We hear all the time that Qantas is spending Billions on new aircraft and that it is one of the reasons they can not give 5% , In fact they are buying these planes then flying them into international waters and selling then to the banks leasing companies via a tax loop hole . So yes they are spending Billions on new planes but collecting the money straight back within days!!!!!!!!!!!!
As for taking a pay freeze, what about the share bonus. Instead of taking a dollar value pay rise management are pocketing share options.