PPRuNe Forums - View Single Post - Oz Based Cathay FO's
View Single Post
Old 17th Dec 2007, 00:09
  #31 (permalink)  
OhSpareMe
 
Join Date: Nov 2005
Location: Sydney
Posts: 133
Received 0 Likes on 0 Posts
OK, the basic salary is as follows.
You are paid:
either the credited hours for the bid period, or Min Guarantee whichever is greater.
Divisor credit hours for the Airbus are currently at 160hrs per bid period. Min Guarantee is 151 hrs per BP.
There are 6.5 bid periods in a year. As an example, using the Year 10 A330 FO hourly rate of $134.81 and working on the basis that you are a pattern line holder accruing 160 hrs per bid period this would see the following:
6.5 x 160 = 1040 hrs + 6 x Training days at 5.5hrs = 33 hrs.
Total 1073 hrs x 134.81 = $144, 651.

Add a further $3258 for Tech Crew Reimbursement (never been able to figure out what this is about - but I will gladly accept it anyway!)
Sub-Total $147,909.

Add another 18-20 K for DTA and meal allowances (which are largely tax free) you would come up with about 167K.

This does not include super, whether it be the Division 3 Defined Benefit Scheme (now closed to new entrants) or the Division 6 Contribution Scheme. Superannuation salary is based on 132 hrs per BP.

Now I stress that these are credit hours - not stick hours. We get a minimum daily credit of 5hrs30mins for each day at work Example: Flight to Brisbane - overnight - home to Sydney is 11 hrs pay even if stick time is about 3 hrs.
Raise the divisor = more hours = more pay. A330 is on 160 hr division whereas 744 usually on 175hrs and sometimes greater.

The above does not include Overtime which starts accruing after 12 hrs duty time (very significant on the 744 - a SYD-LAX-SYD sector usually adds 8hrs OT). Not a lot of OT on the Bus, usually only on the Mumbai flights and the soon to be commenced AKL-LAX-AKL.

Want to know about 744 SO's? 3 year rate (as an example) is $89.25. Apply that to a divisor of 175 hrs per BP, add the 18-20K in allowances and probably around 6-8 in OT.

Want to know about A330 SO's? 3 year rate is $84.96. Use 160 hrs per BP as a guid. Allowances similar. Not much OT to add.

The difficulty is that the we are not paid a straight salary. We are paid wages for hours worked. Therefore it can be difficult to do a straight comparison with another carrier.

Clear?

Last edited by OhSpareMe; 17th Dec 2007 at 00:20.
OhSpareMe is offline