My employer, a legacy Australian carrier recently had a guy no-show for a 737 F/O course because he had started at Atlas, and another hold file guy declined a job because of the now poor starting pay. That has caused a lot of welcome discussion at work, and evidence of how weak bargaining has eroded our conditions to the point that we are now a “second choice” job.
The same thing is happening across the street apparently, and quite a few guys are now openly speculating about quitting.
I think Australian airline management will ensure that the well of Australian pilots will never run dry.