HotnHigh
Not that is not the case you don't have to work for free.
All you have to do is reduce your wages by between 30 to 50% , this will bring you to the wage levels of your competitors, that truly reflect the market rate for the appropriate skill set.
If it is good enough for a BA 747 Capt to clear $165,000 then how can it be justifiable for a QF Capt to clear $240,000 some 50% over and above your BA counterpart.
BA took the hard medicine some years back , strangely enough it was an Irish CEO who like Mr Joyce also attended Trinity College who turned the business around. Do you really want me to post what your Air Canada counterparts get paid - you wages are at least 70% higher. And yes again they to in the 2000s had a restructure where T/Cs had to be transitioned from "iconic" levels to plain simple reality.
What is wrong with an A380 Capt being paid at the very top scale $300K, on a worldwide comparison of say the G20 , really very good coin for the job of being a pilot.
Really there is an easy $200 million saving from flight crew wages.
Larger savings could be made from your Aircraft tradesman, who have a fondness for calling themselves "Engineers" (sans degree), to many , paid way to much for people who have a TAFE level trade qualification. Often the "engineers" are pushing out $120K to 160K , 38 hour week for a tradie , who in many cases has a year 10 education.
Easy 400 million saving on maintenance wages.
Simple equation, do it or like Ansett you will perish.