Jet2 pay rises
Thread Starter
Joined: May 2003
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From: UK
Jet2 pay rises
Jet2 have huge and aggressive expansion plans, coming from fairly humble beginnings to now a major threat and competitor to Tui. So much so, that Tui is actually loosing pilots to Jet2 - a situation unthinkable just a few years ago!
What have Jet2 pay rises been like over the past few years?
What have Jet2 pay rises been like over the past few years?
Joined: Aug 2023
Posts: 47
Likes: 1
From: London
Jet2 have huge and aggressive expansion plans, coming from fairly humble beginnings to now a major threat and competitor to Tui. So much so, that Tui is actually loosing pilots to Jet2 - a situation unthinkable just a few years ago!
What have Jet2 pay rises been like over the past few years?
What have Jet2 pay rises been like over the past few years?
very good share options / bonuses
Thread Starter
Joined: May 2003
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From: UK
Joined: Aug 2023
Posts: 47
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From: London
Share option I don’t really understand, I’m sure someone can elaborate, but something like 5% of profit …..
I don’t have access to the email at the moment
Joined: Mar 2011
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From: On the clouds
So it was 6% last year and is likely to be 5% this year.
However, you are not automatically eligible for it. I think you have to do a year, which makes sense.
You say tui pilots are coming to Jet2. I’ve seen a couple of FOs……never seen any Captains. I would argue that historically more FOs have gone to Tui than vice versa.
However, you are not automatically eligible for it. I think you have to do a year, which makes sense.
You say tui pilots are coming to Jet2. I’ve seen a couple of FOs……never seen any Captains. I would argue that historically more FOs have gone to Tui than vice versa.
Joined: Aug 2023
Posts: 47
Likes: 1
From: London
So it was 6% last year and is likely to be 5% this year.
However, you are not automatically eligible for it. I think you have to do a year, which makes sense.
You say tui pilots are coming to Jet2. I’ve seen a couple of FOs……never seen any Captains. I would argue that historically more FOs have gone to Tui than vice versa.
However, you are not automatically eligible for it. I think you have to do a year, which makes sense.
You say tui pilots are coming to Jet2. I’ve seen a couple of FOs……never seen any Captains. I would argue that historically more FOs have gone to Tui than vice versa.
Im sorry that is wrong , do you work for Jet2 ?
9% April this year , 5% April next year ( it’s confirmed)
you would be utterly mad to leave Jet2 for TUI
Yes many years ago when I was sat in my 777 in the flag carrier’s colours I used to think Jet2 looked a bit W*nk but now they are a major player.
Thread Starter
Joined: May 2003
Posts: 441
Likes: 1
From: UK
So it was 6% last year and is likely to be 5% this year.
However, you are not automatically eligible for it. I think you have to do a year, which makes sense.
You say tui pilots are coming to Jet2. I’ve seen a couple of FOs……never seen any Captains. I would argue that historically more FOs have gone to Tui than vice versa.
However, you are not automatically eligible for it. I think you have to do a year, which makes sense.
You say tui pilots are coming to Jet2. I’ve seen a couple of FOs……never seen any Captains. I would argue that historically more FOs have gone to Tui than vice versa.
Just to clarify though. Was it 9% last year or 6%?
Joined: Aug 2023
Posts: 47
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From: London
Joined: Mar 2011
Posts: 33
Likes: 0
From: On the clouds
Im sorry that is wrong , do you work for Jet2 ?
9% April this year , 5% April next year ( it’s confirmed)
you would be utterly mad to leave Jet2 for TUI
Yes many years ago when I was sat in my 777 in the flag carrier’s colours I used to think Jet2 looked a bit W*nk but now they are a major player.
9% April this year , 5% April next year ( it’s confirmed)
you would be utterly mad to leave Jet2 for TUI
Yes many years ago when I was sat in my 777 in the flag carrier’s colours I used to think Jet2 looked a bit W*nk but now they are a major player.
I was talking about the bonus. It was 6% FY22-23. For FY 23-24 it will likely be 5%…….its a discretionary bonus so not guaranteed. All being well and no big black swan event then it should be paid.
Thread Starter
Joined: May 2003
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From: UK
Is it possible to get the actual pay rises/increase with the dates over say, the last 3 years? I only ask because getting an accurate response is important to building the correct picture. There is a perception in TUI that Jet2 have had significant increases to remuneration over this time frame and the gulf between the remuneration between the two carriers has significantly reduced. But unfortunately this may not be correct. I wish it was.
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From: Location, Location
Joined: Oct 2007
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From: Location, Location
Joined: Sep 2006
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From: Out of a bag
It’s not share options in the traditional sense. It’s a share save scheme. You can save up to £500 per month (taken from post tax salary) over three years then have an option to buy shares at the price set at the start of the scheme. For instance, someone who started in the first issue in 2022 had an option price of 766p. Current share value is 1280p.
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From: In your head.
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From: Either the back of a sim, or wherever Crewing send me.
Is it possible to get the actual pay rises/increase with the dates over say, the last 3 years?
2 years ago - Covid - no pay rise
1 year ago - 9% all in one go
This years pay rise will be 5.5% all in one go
Additionally there is a profit share scheme. Last year it was 6% of the profit shared out between all employees.
There is also a share save scheme giving you an opportunity to opt in and save upto £500 per month for a 3 year period. When the 3 years is up you use the money saved to purchase shares at a price set at the start of the saving scheme.
