PPRuNe Forums - View Single Post - Is Gulf Air being taken for another ride ?
Old 29th Apr 2007, 18:13
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Desert Diner
 
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So what you are saying is that you have to hire someone at $1.2MM p.a. to figure out the company is losing $365MM p.a. and because of that high salary he will take the right steps to stop the losses.

JH must have been paid only Sharwarma money then as he obviously didn't realize the magnitude of the loss or knew the right steps to stop the losses

This kind of reminds me of the old CEO of US Airways who's salary just about surpased the combine salaries of all the CEO's of the other major US airlines and at the same time the US Airways CASM just about equaled the combined CASM of all the other major US airlines (Note: This is an exageration to make the point). He had a solution alright, sell the airline to United

Running an airline is not rocket science, its all about CASM. RASM is pretty well fixed, even for the ME, so you have to reduce CASM as much as you can while still being able to attract the punters to fill the seats. You need, clean and fresh looking planes.

As for AD's salary, who can blame him. The shelf life or a CEO in a company losing $365MM p.a. must be pretty short.
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