Kalitta Air (K4) Information
06-27-2019, 09:49 AM
#1742
Gets Weekends Off
Joined APC: Mar 2005
Posts: 1,888
Originally Posted by Locke
Honestly the only difference between a junior and senior captain is the ability to bid lines that are worth more than 64 hours. Right now the higher value lines seem to be DHL, so the junior guys tend to do Turkish and China.
06-28-2019, 12:59 PM
#1744
Gets Weekends Off
Joined APC: Jun 2008
Posts: 2,930
Originally Posted by cingalls
Thanks again. One more question:
What do you current Kalitta guys realistically expect to happen in a new contract? Dec 2020 correct?
I see the retirement as a major hole right now.
What do you current Kalitta guys realistically expect to happen in a new contract? Dec 2020 correct?
I see the retirement as a major hole right now.
06-28-2019, 03:26 PM
#1745
VHR-very happily retired
Joined APC: Aug 2007
Position: Retired
Posts: 1,409
Originally Posted by cingalls
Thanks again. One more question:
What do you current Kalitta guys realistically expect to happen in a new contract? Dec 2020 correct?
I see the retirement as a major hole right now.
What do you current Kalitta guys realistically expect to happen in a new contract? Dec 2020 correct?
I see the retirement as a major hole right now.
My opinion? Anyone who gets hired here and does not put 20% of their pay away for retirement is a fool. You may make more money later and have more discretionary income but You can never get the time back for compounding your interest in an investment.
If you took $25.00 an hour of your starting pay and put it into retirement you would still be making more per hour than most other starting salaries. Why depend on an employer to provide your retirement when you can so easily do so yourself.
06-28-2019, 03:33 PM
#1746
Gets Weekends Off
Joined APC: Apr 2016
Posts: 830
Originally Posted by maxjet
Why do you see retirement as a major hole? If we did not get retirement, would you then leave and start over at the bottom of the pay scale at a new carrier. I realize you don’t work here yet, but if you got hired next week and the contract was renewed 4 years from today that is a question you would have to answer.
My opinion? Anyone who gets hired here and does not put 20% of their pay away for retirement is a fool. You may make more money later and have more discretionary income but You can never get the time back for compounding your interest in an investment.
If you took $25.00 an hour of your starting pay and put it into retirement you would still be making more per hour than most other starting salaries. Why depend on an employer to provide your retirement when you can so easily do so yourself.
My opinion? Anyone who gets hired here and does not put 20% of their pay away for retirement is a fool. You may make more money later and have more discretionary income but You can never get the time back for compounding your interest in an investment.
If you took $25.00 an hour of your starting pay and put it into retirement you would still be making more per hour than most other starting salaries. Why depend on an employer to provide your retirement when you can so easily do so yourself.
06-28-2019, 04:33 PM
#1747
Banned
Joined APC: Feb 2017
Posts: 2,275
Originally Posted by goinaround
Just about every other carrier out there offers a 15% DC. Anything you put on top of that is gravy. That's a deal breaker for a lot of people that have many years left in the industry. And yeah, I think a lot of people would leave after a few years and start over. FDX pay is about $180K second year. That's a LOT of cheddar over a 20 year career.
Last edited by No Land 3; 06-28-2019 at 05:00 PM.
06-28-2019, 05:03 PM
#1748
Gets Weekends Off
Joined APC: Apr 2016
Posts: 830
Originally Posted by No Land 3
We have 2nd year FO's that make that too, or more. It is a lot of cheddar, and why many don't want to go elsewhere.
06-28-2019, 05:07 PM
#1749
Gets Weekends Off
Joined APC: Apr 2016
Posts: 830
Originally Posted by No Land 3
180k? I've flown with 2nd year guys here that topped 220k. Just some perspective for you.
06-28-2019, 05:10 PM
#1750
Banned
Joined APC: Feb 2017
Posts: 2,275
Originally Posted by goinaround
I'm quoting FDX guarantee pay. I'm sure a lot of those guys can break 230 with OT just like some of our first officers break guarantee (but 180K?....I haven't come even close). Gotta look at reality here. Not everyone has a pension and funded 401 from a previous career like Max. Most will be relying on K4 for a funded retirement.
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