Keg wrote, in 4202:
" Firstly, any RIN from the 744 will likely create a maximum of about five subsequent training pathways.... Perhaps less depending on who goes where in subsequent fleets. If we allow $50K a go, that's $250K. Add on the CR component for the S/O that is going to get the chop and you're looking at somewhere in the vicinity of $300K. I'll be generous and allow &350K. One year pay for a 744 driver is probably circa $300K. So financially, it's a line ball call as to whether Qantas is better off dealing with the training costs or offering any more than $350K. They're certainly not going to offer $600K which is roughly two years pay. "
Let's have a deeper look at the assumptions here:
A 747 captain displaces a 330 captain. The course takes four months, during which he is paid $100,000 plus two weeks vacation and super, so more like $120,000. The instructor and simulator time likely eats up another $30,000 for a total of $150,000.
The 330 captain he displaces bids A380 F/O (the next highest paying job), with a similar result. Call it $140,000
The displaced A380 F/O displaces either a 747 or 330 F/O. Same assumptions, the wages are maybe $90,000 + shared training of $30,000 = $120,000
So thats $410,000 so far. Next come two rounds of S/O shuffle at a minimum of $80,000 each, followed by a CR of an S/O with seven years service, which is 23 weeks pay...say $50,000.
Add the later cost of another cost of $60,000 when you re-hire the junior S/O down the road, plus his lifetime bitterness.
My napkin says the whole thing amounts to over $620,000 now and another $60,000 later. And an enormous amount of effort.
Anyway...They have painted themselves into a corner over the years because of stupid ideology: hiring like crazy for one venture while carrying more and more surplus crews elsewhere.