FOK,
If you're a Brookfield guy on a floating base contract (5 on/5 off) then you make an additional 20 euros per schedule block hour. Therefore 900 hours per year multiplied by 105 euros. 94500 divided by 1.44 is 67500 per annum. If that co pilot is also a sim instructor, there is an allowance paid to take potential earnings up to £70k.
BUT, the contractor has to pay for hotac, meals, uniform, loss of licence, medical, loss of income insurance, pension, recurrent training etc, infact everything. So although there is the POTENTIAL to earn up to £70k, you're living out of a suitcase every five days and paying for hotac out of your own pocket which will considerably reduce your take home amount.
In my one "season" with Ryanair, I flew 885 hrs. The potential to earn what they advertise does exist but the reality is maybe two or three co pilots company wide have ever earned it!!