Increase in Salary for latest Jetstar EBA. All amounts include retention bonus, which is in fact only paid as a lump sum at the one, three and five year anniversaries of the new EBA.
Narrow Body
Junior FO $55,407.26 formerly $71,892.66 a
decrease of 22.9%
(note there is almost nobody in this category)
FO initial 12 months $84,648.42 formerly $84,579.60 an increase of 0.0%
FO after 12 months up to 5th year $92,344.02 formerly $84,579.60 an increase of 9.2%
FO after 5th year $100,039.62 formerly $84,579.60 an increase of 18.3%
(note there is almost nobody in this category)
Captain $153,906.70 formerly $140,966 an increase of 9.2%
Wide Body
Junior FO $63,163.28 formerly $77,643.93 a
decrease of 18.7%
(note there is almost nobody in this category)
FO initial 12 months $96,500.28 formerly $91,345.80 an increase of 5.6%
FO after 12 months up to 5th year $105,272.84 formerly $91,345.80 an increase of 15.2%
FO after 5th year $114,044.34 formerly $91,345.80 an increase of 24.8%
(note there is almost nobody in this category)
Captain $175,454.38 formerly $152,243 an increase of 15.2%
A Junior FO is defined as a pilot who has insufficient experience to qualify for an ATPL. There are very few in this category.
There are very few FOs who have been in Jetstar longer than 5 years.
Command Upgrade
FO after 12 months up to 5th year upgrading to A320 $92,344.02 formerly $105,724.50 a
decrease of 12.7%
FO after 12 months up to 5th year upgrading to A330 $105272.84 formerly $114,182.25 a
decrease of 7.8%
Conclusion
Most Jetstar pilots received a pay rise between 0 and 9% (narrow body) or 5% to 15% (wide body). As there are more FOs than Captains, and more A320 pilots than A330, the overall increase in pay for the entire pilot group, including retention bonus, is probably about 7%.
(Calculated by averaging A320 increase as 5% and A330 increase as 10%, then picking the midpoint between the two and biasing slightly towards the A320 as there are more A320 pilots)
FOs under command training took a significant pay cut.
All pilots are locked into 3% CPI rises for five years. As CPI is forecast to exceed this for at least the next two years this will result in a real decrease in pay over the life of the EBA.
For more information see this thread:
http://www.pprune.org/forums/showthread.php?t=317096