On purely financial terms, you are probably right!!
Obviously the 2 countries are different, I like DXB but I know the odd person that prefers Doha, scary. Its interesting the stats without our profit share. Although we did well last year and hope to this year that historically hasn't been the case.
I think we lucked in because the profit targets were set artificially low compared to capacity increases. First due to 911 and then this year the war and SARs.
Sadly, I'm not sure it will continue and with the current exchange rate things will look even worse. The salaries have dropped by over 20% in Sterling or Euro terms over the last 3 years and it looks as if it is going to get even worse.
Utoh,
Ghost
