Patience
Cup of tea a bex and a good lie down gentleman.
Qantas pilots terms and conditions were not the cause of recent tough times nor will they be a saviour in the future.
Look at all the work groups that have accepted AT WORSTan 18 month pay freeze in their respective EBAs. That includes the TWU which has been a thorn in the side of QF for years.
QF will be making around a billion this year and two billion the year after. Alan will do nicely from his sub 80c options!
The Aussie dollar has fallen 30% and the fuel price by more than 50%.
As the fuel hedging unwinds QF will participate in most of this fall post January 2015. As the dollar has dropped, foreign capacity pulls out and yields increase for QF. Add to this QF make higher comparable fares in AUD from overseas.
The cost base in comparable USD terms has dropped 30%.
Strambi banged on about this when it was 1.15 USD. Well it's 77c and falling now so you can't have it both ways champ.
I'm sure AIPA will be patient. With good Feb results coming and the full year results being even better with greater exposure to the dropping fuel price, one must question the rush to get a deal by QF.
Wasn't that long ago they were happy to keep LH EBAs dragging on for years.
Perhaps we may be best to wait for bonus time when the record profits get announced.
Either way if QF offer a bad deal they risk a delay until profits and bonuses soar ever higher.