Originally Posted by
daOldMan
The truth is that any new hire FO at PSA will make second year CA pay by the end of their second year right now. Eventually that will stop when hiring slows down. But, before it does slow down, however, first year pay will be raised and there will be a hiring bonus. So, no one will ever truly see the real pay scale.
It seems like PSA pilots played it perfectly. Everyone on property benefited, as did all new hires for the next 2-3 years. After those 2-3 years are up, there will be a new pay scale that will be negotiated because without it, they won't be able to hire any pilots.
I am not sure what second year captain pay is at PSA is without looking, but I would imagine it is about $70/hr. Does anyone at Envoy make $70/hr after being with the company for 18-20 months? And if you already have your captain minimums, you are making $65-$70 your first year.
How exactly is that bringing down the industry?
Because that amount of work would have hit the industry despite PSA's concessions. Once the cheapO operated filled up the flying would have been shifted to higher paying regionals allowing them to attract more pilots with equal growth and a better contract creating problems for the cheapO guys forceing them to pony up rasing he collective cost of feed.
You seem to be taking credit for cheap oil. If the price goes back up the dynamics will change because more RJ's will be parked reducing the effects of a pilot shortage.