I've just done a quick search for various figures of competitors, profits and load factors. Alan Joyce has said that the cost of doing business with Australian employees is something like 22% extra. So lets have a look at some other figures,
Profit figures announced March 2011
CX: HK$14.048mill Load Factor 81.1%
EK: $1.6 Billion Load Factor 80%
SQ: $1.092 Billion Load Factor 78.5%
QF: $552 million Load Factor 80.1%
So even with the 22% added cost, the boards performance doesn't match any of its peers. Who said KPI's were a good thing and how does Alan's and the boards package compare with their competitors? I'd bet slightly better than the 22%
Unfortunately, got to go to work now, but will try and get the costings for the various boards as well to see where the true value for money lies.
Cost allocation and shifting is still one of the most important subjects here when we consider the performance of qantas, jetstar and the rest of the group and in particular, when compared to overseas peers.