PPRuNe Forums - View Single Post - Geoff Dixon Writes To 2600 Pilots, Threatens Union Payment Cuts
Old 19th Mar 2006, 22:37
  #129 (permalink)  
Pass-A-Frozo
 
Join Date: Mar 2001
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G'day DutchRoll,

What I'm saying is if you want a piece of the profit pie, maybe you should accept a piece of the loss pie. One of the benefits of just being an employee is that if the company makes a loss you still get paid. Pay freeze is ok., but all I'm saying is if you want a greater slice of the profit in the good times, perhaps when QANTAS have a year when they lose $1 Billion, it would be equitible to take a 10% pay cut.

As for record profits, you'd have to look at the return in relation to market capitalisation to see if it's a "huge profit". Probably comes out in the vicinity of 14-16%. The numbers might look big, but look at the amount of money being used to create that profit. $20 interest from your bank in a year probably sounds a lot to your 10 year old, but he wouldn't understand that with current banking practices you probably need $2000 to earn that
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