An inflation matching rise for nothing may just be impossible especially for NSL.
Why? Are you saying we should just accept the fact that NATS has negotiated contracts on which the margins are so skinny that they're now, in the current inflationary environment, becoming potentially unaffordable for the company as a whole? Not our problem, I'm afraid.
Every year the pay negotiations come round, management say they have no money. This is how it's always been, and probably always will be. But given the recent history of record profits, sub-inflation pay rises and an incredible dividend policy, we're probably entitled to a bit more than the offer on the table.
LTP