It is qantas management who are looking ahead at turning their international business from a $200m loss into profitabilty, not the unions. Their 5 year plan is directed at the fastest growing aviation market in the world. All employees will benefit if the expansion is successful by way of pay rises and job security. How can Qantas meet the demands of the unions if their own international business is in jeopordy without any change. The unions need to realise that we live in a global economy now and if they would like QAN to become a global compeititor, change is required. The only other way to turn the international business around would be for the government to make it harder for competitors competing on the qan flights in and out of AUS, which we all know is vertually impossible with the current government.
Qantas management are on the right track and I fully support their move against the unions. Well done AJ!!
QAN Price at posting:
$1.59 Sentiment: Hold Disclosure: Held
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