As I've previously suggested, pilot salaries were ripe for a "refresh" and this situation has provided airline management with the ideal excuse to take the axe to Ts&Cs. From an accountant's point of view, it is easy to see why £100k+ salaries are unjustifiable for a role which has an extremely low (academic) bar to entry, has massive oversupply and is highly aspirational. The "new normal" will be captains on train driver salaries (without any of the associated benefits) and first officers either paying to be there or on minimum wage, zero hours contracts. It's no good stomping our feet and pretending that it isn't the case. The salaries we enjoyed three months ago will be comfortably the highest the vast majority of us will ever earn in our careers.