Originally Posted by
cadetjockey
please see my earlier chart, there were 105 Cathay captains that earned over 4m last year.
So as you are earning 3 times as much as them, please tell us where you are working - if this is a pilot job I’d like to apply!
Your chart doesn't mean anything. Even if its not outright rubbish, it doesn't say what those earnings were from. All manner of shenanigans are practised at cathay regarding paying different people different things under different categories. You won't make 4m/yr on the payscale at cathay. Remember earnings can only be counted on based on minimum guarantee. Cathay minimum guarantee is way lower than the 80~ average out there. Today it's 50. When i dumped cathay it was 35. Thats all. We were all paid 35 hours per month for a couple of years. Today, average captain on 747 fleet flies 50~.This minimum gairantee (called base salary at cathay) number "can be adjusted from time to time, at company's sole discretion." Somepne can be helpful and post a screenshot of this week's payscale and the minimum guarantee amount and we can do the maths to see if it will add up to 4 million HKD/YR.
Or do you seriously suggest one should use a very indirect way via a financial filing document instead of the actual document (this week's version anyway) which will be followed to calculate one's pay? And as we all know, the direct document one's pay is calculated upon, is subject to whatever changes whenever the company wishes.
One would have to be a special kind of delusional to believe cathay won't adjust the min guarantee used to calculate base salary as far down as they want, when they can. How many years will you have wasted having lost the chance and the seniority you could have had at a stable contract job instead of then having to start at the bottom somewhere else after 5, 10, 15 etc years at cathay.