THEN ask yourself if you should be asked to accept giving away anything more to "help" them recover from their management style, most notably, fuel hedging decisions.
And remember that just because you bought something for $1000 and some guy across the street then bought the same thing later for $500 does NOT mean that you have lost $500. Try claiming that on your taxes and see what they say. But in HK, for some reason, the company's employees and the IRD let the company claim a "loss" because they missed the sale on fuel by buying too much too early. Now what if another airline paid less for an A350 this week? Or next month? Or a light bulb? Or a pilot?[/QUOTE]
Rod, I think you misunderstood the concept of fuel hedging. Cathay agreed to buy fuel at a certain price for a period of years. This price is the cost of fuel, it is not the comparison to the actual fuel price that causes the lost, it is the high price Cathay has actually to pay.
I totally agree with you regarding the unjustice this terrible decision is now creating.
I disagree with you regarding the general decline of our COS and the root causes. Apart from hedging, the real reason for the decline is in my opinion a reflection of the industry as a whole. The market price for pilots has been in decline everywhere, not only at Cathay. I also disagree with you concerning the actual B package. I think it is a fair package, and we should concentrate our forces keeping it, not risking it all by having unrealistic demands.