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Old 1st Aug 2022, 05:28
  #16 (permalink)  
Ollie Onion
 
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You also have to remember the market is totally different to when those gold plated salaries were the norm. Many less people used to fly and when they did they paid a premium for it. Regulation ensured National Airlines had a monopoly on the gold palted money making routes and the number of pilots employed on the massive salaries were far fewer. Meeting an Airline Captain was rare. Now days the market has changed, passengers are plentiful but only because the low cost model has changes the game, margins are tight and the sale of onboard items like muffins make up viable cash flows for the airline. Salaries are lower but there are many more jobs for pilots. I went overseas in the 90’s as at that stage Air NZ had over 3000 CV’s on file with appropriately qualified pilots and were recruiting 20 ish per year. The fact is many did go overseas leading to a massive cohort who did enjoy good money making conditions and can afford to come back and work for less further dampening the ‘shortage’ that may or may not exist. Gold plated contracts are gone and only a massive shift in the travel habits of people will bring them back. The likes of Jetstar, Virgin, Jetconnect etc will NEVER pay those numbers.
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