Originally Posted by
80ktsClamp
That's the equivalent of 272,000. Not as far off from what we make as I thought it would be.
Yeah, but how many hours did he fly? Based on the rates at the time, that seems kinda low.
His rate at the time was at least $158.21 (the 1986 rate). Adjusted for inflation to today, that would be $342.55. Assuming he only averaged 75 hours per month, that would be $308,295 for the year.
Current 767 Captain rate is $219.62. Assuming 87 hours per month (the DALPA stated average for a line holder), it's $229,283.28. Still gotta add profit sharing but it still falls way short of $308K. And his $308K (adjusted to today's dollars) back in 1989 wasn't contingent on how much profit Delta made. And he didn't have to fly anywhere near as many hours. At 87 hours per month, he would have made $357,622 in today's dollars.
At the 87 hour/month level, today's 767 Captain is at a $128K per year PAY CUT in buying power compared to a 767 Captain in the mid to late 1980's.