Vueling operating profit 137 Million
With this profit below Vueling can afford to pay their pilots more decently and stay profitable. A conflict with their pilots, and a possible strike would also cost money as well.
Curious isnt how CEO´s reward themselves, while the pilots do not get even a fixed pay increase. Is that right ?
¨Low cost Spanish carrier Vueling, which was acquired in April 2013, registered an operating profit of €137 million¨ for 2013
IAG boss Walsh offered major share bonus for successful turnaround
Willie Walsh, the boss of British Airways’ parent International Airlines Group, could potentially receive a bonus worth double his basic salary if he succeeds in turning the loss-making company around by 2016.
IAG's losses cost Willie Walsh his bonus for 2012 but the aviation chief could receive more than double his basic salary in shares if he turns the company around over the next three years.
The aviation veteran, who led the 2011 merger of BA with Spain’s Iberia to form IAG, stands to receive a maximum award of 684,647 shares, which at today’s prices are worth £1.7m.
The long-term incentive award, laid out in a stock exchange announcement on Wednesday, would be dependent on meeting strict performance targets between 2013 and 2016.¨