Exco Remuneration
In 2002 total Exco cost was $6.7mil
In 2012 total Exco cost is $17.2mill
In 2012 the shareprice is $1.45 and shareholders have not had a dividend in two years.
Every time management reduces wages of employees they reward themselves an increase which inturn negates the cost savings just made from reducing employee wages.
As a total % of running an aircraft to LAX and back to Sydney the cost of labour is less than 3 %.If Qantas is not making money on this route then it means that their yierld managment is down the crapper
If the $A was trading at US60 cents the Australian workforce would be cheap.
Australia has become a safe haven for investors and this in turn has pushed the $A up and made our workforce appear expensive.The rest of the world is stuffed and thats why we seem expensive.
Back to the original question.Answer: get rid of the entire board and Exco and employ people who know how to run an international airline.
No one currently has a god damn clue