs somewhere else.
Unfortunately pilots will be held by the balls for the next few years but don’t forget those billion dollar profit days will be back, don’t sign your life away forever and ever.