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Old 05-13-2020 | 11:23 AM
  #185  
Itsajob
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Originally Posted by tonsterboy5
100 million will cover 100%+ of the payroll for the 6 months of the cares act. Hear me out before you attack me saying no it won’t.
First, 100m/3000 employees= 33,333 per employee for 6 months. FOs at year 2 make 42 an hour for 75 hours which is 18,900 per fo. Captains make 88 an hour at year 10 or 39,600 for the 6 month period. There are a total of 1300 pilots at express jet and assuming a 60/40 CA/FO split that would be 780@39600 or $30,888,000 and 520@18900 or $9,828,000 Which bring the total flight deck income to $40,716,000 for the 6 months. Next is the FAs with 1000 FAs at an average seniority of about 13 years. That would put them at an average of $37 an hour. 37x80=2960 2960x6= $17760 or $17,760,000 for 6 months. This brings the total crew salary for 6 months to $58,476,000 that leaves $42m for remaining 700 employees or $60k for 6 months or 120k a year per person. The math just doesn’t add up unless the ceo is getting a huge bonus after paying everyone thanks to uncle sam
Where do the cost of benefits, and having to match FICA taxes enter your example? There is more to employee cost than just hours times the rate.
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