As he mentions, it's a 'double edged sword'. However, a strong dollar is not all bad. Fuel and wages normally make up the two highest costs for any airline. Fuel is now cheap, very cheap, down to around $40 a barrel compared to $110 a while back. Whilst all staff in Dubai are paid in local currency, outstations are not. Paying UK staff has now become cheaper as the dollar buys more pounds. Same for practically all other outstations around the network as is the same for costs incurred such as local advertising, fuel, lounges, landing charges, chauffeur drive, etc, etc. That must all add up to offsetting some of the lost currency revenue on tickets. And there's no ERP either. Another saving, especially with pilots and senior managers entitled to it.
Personally, I couldn't give a fudge about PS this year. What we need is a decent pay rise AND the increment. That's what makes the difference over time, not a one off payment so we don't miss the pay rise.....which we haven't had for 3 of the last 4 years by the way! Oh, and don't forget the leave! 42 days please. It's contractual.......
Harry