Originally Posted by
Wizofoz
No it doesn't, because if you only fly 56, hours, you still get the 200k.
Similarly, if the pilot on the 56 hr contract flies 75 hrs, they will be paid more!
They're referring to the hourly rate. If Jetstar's agreement were only guaranteed 56 hrs, the base salary would be proportionately less. Increasing the minimum guarantee is a lot easier sell than increasing the rate. I have no idea about Jetstar's pay, but if it is 200k for 75 hrs a month, its hourly rate is 222 per flight hour. Therefore the equivalent agreement with 56 hrs guaranteed would be 150k. The higher min guarantee only works out better if you're in undertime, which I wouldn't bet on at Jetstar.