Originally Posted by
flynavyj
I was doing some "fuzzy" math, using all pilots on 6th year pay, and theoretical numbers of 10 pilots per plane and I calculated a total compensation cost to the company of $10.5 Million / year. This was based on 1200 hours of credit time/year. If that was the case, the company could double pilot compensation, essentially becoming the best paid regional airlines in the business and it would cost them $10.5 Million out of their $138 million annual profits?
Essentially, the company nets $128 million in profits, you instantly have the happiest pilot workforce in the regional industry, and people start banging on your door for the opportunity to make $32,000 / year starting salary flying around in a Beech 1900...sounds kind of like a win/win. Might even provide some major healing for the airline industry, or at least a step in the right direction.
PS - my math could be off, and I might not be thinking of the term "profits" correctly with regards to the $138 million.
The $138M is total revenue. Their profits are less than $1.5M.