Caneworm,
I would not get too troubled by a few people fishing for a bite on the forum.
There will always be water cooler discussions about what the highest paid A380 SCC/Manager is paid and incorrectly assume all 2500 mainline pilots get paid that!
You hear lots of ideology, but very little in the way of facts or statistics.
Today's good news from the Financial Review is that Virgin profits are up due to fuel price drops and yield improvements. Virgin only benefit 25% from fuel price drops and Qantas benefit in 75% EXPOSURE to the drops!!!!! Well done QF Treasury!!!
With only a 25% exposure Virgin go from a $3 million benefit 1Half to a $50 million benefit second half:
Qantas fuel burn international alone is $4.5-$4.8 billion. Work out at least a 50-60% fall, and at 75% of that its still a huge number
Won't see a great deal of that in the first half year but the full year will be massive.
Article also says that Australians' insatiable appetite for travel is NOT being weakened by the lower dollar either with Webjet reporting a 38% rise in INTERNATIONAL bookings despite the lower dollar.
Did someone say BIG BONUS time!!!!
With Qantas shares soaring to $2.70, I wonder what Alan's options are worth that were issued at around 0.80cents