The biggest trouble with QF & mostly other industries that are fighting to survive in a global playing field is that they (QF for Eg) want to lower their operating costs in order to compete. They can't do a lot about fuel costs as that's an ever changing balance sheet on it's own.They still need new planes & they can't get them cheap.
BUT the element they can change or at least want to is lower the human element to all this. Lower wages,reduced services & off shore maint ('cause it's cheaper) making the employees in their eyes their only pawns.
BUT (& there's that word again!) it's all good & well from a CEO's perspective ('cause they don't live in the real world due wealth etc) to want to lower wages have less staff to do more work etc with those same employees living in that same world where EVERYTHING is going up (no thanks to 'Juliars' carbon crap) around them. Sure pay yr staff 20% less to line yr pockets & make you look good but whilst yr at it AJ tell the oil Co's, the food suppliers & general goods suppliers to lower their ticket prices ...................yeah didn't think so !
It's a bit like removing every second floor joist on a floor that supports a Co(yeah now there's a go, remove that other 'Joyce!
) as it's cheaper to do the same job with less 'joists' but one day that same floor will come crashing down due poor support,that we are seeing now. We have building regs to make sure our floors are built strong,what do we have in the commercial world 'floors'? Less & less infrastructure all in the name of top end greed & cost!
What do you do when the 'Joyces' are rotten? YOU REPLACE them!.....it's about to tumble into the Abyss !!
It's a flea bitten dog chasing it's own tail QF!!!!!!
Wmk2