Originally Posted by
JPJP
Not trying to give you a hard time, but - no
Don’t know about your background, so please forgive me if you already understand how this works.
- Hourly rate $273 * 1100 hours = $300,300.00
- Profit Sharing is 15% of Gross = $45,000.00
Total Gross (without including company retirement contribution) = $ 345,345.00
Total Compensation (with company paid retirement contribution) = $ 400,600.00
In Oz dollars that’s:
$460,137.00, and
$533,759.00
notes
- doesn’t include per diem (allowances)
- The retirement contribution included number isn’t really relevant. Until retirement.
- The total gross is the number you’d see in W2 (group certificate).
- Used 1100 credit hours. It’s about average including training. Some more, some less.
- All numbers are current CBA (EBA).
- Used current 12 year 737 payrate. Since a Qantas A380 CA would have been there considerably longer.
The Qantas A380 numbers were posted by Keg or Isdon earlier.
A very succinct post.
It is not the hourly rate, that is the bait.
The landed cost in seat of crew is what matters (an all in cost)
Australian airlines pay under market.
This is precisely why any gang when things start going wrong blame each other: Dick Smith (irony) blaming regulation, GA blaming the regional airlines, major airlines blaming foreigners. This is part of the mean reversion we have spoken of elsewhere.
They will do everything until necessity dictates they do the right thing
Unions ought be expediting the mean reversion. Australian pilots at major airlines have lost a lot of ground on a like for like comparison.