AA CEO tells pilots the carrier to increase pay to up to $590k a year
cnbc.com
cnbc.com
> An agreement could include 21% pay increases in the first year of the contract, Isom said. Factoring in higher 401(k) contributions by the end of a four-year deal, a captain flying narrow-body planes would make $475,000 at the top of the scale, up $135,000 from current pay, while the most senior captains of wide-body planes would make $590,000 per year, a $170,000 increase from today.
Starting out, doing chartering and tiny regional runs, pilots make terrible money. Like, less than some fast food places. This may have changed recently with the shortage, admittedly, I haven't kept up.
Believe it or not, many pilot instructors also make surprisingly little money.
Apparently, it's one of those careers where you grind with hopes of getting called up to the big guys - the big airlines or delivery companies.
There are ebbs and flows in that. Sometimes there's too many pilots, and you get stuck down. I think we're in a shortage now, which is good for them.
Other world’s airlines are bigger on “ab initio” induction where they hire non-pilots and train them into being pilots on that airline.
"The pizza can feed a family of four."
That used to be an accurate joke, but now even the regionals are starting to have to pay somewhat more competitively and, in many cases, offer 5-figure signing bonuses to join for a multi-year period. If I end up retiring from tech in my mid-50s, I may even go seek an airline job. (I have the 1500 hours already, so I could reasonably quickly walk onto a regional.)
Spend 2 years as a pilot instructor (somewhere) at a paid $17.25-$20 per hour to get your 1500 required hours. Housing? Multi-engine certified for 100hrs gets an $860/mo bonus.
4.5 years as a regional airline pilot: 2 years first officer paid at $90k/yr minimum 2.5+ years as captain paid at $135k minimum (75 hours per month guaranteed for both)
7.5 years total to become a major airline first officer. $74k to $120k per year for first officer minimum pay. Can pick up trips also if available.
13.5 years total to become a captain (6years as a first officer). $285k salary minimum.
20 years total and 6 years of seniority as captain: $337k
66% make it to retirement at 65 due to medical requirements. 36% are able to work at that age as they are considering extending the age to 67 domestically due to a pilot shortage. One carrier tried to reduce hours to 750 to become a regional pilot but that failed.
would it make sense to grind out those hours someplace without the rule?
If a pilot comes in with enough experience, it's a quick process to convert their foreign certs to FAA certs (which usually involves checkrides).
The system overall discourages seeking help for certain conditions. Even seeking help for excessive snoring/sleep apnea could put your medical (and ability to work) at risk.
I can't imagine a good solution myself.
On a similar vein, when Delta finally had to give in and furlough pilots, those pilots were placed on a 30 hour pay status per month with zero flying obligations to Delta and all active pilot benefits (travel, etc). Only 30 hours a month on the paycheck seems like not a lot until you actually add up the hourly pay and realize it's still a healthy $2000-4000 check a month, at the minimum.
But the airlines did lay off too many pilots during COVID.
[1] https://www.faa.gov/data_research/aviation_data_statistics/c...