Originally Posted by
Cujo665
Wrong, if it were simply a hiring wave they’d still be paying new hires $26 an hour. There is a shortage. Hence the significant raises, bonus programs, and 200% and 300% overtime’s. 2006-2013 was a hiring wave, when regionals hired like crazy and 250 hours got you in the door... wages were stagnant. There absolutely is a shortage, initially it was pay and working conditions driven. In just a few years it will become a physical shortage, and globally it will be worse outside the US.
Precisely why several of the ACMI have increased wages well above the LCC’s. An example, Omni has the highest first year rate in the entire 121 industry at $119 per hour. First year pay is above most regional top step CA pay. The top step 767 pay is $297 an hour and is above several legacy rates on the same equipment.
One thing is for sure, it’s a great time to be a pilot.
I hope you're right, believe me. The wage increases have slowed down substantially so perhaps the equilibrium has been reached for the time being.