From the ASX website. Appendix 3Y. Directors interest notification.
Alan Joeseph Joyce has 7,974,000 million QAN options.
At $3.55 that's $28,307,700 worth of options alone vesting next year. It's not $40 million but close to $30 million at the current price. Perhaps we can top up Alan's salary to make up the shortfall.
FACT
The cost base figures are from IATA. The 1-4% range factors in the lowest cost airlines to the highest cost and from LCCs to Full service airlines globally.
FACT.
There are other reputable economic papers available on line.
I'm not arguing that the deal won't be acceptable, nor that efficiencies should not be strived for. As I've said the A380/744 rates should be lowered to bring twin engine rates of pay up without seperate conditions or a B scale.
You can spin it as hard as you like Tuner however you have provided no data other than a narrative.
Can you tell me what other reputable airlines have had to accept B scales to introduce new types recently?
We will watch with interest at this years profit/bonus announcement.
Whilst your on the topic, how does the rate of pay for the CEO/executive compare to its peers?