$110000 average LAME multipled by current offer (3-5%) equals $3300-$5500 pay increase pa.
Cost to Qantas - 1700 LAME's (approx) multipled by $3300-$5500 equals $5,610,000 - $9,350,000 pa.
$110000 average LAME multipled by ALAEA claim (5-7%) equals $5500-$7700 pay increase pa.
Cost to Qantas - 1700 LAME's (approx) multipled by $5500-$7700 equals $9,350,000 - $13,090,000 pa.
Qantas Cost Difference between ALAEA claim and current offer $3,740,000.
$3,740,000 divided by profit forecast $1,400,000,000 equals 0.00267%
Qantas downgrades profit forecast to $1,396,260,000. Doh.
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