Alaska Air Hiring
10-17-2015 | 09:59 AM
#1171
Works Every Weekend
Joined: Apr 2006
Posts: 1,210
Likes: 0
Our 2005 paycut was to the tune of 100m. They are rolling in cash. But your doubts are valid.
If the top 7 airlines really do have trouble staffing the flight decks then anythings possible. I'd like to see Delta and other industry leaders demand the return of pensions. They are a "quiet" way to boost compensation.
If the top 7 airlines really do have trouble staffing the flight decks then anythings possible. I'd like to see Delta and other industry leaders demand the return of pensions. They are a "quiet" way to boost compensation.
I'm a young guy, and based on what I've seen in the last 10-15 years... I'd rather have a 401k funded by the company than a pension that can get screwed up by a bankruptcy.
If they're giving me the money either up front (401k) or later (pension), why do you prefer the pension option? I'm not trying to be a moron, I'm just maybe ignorant of the potential advantages of a pension plan.
10-17-2015 | 10:06 AM
#1172
New boss = Old boss
Joined: Mar 2005
Posts: 2,763
Likes: 1
From: Ca B737
So... serious question here.
I'm a young guy, and based on what I've seen in the last 10-15 years... I'd rather have a 401k funded by the company than a pension that can get screwed up by a bankruptcy.
If they're giving me the money either up front (401k) or later (pension), why do you prefer the pension option? I'm not trying to be a moron, I'm just maybe ignorant of the potential advantages of a pension plan.
I'm a young guy, and based on what I've seen in the last 10-15 years... I'd rather have a 401k funded by the company than a pension that can get screwed up by a bankruptcy.
If they're giving me the money either up front (401k) or later (pension), why do you prefer the pension option? I'm not trying to be a moron, I'm just maybe ignorant of the potential advantages of a pension plan.
My current plan pays me 10% to my 401k and a 40% final average earnings pension. Not generous by comparison to the old days. But I'm glad to have a diversified retirement plan.
10-17-2015 | 11:04 AM
#1173
Gets Weekends Off
Joined: Jun 2014
Posts: 679
Likes: 0
So... serious question here.
I'm a young guy, and based on what I've seen in the last 10-15 years... I'd rather have a 401k funded by the company than a pension that can get screwed up by a bankruptcy.
If they're giving me the money either up front (401k) or later (pension), why do you prefer the pension option? I'm not trying to be a moron, I'm just maybe ignorant of the potential advantages of a pension plan.
I'm a young guy, and based on what I've seen in the last 10-15 years... I'd rather have a 401k funded by the company than a pension that can get screwed up by a bankruptcy.
If they're giving me the money either up front (401k) or later (pension), why do you prefer the pension option? I'm not trying to be a moron, I'm just maybe ignorant of the potential advantages of a pension plan.
40% FAE on $250,000/Yr is $100,000. A higher contribution by the company during your working years can give you a nest egg with a principle that will earn you that same $100,000. Best part is it is BK, and loss of license proof. Oh and the Union can't negotiate the money that you have away in a future contract, but they can negotiate away a pension.
10-17-2015 | 11:08 AM
#1174
New boss = Old boss
Joined: Mar 2005
Posts: 2,763
Likes: 1
From: Ca B737
10-20-2015 | 10:45 AM
#1176
On Reserve
Joined: Oct 2012
Posts: 199
Likes: 7
From: Right Side Up
Mr. Hornibrook also mentioned that the hiring numbers for next year are expected to be less than this year (which was around 200), but that that number is obviously a moving target and could (and probably will) change. He also talked about the guys who are planning to retire this year need to tell the company by Halloween, so they'll have a better estimate for numbers at that point as well.
10-21-2015 | 04:27 PM
#1177
Gets Weekends Off
Joined: Mar 2014
Posts: 312
Likes: 0
From: A321 - 39E
Alaska Air Hiring
I've had DAL guys in the jumpseat who are 2015 hires. The lowest numbers I've seen personally are 9 months (757) and 6 months (737). That was this summer before the hiring slowdown, so maybe a little longer now.
10-24-2015 | 09:25 AM
#1179
Gets Weekends Off
Joined: Aug 2009
Posts: 396
Likes: 0
Growth in number of seats (ERs and RJs) is still growth for the bean counters. Back filling attrition isn't really growth; 150 more pilots than just over a decade ago hardly counts. $1.5 billion gross/$277 mil net profit just isn't good enough, boys & girls! We need to get our costs down. Here comes the openers. Ready, safe, ah crap!
10-24-2015 | 03:11 PM
#1180
Line Holder
Joined: Jan 2010
Posts: 275
Likes: 4
From: Supine
Yeah, if current rates stay the same through November, the lump sum would be around 2% lower in 2016 than it is in 2015, so probably not enough of a swing to make people considering retirement jump now. Unless they are planning on leaving in January or, then they may as well go December 1st.
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