Make no bones about it - this is a significant pay cut.
This was possibly the most consequential Pay Review in five years.
This step was due from last year, but by not giving 6% today - this is now a 3% pay cut (more with retro of 12 mos).
With VAT we are down 20% + in ten years.
Putting Jump seat, rostering rules, upgrade age etc into the Pay Review adds insult to injury by profoundly underestimating the intelligence of the audience.
It has nothing to do with the Pay Review but by labeling it Pay Review and general enhancements - it actually underscores how poor they know this is - hence the need to throw in the add-ons to soften the blow.
Even in GFC, they made up the following year.
EK pilots just took a pay cut after announcing a $1.1bn profit in an age of a global pilot shortage.
This is bad, very bad.