EK to Decommission 50%+ of Airbus A380, Axe 1/2 of Pilots & Cabin Crew
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Thanks, 5star....I was beginning to think that folks had missed my point! As has clearly happened in DXB all these years! I even went in to their office to point the error out (oh the irony in that mistake!) but, sadly, the Arab that I spoke to didn’t seem to comprehend the problem....
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Who wants to make a bet that, every single one of the above who is complaining, given the choice will suck on the biggest Arabic toenail just to get his/hers 300k USD per year package in EK back!!
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A TRE inclusive of schooling for 3 kids maybe earned that before the corona...Mind you, now they’re paid 50% for the sims...A regular line captain nowhere near that. Not even close...
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Genuinely curious, what would a regular line captain earn in normal times? Had Corona not come along and ruined us all a regular LCC line captain with bonus would have been looking at close to £140,000, plus pension. Add another 15 if you had any LTC or TRI qualifications. I do genuinely believe the good times will come back although slower than we had hoped.
If there is anything positive that will come out of this it has exposed two myths, seniority is meaningless and the idea of being loyal to a company is complete nonsense, I'll be going to the highest bidder on 5 years and I hope many will be doing the same with their skills.
If there is anything positive that will come out of this it has exposed two myths, seniority is meaningless and the idea of being loyal to a company is complete nonsense, I'll be going to the highest bidder on 5 years and I hope many will be doing the same with their skills.
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I left Emirates as a line captain last year. The effective measure of salary is the amount you can save each month. We lived fairly simply in Dubai and saved around GBP7k pcm for 10 months of the year. The remaining 2 months 'savings' were spent on holidays. Of course, profit share (if any) added to that figure and Covid-19 pay cuts detracted from it. I don't think I could do that in UK on 140k pa gross. But, no pay rise in the years before Covid-19, the introduction of VAT, Covid-19 pay cuts all made Dubai a more and more expensive, diificult and frustrating place to live.
Market forces will always prevail and while we have thousands of highly experienced unemployed pilots looking for any flying position, terms and conditions will continue to head south. I have no idea when that situation will change other than to agree that it will be some time yet. I recently looked at a B777 Captain position in Africa. Eight weeks on, two weeks off, questionnable accommodation and a salary of US$3k pcm. No thank you, but there will be no shortage of applicants.
Market forces will always prevail and while we have thousands of highly experienced unemployed pilots looking for any flying position, terms and conditions will continue to head south. I have no idea when that situation will change other than to agree that it will be some time yet. I recently looked at a B777 Captain position in Africa. Eight weeks on, two weeks off, questionnable accommodation and a salary of US$3k pcm. No thank you, but there will be no shortage of applicants.
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NowThatsFunny
No, but I'm hoping it has opened others eyes. Seniority has been a plague on freedom of movement for decades, hopefully it is now dead apart from a handful of the legacy carriers.
@BANANAS am I reading correctly that as a Captain you were able to save £7000 per month? That seems extremely high but well done you!
No, but I'm hoping it has opened others eyes. Seniority has been a plague on freedom of movement for decades, hopefully it is now dead apart from a handful of the legacy carriers.
@BANANAS am I reading correctly that as a Captain you were able to save £7000 per month? That seems extremely high but well done you!
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felixthecat
We enjoyed our time in Dubai but didn't do Friday brunches, only had the one car (no loan), didn,t have a boat and socialised at each others houses with barbies etc rather than at restaurants. We just saved what we didn't spend (contrary to Warren Buffets advice to spend only what you didn't save) and it averaged out at a fraction over 7k pcm without really having to try.
We enjoyed our time in Dubai but didn't do Friday brunches, only had the one car (no loan), didn,t have a boat and socialised at each others houses with barbies etc rather than at restaurants. We just saved what we didn't spend (contrary to Warren Buffets advice to spend only what you didn't save) and it averaged out at a fraction over 7k pcm without really having to try.
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£7000 savings/month for a captain with a few years in sounds perfectly reasonable to me. I'm thinking that assumes wife/kids, which obviously change the cost structure a bit. I was a single captain at the time and could fairly easily save about 12,000 USD/month on average without a monk's lifestyle. But if you wanted the boat and Ferrari well, yeah, the savings would be harder to accumulate. Then there were a few really uh, unique folks who chose to live in basically a cardboard box in the desert and live like paupers to save even more.
I just chose to live somewhere in the middle between the rockstars and the "vows of poverty" crowd. (The former outnumbered the latter by about 100 to 1, btw.)
I just chose to live somewhere in the middle between the rockstars and the "vows of poverty" crowd. (The former outnumbered the latter by about 100 to 1, btw.)
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Those figures do not include Provident Fund which would be worth another GBP1.5k pcm
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It's quite interesting to see the different levels of optimism across the message boards. I guess I'm a glass-half-empty sort of guy but I can't really see any movement in the job market for pilots for 2-3 years, and even then I would expect airlines to push through some sort of B-scale for new joiners, in an attempt to claw back the billions lost. I think we have a tough few years ahead (relative to what we once had). As long as we all have jobs again I guess that's the first step, and let's hope that happens sooner rather than later. Nice to see some people aren't as negative as me though!
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I am not far off 60 so have, from a financial point of view, come to regard redundancy as early retirement. That said, I do miss the fliying and the people. So if something comes along which would allow me to fly or instruct again I would certainly consider it.
I guess the financial peace of mind comes from being sensible with savings during the quarter of a century that I have been an expat. Not judging those whose first thoughts might be towards a boat and a Ferrari but maybe something just to keep in the back of their minds.
I guess the financial peace of mind comes from being sensible with savings during the quarter of a century that I have been an expat. Not judging those whose first thoughts might be towards a boat and a Ferrari but maybe something just to keep in the back of their minds.
Last edited by BANANASBANANAS; 18th May 2021 at 14:08.
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Based on what logic? That EK managers had no idea what their pilots were paid until it was posted on PPrune? lol
Salaries are based on market dynamics - supply and demand, so a little more rationally: yes, T&C could be under pressure with the current excess of unemployed pilots. But bear in the mind the reason for the glut is an externality, a once in a century global pandemic, and as that eases the pendulum swings the other way. I've been through a few such cycles and no, it isn't "different this time". Extreme and prolonged, yes. But don't let recency bias take hold and think this lasts forever.
From your "you guys" comment you evidently weren't able to take part in the "magnificent savings", better luck in the next boom.
Salaries are based on market dynamics - supply and demand, so a little more rationally: yes, T&C could be under pressure with the current excess of unemployed pilots. But bear in the mind the reason for the glut is an externality, a once in a century global pandemic, and as that eases the pendulum swings the other way. I've been through a few such cycles and no, it isn't "different this time". Extreme and prolonged, yes. But don't let recency bias take hold and think this lasts forever.
From your "you guys" comment you evidently weren't able to take part in the "magnificent savings", better luck in the next boom.