Jarse. Thanks for highlighting aircraft's principal IR theories. I must admit after his first few posts, I didn't bother to read his posts in detail.
"To the idealist, yes, but to the pragmatist, no. Paying the pilots more money is not a realistic solution if it results in the company going broke."
and........
"This is a particularly widespread misconception. I'm not saying they shouldn't be consulted, but the reality is that front-line staff tend to have only a "small picture" view of the marketplace."
Unbelievable! Nothing could be further than the truth!
My staff are very well informed, actively engage with management and the Board, have "taken ownership" of our problems and participate in the management decision process.
Improved terms, conditions and remuneration resulted in
very significantly improved corporate profits last financial year, in a very competitive industry!!!