Just like the pilots voted to end the share save scheme many years back (which they would now be doing very nicely from), in favour of a small cash bump to the headline pay. Now't as stupid as pilots, or as canny as Ryanair, who know full well that is only headline pay that gets a pilots attention, blind to each and every missing part of a normal package (health cover etc). So any bumps in pay inevitably trickle back to the market rate, but with the former benefit now foregone; I even remember when they had a final salary pension!. It is also very tax inefficient to bundle it into taxable pay, as not all of it is a benefit in kind (eg parking, medicals)