I tend to disagree with the above posts. Everyone is focusing on progression, this is based on false expectation. The progression offered at Jetstar and
VB/VAA in the last 10-15 years is NOT the industry standard. Take QF for example, yes the pay is good after a number of years, however progression is slow. Look at all the major carriers in the USA, very slow progression. Air New Zealand is the same. Virgin does offer progression, however it is now similar to other carriers in respect to time.
Talk about Job security, Virgin has never made anyone redundant. (Pilots anyway) Remember a few years ago when it was all doom and gloom at QF, there were demotions and offers of LWOP to avoid redundancy.
A 737 first officer at VAA with a couple of years service will make in excess of 160k a year with out really trying. Which is not bad. Additionally being a jr pilot does not affect your lifestyle in terms of bidding for a rosters or ALV like a lot of other carriers.
Yes there is a lot of negativity at the moment, which frustrating and does affect your work and home life. However if you go to work, do your job and not get too caught up in the bull**** you will fine.
If you are young and relatively inexperienced, apply for everything and take what you can get. You don't want to be left in the dark when the music stops, which it inevitably will in the future.