jet2 9% pay rise plus 6% profit share!
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Joined: Aug 2004
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From: europe
jet2 9% pay rise plus 6% profit share!
Last year Jet2 increased pay significantly for pilots, now just announced from april another 9% pay increase (including sector pay and function pay), plus 6% profit share bonus confirmed. Excellent news! The company made significant profits last year post covid, nice to see this is being shared 
Joined: May 2001
Posts: 1,909
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From: England
A boy can dream but I hope this is the beginning of an era in British aviation where an airline can wipe out it's competition just by paying staff more and attracting talent thereby forcing the competition to park their planes. Wizz, Lauda and even BA EF haven't got a leg to stand on now have they? It is already happening in the US where the lowest paying companies are being forced to scale back operations, and may well happen in the UK as the availability of qualified pilots with UK work rights dries up. Watch this space carefully!
Joined: Nov 2005
Aviation Qualifications: ATPL
Posts: 1,723
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From: The North
A boy can dream but I hope this is the beginning of an era in British aviation where an airline can wipe out it's competition just by paying staff more and attracting talent thereby forcing the competition to park their planes. Wizz, Lauda and even BA EF haven't got a leg to stand on now have they? It is already happening in the US where the lowest paying companies are being forced to scale back operations, and may well happen in the UK as the availability of qualified pilots with UK work rights dries up. Watch this space carefully!
This ain’t the US, sadly.
Joined: Nov 2018
Posts: 408
Likes: 1
From: Bonvoy Marriott
At the moment tourism is booming. No matter the price people seem to book it. If, when, there will be a recession it might be completely different?
Am I right to understand that 6% of the profits before taxes are divided under all employees? If so may I ask what is the approximate amount per employee? Was there a profit share before? Nice to see that Jet2 is valuing its employees.
Am I right to understand that 6% of the profits before taxes are divided under all employees? If so may I ask what is the approximate amount per employee? Was there a profit share before? Nice to see that Jet2 is valuing its employees.
Joined: Apr 2022
Posts: 287
Likes: 45
From: Italy
As soon as it starts to hit operations, the bigger airlines will go cap in hand to the Government, who’ll lower the already fairly low bar for work visas and push the CAA into accepting EASA licenses (or at least make the transfers dead easy) even without any reciprocity.
This ain’t the US, sadly.
This ain’t the US, sadly.
Don't blame the EU though.
Joined: Apr 2010
Posts: 338
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From: London
I am hearing that scale back operations are already looked at in one if not two UK operations so it is happening. The number of recruitment advertisements should also help to prove that the favour is now to the benefit of the employee in general term and not the employer and so they (employer) will need to adapt to market forces to ensure their long term survival. Jet2 is a great example of an employer with excellent management who can adapt and realises the importance of looking after its staff and that this directly affects the business model with future viability/profitability. For this they are (IMO) to be commended I would say. I know Jet2 worries a lot of UK airlines because it has the opportunity to strip many companies of it's staff because of far superior employment opportunities and terms/conditions. Other airlines must now adapt to survive or become extinct.
For people and especially since the pandemic holidays will (IMO) remain and still be an annual feature and I think that people will sacrifice energy, bills and other such things to take these holidays and - recession? I think likely nowhere near as bad as the press would like to have the people think.
For people and especially since the pandemic holidays will (IMO) remain and still be an annual feature and I think that people will sacrifice energy, bills and other such things to take these holidays and - recession? I think likely nowhere near as bad as the press would like to have the people think.
Joined: Aug 2001
Aviation Qualifications: Spotter
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From: se england
Could this possibly be because the boss of Jet2 comes from Oldham , went to a comprehensive and left at 16 and joined a travel agency working his way up and around the industry to become the CEO of Jet 2, No MBA, though he is a chartered company secretary , No posh university, no management consultants and thus has learned that employees are not human resources but people.
Gender Faculty Specialist
Joined: Mar 2002
Aviation Qualifications: ATPL
Posts: 2,325
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From: In your head.
