Originally Posted by
dhc8guru
Ok yeah, me saying $250k is an overboard statement. But $180k seems pretty common for private through CFI.
Only if coupled with a year degree at a Part 141. One can get their ratings for less than $90k and get college with less than $30k.
Originally Posted by
dhc8guru
Anyone who has been told that there are airline pilots make $600k a year and believes them is very naive.
Quoted
"The U.S. Bureau of Labor Statistics reports that the average salary of a Commercial Pilot is $77,200 per year. The lowest-paid 10 percent of Commercial Pilots earn $39,430, while the highest-paid 10 percent earn more than $147,240 annually."
I don't think anyone is making $600k/yr and I can tell you those government stats are bogus or outdated.
Originally Posted by
dhc8guru
The monthly payment on a 10 year $180k school loan is almost $2000 a month. Try making that payment making $39000 a year.
Anyone who does a 10 year loan for that amount of money is an idiot.
Originally Posted by
dhc8guru
The market tells us that people are crunching the numbers, looking at ROI and overall quality of life and that's part of why there is shortage.
Beyond that the history
shows us the airlines making a bad name for themselves with extreme low pay. I remember when most regionals paid $12k a year for first year FO's.
Personally I think most of the problem is a general lack of interest in making a career in aviation.
Yes the market is a lot better with starting salaries closing in on $60-$70k.
The problem is the initial cost of training, and the nearly nonexistent pay to get to 1500 hours, not the first year pay at a 121 carrier.