Originally Posted by
hockeypilot44
How much is pilot payroll per year? What percentage would you have to cut it for the company to break even? 3000 pilots at 300,000 per year is $900 million. Cut your pay by 50 percent, company saves $450 million. Is that enough? Would you really be willing to cut your pay by 50 percent knowing it’s a stop gap? If you get downgraded, it will be even worse. Can you afford to be a first officer making 30 percent of what you currently make? All to save 10 years seniority. At a certain point, it doesn’t make sense anymore. Just start over at a legacy and accept that maybe Spirit wasn’t the best airline to bet a career on.
It’s a bad situation to be in. I’ve said this before. I hope if works out.
Total wages (all employees not just pilots) on the report were $367M, with a net loss of $245M. A 50% paycut (all employees, not just pilots) would be $183.5M and still result in a net loss of $61.5M. They would need a lot more than labor concessions to turn things around.