Originally Posted by
forgot to bid
Personally. Band NB together, the average B pilot and I'm going to say a 6 year pilot (halfway to max longevity), should be able to afford a mortgage on a $350K house with 20% down, a typical 6% fixed rate 15 year mortgage (aiming high) being no more than 30% of the pilots post tax budget.
Given tax rates, I believe that puts said pilot right at $130,000.
If we figure a 75 hour cap, you're looking at $145/hr.
Figure FO's make 35% less than Captains then you're looking at $222/hr for a Captain or $270ish if you interpolate the numbers out to a 12 year Captain rate. Seems high but there is a cap and bow wave being figured in.
That's my $.02.
That sounds much better! I agree! I think we should get rid of the aircraft types and just have narrow and wide body categories for pay. 744 for WB and 757 for NB. Company saves on training costs and we don't have pilots chasing plane types for pay.