Can REX afford a substantial raise...??
Let's do the numbers.....
REX needs to have 250 pilots, 140 of which are Captains and 110 F/O's.
Assume the Captains all get a raise of $20,000 (per annum); that will cost $3,052,000 per year including 9% super.
Assume F/O's all get a raise of $12,000; the cost for that is $1,438,800 including the 9% super.
Total extra costs for this improvement in conditions: $4,490,800
With REX profits around $20 million clearly there is room for this......
With REX transporting around 1,500,000 passengers per annum, the cost per passenger would be almost exactly $3.00 (or a ticket price increase of just over 2%). Haven't even taken the reduction in training effort into account.
You'd think it would be worth it, wouldn't you.....?