It's accurate if you consider the ENTIRE compensation package (wages, per diem, signing bonus, benefits) AFTER training is complete. Wages are estimated at $40K (they use about 83 hours/mo), per diem is $5800, signing bonus $7500 (with ATP), and benefits are $6200. However, Year 1 also consists of 3-5 months of training where you get less pay. First month of training is $1600 and systems/sims is paid at MMG. Therefore, your first full year of wages from date of hire will be in the neighborhood of $37K. There's no per diem during training so that's another $1900 lost. So I'd say that actual first year compensation (from date of hire) with a $7500 signing bonus would be more like $54.5K.

Year 2 wages barely move ($41/hour), but you'll gain the per diem and 12 months worth of flying wages. So Year 2 would be around $53K total compensation since there is no bonus.