If you are a contractor on the new FO contract and you do 700 hours you will be netting 46707 euros on the top rate(78.50). But thats it, no sick pay or security. On average an FO in Ryanair does that amount of hours. However last year I did close to 900 and was on 71.50 per hour which is the medium rate. That worked out at 53k euros take home after paying 15 percent tax. It works for me at the moment but the trouble is for how long?
To sum up. This company is about getting your hours and getting out. Getting a quick command and then heading far east perhaps also.
But IMHO it isnt a career airline anymore. There is simply no stability.