Easyjet Madness
Just for info, under the latest pay deal for easyJet pilots in the UK, there is a 17% increase in all pay dating back to Apr 2024. It is a 3-year deal with next Apr getting RPI + 2% and the subsequent Apr getting RPI + 1%. It means that the total package for a 10-year captain will end up around £200k. It is not exactly the stuff of poverty, but listening to some of our captains you could have been forgiven for believing we had just been robbed at gunpoint.
It means the basic salary for a UK captain from Apr 24 is £137,513 with the company paying a further 7% into your pension (£9,625). All the rest is made up Sector Pay (around £40/sector and flying approx 460 sectors a year - £18,400) and loyalty pay of 15% after 10 years’ service (£20.627 taxable), paid annually in a lump sum. Not included is the occasional 5% profit-related bonus (which looks likely this year). Also they throw £3,000 worth of easyJet shares at you most years (not during Covid surprisingly enough).
It means the basic salary for a UK captain from Apr 24 is £137,513 with the company paying a further 7% into your pension (£9,625). All the rest is made up Sector Pay (around £40/sector and flying approx 460 sectors a year - £18,400) and loyalty pay of 15% after 10 years’ service (£20.627 taxable), paid annually in a lump sum. Not included is the occasional 5% profit-related bonus (which looks likely this year). Also they throw £3,000 worth of easyJet shares at you most years (not during Covid surprisingly enough).
So anyone about to retire who develops Stockholm Syndrome probably isn’t worth paying a huge about of time to in terms of opinion… but the facts are there
P.S. that’s my way of saying we are underpaid
The Count has his (/her) figures correct but for balance and context his (/her/they etc.) comment about “robbed at gunpoint” is exactly that - their comment. There are various percentages flying around from various ballots over the last few months, but there is a very large percentage who would say that being paid less now in real terms for doing an arguably harder and more safety critical job is worth actually fighting for in terms of pay RESTORATION.
So anyone about to retire who develops Stockholm Syndrome probably isn’t worth paying a huge about of time to in terms of opinion… but the facts are there
P.S. that’s my way of saying we are underpaid
So anyone about to retire who develops Stockholm Syndrome probably isn’t worth paying a huge about of time to in terms of opinion… but the facts are there
P.S. that’s my way of saying we are underpaid
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