Ok here are some facts.I fully agree with what rdr has to say.Just a coupla additions.
Cathay has reported a FY loss of over 1.2 billion USD and they aren't even
considering cutting short ANY of the pilot's contracts.Leave alone terminating them! The only ones presumably under the scanner at CX are maybe the CC.Who too have a long ways to go before any pink slips are handed out.
Air India has reported a net loss of 1.1 billion USD and their pilots are amongst the highest paid in the world today.And living in a country where your 'bang for your buck' goes 3 times farther than anywhere else in the world.And just a week ago,the managment has
considered a 10% salary cut for its senior execs only.That too only on the basic salary!
Emirates has been making a billion plus dollar loss for the past 12 months now(although there is a gag order within,not to even say the "L" word).And only last week have they announced a very marginal cut in hotel allowances for its pilots.
What on this earth makes SIA soo different,or should I say paranoid,that it starts cutting short pilot contracts,stops normal renewals of experienced captains' contracts,asks its pilots to take voluntary no pay leave and then forces them to take 3-4 days a month of compulsory no pay leave as compared to ONE day every 4 months for its CC(logistics aside)....!! And NOW are seriously considering retrenching its valuable expat pilot base.And
ALL THIS WHEN ITS EXPECTED NET PROFITS ARE TO BE IN THE REGION OF 1.2 billion US dollars......!!!
Something doesn't make sense here.Something's drastically wrong with this......
.
Needs to be looked into in detail.Microscopically....
And then rectified!