End of FY2016-17

[fliion]

Pay raise.

To put it in historical perspective - Pay increases /bonus since 2000.

I have combined step or lack thereof in the increase number and called it an increase for simplicity (yes I know step is not an increase)

I do not have profit share or Edu support allowance numbers from 2000-2007.
2000-2007 numbers were provided by a colleague

Month/ Year

05/00
3%
05/01
5%
05/02
6%
05/03
3%
05/04
5%
05/05
11%
05/06
10%
05/07
9%


Pay raise/profit share/Edu/housing since May 2008
05/08
12% 14 wks
05/09
0% 0 wks - GF Crisis (OT thresh 78-92)
05/10
6% 3wks
05/11 (edu fund 32-40/54-60)
8% 12wks
05/12
3%
05/13 (edu fund 40-42/60-63)
3.5%
05/14 (staff travel erosion)
3% 3wks (edu 42-46/63-70)
housing up to16075pm for CAPTs
05/15
3% 9wks (edu 46-47.5/70-72.5)
OT thresh 88h
05/16
3% 5wks (Steps + for Snr Capts, flying pay +,ground pay, sim pay)

2016/17 target 7.2bn (Live out cancelled / level 2 pay scales intro)
(1st half 1.3 achieved)

I expect annual profit # of around 2.5-2.8bn for group.

Pay raise ? Well if it's not significant- we are reminded once again that they don't get it. I doubt I'll be surprised.

But what's most depressing is that we took a 15% pay cut due OT ^ in 2009. Since then we have had a 0.5% increase in pay. Even if you take the OT 92 to 88hrs as a 4% pay raise - our salaries are down 10.5% since 2009 if you generously assume that inflation is avg fixed is 3% (*note the 6% in 2010 - 3% of that not considered a raise as it covered the 0 step owed from 2009)

And that ladies and gents is an absolute f+*#%+^g disgrace. I haven't even figured days off reduction into the equation

TICH and higher up better wake up - and understand that the above is not negative spin - it is what it is.

And if it doesn't change in the face of VAT - attrition will increase even more.