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?

9% last year , 5% just announced
very good share options / bonuses

Thanks for this. Was last years 9% awarded in one go, or is that the total of a number of smaller pay rises throughout the year? Can you elaborate more on the share options? 🙏

the 9% was in one go , this 5% was on the rumour mill for a while so nice to see its true !

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

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.

Is the 5% pay rise accounted for in the figures on PPJN or is it a very recent thing? Is it 5% uplift on basic only, or does it also uplift sector pay / time away from base? Thanks.

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.

That’s right - no captains. But FOs yes. Not sure how many though.

Just to clarify though. Was it 9% last year or 6%?

I believe it’s everything

no those are the old figs

No I work for Air India……what a stupid question! :ugh:
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.

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.

I know of 3 captains who’ve made the move. 2 of them are ex Thomas Cook though, so likely to be driven by job security rather than perks.

I know of 3 captains who’ve made the move. Two of them are ex Thomas Cook though, so likely to be driven by job security rather than perks.

Why on earth would you leave TUI for Jet2 for job security?

Most people join Jet2 to be based closer to home.

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.

Done a survey have you?

3 years ago - Covid - no pay rise
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.

So still a real terms pay cut unfortunately.

BoE inflation calculator shows total inflation of 22% from 2019 to now :uhoh:

Sadly everywhere is sub inflation in the UK.

Someone may correct me but I believe it may different to what’s posted above.

2024 - 5.5%
2023 - 9%
2022 - 8% (2 separate increases of 4%)

Once upon a time that was true, it’s changed now.
TUI pilots are now working their notice or have already left to Jet2, Virgin, DHL, even EasyJet this winter and yes a number went last year to Jet2, stayed in the same base they where in with TUI as well.

The company is going in the wrong direction, it’s obvious to anyone who joins in the last 4-5 years. Ts and Cs slashed, pay below that of Jet2s for most towards the bottom of the seniority list. Time to command that mirrors SH BA command now with less pension. But it’s fine if you’re willing to do lots of overtime, have no quality of a family life and be constantly fatigued.

FairPlay to Jet2 they moved into a gap that Thomas cook left and have done a lot very well and they’re growing on that success now. It’s a matter of time before a Jet2 aircraft lands in Florida/Mexico and I’ve a feeling they won’t be targeting BA/VS customers either………

Johnny, I’m pretty certain there were 2 pay rises in 2021. If I remember correctly it was 4% in Apr and another 4% in Oct.

April 2022, a 4% (I think was 4…if not 4, 5 maybe) pay rise took effect.

later that summer a further 4% was given and after summer 2022 a one off £1000 bonus was paid

April 2023, a 9% pay rise took effect.

July 2023, a profit share pot of money, 6% of profits was paid out.

April 2024, a 5.5% payrise is due to take effect.

july 2024, a profit share pot of money, this time 5% of profits is due to be paid out

if you run the numbers, I think LHS salary back when covid initially kicked off was a little shy of 109k basic. When you run those pay rises through it gets you to what will be new basic salary from April 2024 for LHS which is about £136.5k

thank you 🙏

thank you. Very helpful 🙏

Salary not % increase?
 

Hi, shouldn't the question really be about salary, rather than the % increase last and this year? I'd rather have a 2% rise on £150k than 10% on £100k.

So what are the typical captain and SFO salaries at Jet2? and TUI while at it?

I’m not sure a small rise over 150k is worth it tax wise

with my rough maths basics are looking like :

£89000 for SFO (typical flight pay etc is prob around 10-15k ) £100-105k

£135860 for CPT ( roughly the same but probably around 5k more ). £155860

tbh not bad considering the down time in the winter

I have never had 10-15k of flying pay in the RHS at J2. Perhaps if you are in a hugely busy base and flat out but it still seems optimistic to be honest.

That said, between flying/sector pay PLUS profit share then the total 100-105k probably is about right for SFO

It's not all about money (and frankly all the locos pay within a few grand of reach other, plus winter rosters that apparently are still usually filled up to minimum days off with standbys, so that benefit is debatable. Plus uniforms that look like they were sourced from a party fancy dress shop). Described to me as a very very odd company, and not in a good way; She thought highly of the pilot side, but support from the other teams/mini fiefdoms (CC, ground etc) dependant on whether they feel like it or not, and only accountable upwards to management at HQ, and not within base, hence weird infighting and occasional lack of cooperation. If an airline feels the need to plaster "friendly low fares" on its planes, (crocodile smiles abound) and when "work as one team" is described as working less as one team than any other she had encountered, one has to wonder....

So has the Jet2 bonus been reduced for this coming/future year(s)?

what’s wrong with “ friendly low fares “? Seems they are trying to to distance themselves from the opposition - unfriendly low fares and the clockwork orange .

I’m impressed with their TCs and the way they’ve built the business - I remember channex when it had a handful of F27s - they’ve come a long way

It was initially set at 5%, last year they upped it to 6%, this year it's 5 again.

So, no.

5% is a rubbish deal.

5% of half a billion isn't "rubbish".

Half a billion Zim$$s??

:p

According to Jet2 management and willingly slurped up by the workforce and a select few obsessives on here, yes.

In the real world, no.

Unfortunately you can’t hide from the facts , I hope TUI remain and continue to stick around as it’s good to have some competition!

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Okay, so this is just a rough approximation for skippers in 2024 assuming about 700 hours per year (so only relevant to 737 crews as the 757 and Bus are very quiet at the moment):
Basic £137,000+Fight Pay £10,000+Pension £13,700+Bonus £10,000
= Line Skipper package c.£170

+LTC / TRI adjustment c.£20k
= LTC or TRI package£190k

+TRE adjustment £30k
= TRE package c.£200k

Trainers work very hard. Plan accordingly.

Line skippers work hard for 4-6 months, then relatively quiet over winter.