economic reality
I am certainly not qualified to comment on your rostering concerns, but your comments on pay and pension I think are misplaced. Only a union airline employee would complain about no pay raises in two years. You still have a job, which many employees in non-union jobs in other industries do not.
I realize that you cannot acertain Monarch's financial condition, but do you really think that high load factors mean profits right now? I know you are smarter than that. The airline biz is going through a meaningful transition, and even charter operators are not immune from the upheaval. Costs are more important than they ever have been and pilots alone are 10-15% of the industry's cost burden.
Pay- and service-dependent pensions are going by the wayside. They are simply too expensive now that people are living longer. Retire at 55 or 60 depending on your country, and draw a large cheque for another 15 or 20 years or more. It's very hard to generate enough of a return on your small personal contribution to fund this expense. How about saving money, living in a smaller house, etc., to fund your retirement like most other folks who do not have pensions? I know you charter guys don't make the same pay as you would at the majors, but it's still a tad better than the average university grad, I dare say.
There is surplus of pilots globally, so if you don't like the pay and benefits at Monarch, you can be replaced easily and you can go work somewhere else or change to a different industry. Crying about no pay raises in this environment I think is insulting to those of us who do track financials of this industry and see how painfully sticky pilots wages and benefits are. You don't know how good you have it -- enjoy it while you can, because it is not sustainable.