At the moment tourism is booming. No matter the price people seem to book it. If, when, there will be a recession it might be completely different?
Am I right to understand that 6% of the profits before taxes are divided under all employees? If so may I ask what is the approximate amount per employee? Was there a profit share before? Nice to see that Jet2 is valuing its employees.
Am I right to understand that 6% of the profits before taxes are divided under all employees? If so may I ask what is the approximate amount per employee? Was there a profit share before? Nice to see that Jet2 is valuing its employees.
It's shared out based on salary. The higher the salary the higher the share.
Joined: Dec 2020
Posts: 140
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From: AUS
It’s all supply and demand. Right now the supply for U.K. airlines is far below the demand. Especially experienced folk.
Once this demand reaches critical they’ll go running to the CAA and will be forced to issue work visas which keeps operations going. Supply and demand balances again!
The issue is that EASA will NEVER reciprocate that deal for U.K. passport holders so in the long run the U.K. pilots will be disadvantaged.
This “shortage” of U.K. Pilots is a very short term problem I suspect.
Once this demand reaches critical they’ll go running to the CAA and will be forced to issue work visas which keeps operations going. Supply and demand balances again!
The issue is that EASA will NEVER reciprocate that deal for U.K. passport holders so in the long run the U.K. pilots will be disadvantaged.
This “shortage” of U.K. Pilots is a very short term problem I suspect.
Joined: Mar 2001
Posts: 4,563
Likes: 35
From: I wouldn't know.
It’s all supply and demand. Right now the supply for U.K. airlines is far below the demand. Especially experienced folk.
Once this demand reaches critical they’ll go running to the CAA and will be forced to issue work visas which keeps operations going. Supply and demand balances again!
The issue is that EASA will NEVER reciprocate that deal for U.K. passport holders so in the long run the U.K. pilots will be disadvantaged.
This “shortage” of U.K. Pilots is a very short term problem I suspect.
Once this demand reaches critical they’ll go running to the CAA and will be forced to issue work visas which keeps operations going. Supply and demand balances again!
The issue is that EASA will NEVER reciprocate that deal for U.K. passport holders so in the long run the U.K. pilots will be disadvantaged.
This “shortage” of U.K. Pilots is a very short term problem I suspect.
Joined: Nov 2005
Aviation Qualifications: ATPL
Posts: 1,723
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From: The North
https://www.caa.co.uk/commercial-ind...-january-2023/
Joined: Jan 2010
Posts: 250
Likes: 14
From: UK
Doesn't seem that hard. If I'm reading the below right, to transfer an EASA ATPL across then as long as your last IR wasn't more than 7 years ago your exams carry over and you just need the UK skills test. So there we are, already a lopsided system for both work permits and license transfers which means it's much easier for EU nationals to come to the UK than the reverse.
https://www.caa.co.uk/commercial-ind...-january-2023/
https://www.caa.co.uk/commercial-ind...-january-2023/
Did you read all the routes in that link?
FYI. Wait time on that email is over a month. Not me but a guy on my TR got told he would have to do 14 exams for Uk ATPL or wait until he has EASA unfrozen ATPL, still think he has to do the exams even then.
I went through the process of gaining an EASA to go along with my UK license in 2021. Expensive and time consuming at the time. Seems even more difficult now.
Joined: Apr 2022
Posts: 287
Likes: 45
From: Italy
Doesn't seem that hard. If I'm reading the below right, to transfer an EASA ATPL across then as long as your last IR wasn't more than 7 years ago your exams carry over and you just need the UK skills test. So there we are, already a lopsided system for both work permits and license transfers which means it's much easier for EU nationals to come to the UK than the reverse.
https://www.caa.co.uk/commercial-ind...-january-2023/
https://www.caa.co.uk/commercial-ind...-january-2023/
I don't know how immigration works in the UK, but I would not be so pessimistic about the ease of work permits issue.
