Its really not too complicated, just keep pace with the CPI otherwise we are going backwards.
Record profits every year and then they come up with cr a p about raising fares etc, total nonsense, stop being so bloody greedy that it will result in your demise. Think about it, what would the shareholders prefer, a minor reduction in profits or parking new aircraft against the fence. Please tell me you guys can work that one out.
As an exercise, assume a 3% CPI average over the last 10 years...
F/O on 45k 10 years ago should now be on 58.5k.
Capt on 80k 10 years ago should now be on 104k
ABS figures below...
2 ALL GROUPS, PERCENTAGE CPI CHANGES
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Period Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra
Percentage Change (from previous financial year)
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2002-03 2.8 3.3 3.2 4.0 2.8 3.3 2.3 3.3 3.1
2003-04 2.1 2.2 2.9 3.0 2.0 2.5 1.4 2.6 2.4
2004-05 2.5 2.0 2.6 2.3 3.2 3.2 2.2 2.3 2.4
2005-06 3.0 3.1 3.2 3.2 4.2 3.2 3.3 3.5 3.2