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 :)

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!

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.

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.

The transfer was dead easy until the end of 2022. I have just been issued a UK CAA class 1 medical and I am waiting for the licensing department to catch up. I have never had a UK issued EASA license before Brexit.

Don't blame the EU though.

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.

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.

The profit share goes to all employees who aren't on a bonus or commision contract.

It's shared out based on salary. The higher the salary the higher the share.

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.

There is actually no need with the points based immigration system. With that pretty much every prospective applicant qualifies for a work visa anyway, it is just the airlines that have to spend the 1.500 quid to sponsor, and they will do it in a heartbeat if they need to.

Whatever the case may be, good luck with obtaining a UK CAA License.

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/

Hold your horses. Best to email to check with CAA which criteria you fall into.
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.

I haven't opened the link you posted, but until 31st December 2022 the process was quite simple: apply and pay a fee. Applicable also to those, like me, that have never had a UK license.

I don't know how immigration works in the UK, but I would not be so pessimistic about the ease of work permits issue.