Geez, you blokes would never make airline CEOs.
When the $AUD is 1.05, staff wages aren't competitive - staff need to take a pay cut.
When the $AUD is 0.50, whilst staff wages are competitive the price of fuel is killing us - staff need to take a pay cut. On the other hand, due to the low AUD we need to increase the CEO remuneration package to make sure we attract the best possible candidates in the global market. You wouldn't want to end up with any dunces running the company.
Then if the AUD goes back up to 1.05 CEOs can take a 'pay cut' by making part of their package a 'performance' bonus ie performance = waking up with a pulse.
C'mon guys, it's not rocket science.
PS when I said "you would never make an airline CEO" it was a compliment