Originally Posted by
FlyJSH
Say the "average" hourly rate for a pilot is $70 (CA and FOs blended). 75 hours per month is pretty standard guarantee and totals 900 hours per year. IF the company were to pay 150% for every hour over 75, how man hours would that $5400 pay for? 155. That is the extra cost of overtime is $35/hour, $5400/35= 155. If the company only under staffs FOs, it might get twice that many hours. So, for the cost of training one part time FO, the company can drive three current FOs to 1000 hours. (Or in the case of some companies, offer a $5k hiring bonus and get a full time FO.) Where is the benefit to the company?
Not sure I am following your formula right.
Max flight hours being 1000 per year and 100 per month.
Hourly rate is $70 * 75 hours per month = $5250 month.
Overtime rate is $105 * 25 hour per month (max monthly hours) = $2625
Total monthly rate to fly 100 hours plus total over time rate for 25 of those 100 hours = $9625 (70*100 plus 2625)
Then of course all of November and December remain unflyable.