Their bizarre accounting techniques create bonuses but are a window onto a far greater malaise
A quick look at their narrative exposes that, the industrial campaign of 'terminal decline' in 2011 was quietly matched with a whole bunch of share options for insiders...
When the fleet write down (all permissible under AASB- at management discretion) ensured that the on paper loss would be massive, most myopic financially illiterate unions fell for it leaving their members pay frozen. Then options amazingly vested....
With the remaining pilots subject to BS with uniform/dress standards that strangely don't apply when the HR wanders aimlessly, hoping for relevance, is it any wonder the recruiting process is sub optimal? It is a battle for relevance.