95k in overtime? Somethings got to give there surely?!
Are they paying £100k to Captains to only work 500 hrs ?
The key here is over time. The business model TUI uses is that it is crewed to about 80% of its pilot need which allows pilots to significantly increase their take home pay, should they want to. Some pilots do a lot of overtime, some pilots do a little and some pilots do none. It’s up to them. The company benefit because their overall salary bill is less, by not having to carry so many pilots over the quieter winter months, while effectively employing 20% of it peak pilot requirements by employing contract (company pilots) on a daily rate, without having to also pay pension, NI, LOL, Private Health Care and the numerous other costs associated with employing a pilot. In general it works well.