This does however appear to be an extraordinary uplift in one hit, considering the state of affairs overall. I can’t see it getting better, but could certainly see it decline if we knock it back (again). Lock it in I say.
I think extraordinary might be a bit of an overstatement, it’s basically a 21% increase over 7 years to 2025, 3% per annum with the 2 year pay freeze being nullified by a compliance payment to bring FO wages up to award which basically says it all really. It’s Qantas group wages policy with a bump they had to give otherwise it would never be voted up, with the usual gains and losses in conditions. Certainly not extraordinary, I’d say it’s basically what was expected at a minimum.
If it’s knocked back I’m not sure how it could decline it’s Qantas’s own IR policy that they would have to decline. That’s usual Qantas IR scaremongering, they’ve been doing it since the Dixon days.