Originally Posted by
FrontSeat
What the F are you smoking?
you are living in fantasy land......
I don't think so. Here is an example.
The following is a snapshot of one of those in the bottom 300.
I have 5 children at home with the oldest one starting college next year. There are no airlines hiring in the USA. There is no airline job or any kind of flying job I can just go get. If there is, please let me know. It probably doesn't matter anyway as there would be thousands of other unemployed pilots applying for the same job. I have no skills to find a non-paying job. I live where the unemployment rate is the highest in the nation. My wife got a job flipping burgers at McDonalds to try to increase our savings account if UPS furloughs because I can't increase my income while on an RDG. I will literally have to follow her in working at McDonalds.
Are all furloughed in the same situation? Probably not. An age distribution of the bottom 300 shows that members range from 29 to 56 years of age. We have no data regarding an individual's financial situation or his opportunities while on furlough.
Within these 300 there are certainly a wide range of situations. For example, some members will have access to income and benefits from second jobs or spousal employment, some will have extended or significant military pay and benefits, and some will have family help or personal savings. Many of these will need no outside help to weather a furlough. A few may have very expensive lifestyles that could be eliminated. Moreover, the age and family situation of those furloughed varies widely. Some are very young with no family, while others are in the situation described above.
Let's take a closer look at the member's situation described above. The member is a 4th year FO and 39 years of age. For demonstration purposes, let's assume a 3-year furlough, 10 years thereafter as an FO and the final 12 years as CPT until age 65. (This would put the FO to CPT upgrade during the 14th year of service, or the 17th year if a 3-year furlough is added.) At current pay rates, total pay over next 25 years would be almost $ 4½ million plus over $ ½ million in B-plan payments. If you take the total compensation of over 5 million divided by 25 years (which includes a 3-year furlough), that comes to just over a $200,000 per year average. This amount is in current dollars, and does not take into account future increases. It also is a fairly conservative estimate of time to upgrade and the length of furlough. A less conservative estimate would yield better results.