Yes, when you factor in hidden costs such as access to the terminal car park, security passes, uniforms, staff travel, paid travel to and from sim checks etc.
After all that is taken into consideration, new FOs can expect to see £6500 pa plus sector cheques. And Captains can hope for £40,000 pa plus sector cheques.
We're all incredibly rich and love MOL for it, and letting us keep our jobs.