Well Professor,
A380 Captains make up about 5% of the mainline pilot group so it's not a good benchmark. Sure it makes a good water cooler discussion with the Jetstar HR staff after comparing their F11 first class staff travel trips.
Most A380 Captains would have to have about 25-40 years of service in Qantas to obtain command there. Doubt many in the upper Echelons of QF management are even that old.
After the QF32 incident the ATSB attributed experience as a major factor that saved the aircraft and its $414 million dollar list price. Wonder how Air Asia would have gone in a similar situation? But of course, "everyone can fly" these days.
Can't wait to see the annual results in February. Analysts are saying a billion dollars profit this year and two billion the year after.
Guessing our CEO's options granted at 80c must be looking good at around $10,000,000-$15,000,000.
Not bad considering the heavy lifting has been done by the sustained fuel price drop, as well as the fall in the AUD from $1.15 to 0.77c.
Competitors are pulling out capacity with the weak dollar and the yields are improving too. Foreigners are increasing their inward travel to Australia as the dollar stays low.
Doom and gloom has passed folks. Looking forward to seeing with time the benefit of the exposure to the plummeting fuel price on the bottom line.
Cant see the rush in signing a new deal unless it is reasonable.
Worst case it's an 18 month freeze(still a pay cut in real terms) like every other work group in Qantas such as the engineers, Short Haul Pilots, Cabin crew, TWU, ASU etc etc etc etc
I wonder what the bonus payments will be this year and the year after?