Management know the answer to the problem yet they choose not to make use of it. As yours truly said several posts back, the adjusted figure for a narrow body captain should be in the vicinity of $460k. The very future of the airline is in question if, or rather when they park brand new airframes due to low pilot numbers.
On another note, I believe IR have chosen not to engage in any good faith negotiations to date, despite orders to do so. The AFAP have made a concerted effort to bring this to an end in such a way that benefits both the company and the pilots, but have been met with the predictable hubris. An eleventh hour deal is quickly becoming the only option if the timeframe ordered by the FWC is to be honoured. It would appear Emperor Nero has had a second coming.