It's what AJ DOESN'T say that is most compelling:
the carrier's costs are 25% above its competitors such as Singapore Airlines
Singapore airlines (and others like Cathay, Emirates, Malaysian, ANZ, American, United, Delta, Virgin Australia,Air France,BA)operates an ever increasing fleet of MODERN and FUEL EFFICIENT B777's. The 777 uses 30% less fuel than a 747-400 over the same distance. Because they are newer, they also have LOWER maintenance costs, and have BETTER in flight comforts for the passengers.
As they are also SMALLER, the crew will get paid less $$$$... but still inline with the formula that AIPA and QF have agreed upon for the last 40 odd years.
Did he also mention that he, AJ, gets paid SIGNIFICANTLY above what the other CEO's of these airlines get paid? and not just him, his whole executive team.
Why do these execs focus on cutting the cost which is 30% of the total cost, and not focus on the cost which is 70% of the cost?
When he mentions "Labour" .... he includes the management team and its bonuses. IF you were to take pilots wages as a TOTAL cost of running the airline, you would find that it is probably only 5% of the total cost.
I am NOT in management, and never have been, but even I know that to make money, you have to spend money.