Agree its worth waiting to see what is in the deal.
I agree with Tuner that at least the two sides are actually negotiating now. Im suspicious of a change of heart by Qantas however. I think they are only doing so as they failed in arbitration.
You simply cannot compare it to American Airlines. They went into bankruptcy and got sent to binding arbitration.The chapter 11 provisions in the USA are brutal.
Joyce grounded the airline and sent us to FWA at a cost of hundreds of millions. That was his chapter 11 style play.
The full bench of Fair Work "determined" our current award(with concessions) as FAIR.
Qantas are not bunkrupt. Check any analyst report or Qantas information and it has forecast approximately one billion dollar profit this year and two the year after.
The real saving/efficiencies come from the aircraft and not the pilots.
Fuel is by far the biggest cost at 40-50%. if the 787 burns half that of a 747 that is why Qantas will get them. Not to mention they don't need D checks at $30 million per jet.
Hopefully AIPA won't sell the farm in boom times. If they do it will get voted down.
The points made by others are very relevant regarding other airlines carrying two Captains and two F/O's. British Airways, all the European, Middle East and Asian airlines do.
Disagree that executive pay has nothing to do with it. If pilots must make sacrifices to get the 787, why are the executives immune? You cannot cherry pick the savings.
Good leadership manages a business by setting an example, not making exceptions for themselves.