Originally Posted by
Skydreams14
Haha! I just need 106 and 25yrs with no furlough to be winning in my book lol. The comparison is not much more than 15. A 5yr CA leaves at whatever the pay is now. It will take 5yrs to upgrade so he would be at 10yr pay if he didnt leave. The difference between 5yr ca there and 10yr here is minor. In 2.5yrs retirement will be 15% but maybe theres goes to 20% i dont know. If it stay at 16% not much difference there. To make up for drastic pay decrease as a FO for 5yrs i dont think profit sharing does that much. The only thing is i have no clue what profit sharing actually comes out to. I dont want people to chase the shinny carrot. I know like many people that cargo is not the same and pays for lifestyle/rep. To call cargo rates Legacy pay is ridiculous and surprised no one called him out on it lol. A FO leaving makes sense but a CA doesn't and i hope in 2 contracts Fo pay will come close to Legacy so people wont mind being longtime FO's so we can get to +6000 pilots
Completely depends on age. Remember UPS gets 12% direct contribution PLUS pension/defined benefit. The only one that comes close because of their large profit sharing is Delta. No one else can match Fedex or UPS in that sense.
A 45 yr old with 20 years at UPS would walk away with roughly $84k per year for the rest of his life, on top of the 12% he/she had been getting for 20 years. Fedex approximately $100k. Both plans are very well funded. NO ONE can match that, Delta maybe doing some TMV computations.
3 yr Captain at Spirit is roughly $203, 3yr FO at UPS is roughly $192. How much above guarantee can a new Captain on reserve make?
Money is not everything! Some people don’t like cargo, and vice versa. If I were a 4-5 yr Captain at Spirit, at my age I would definitely not leave. QOL for Captains should improve more rapidly at Spirit due to continued growth. UPS Captain movement for a junior guy is VERY SLOW. And don’t think it will accelerate much when we hit peak retirements in 4-5 years.
There is most definitely not a right or wrong answer.