If O'leary (pilot hater) does reduce the long term capt/FO's salary then all he will achieve is pushing western pilots away from employment with him. I feel for the guys at ryanair, I really do. Two pals of mine work there one as a capt and the other as an FO, they hate the company and see the only saving grace as decent pay (once they start paying you that is) and high hours so they will be attractive elsewhere. It's another step by bean counters towards degrading our value.
