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Old 05-11-2019 | 09:50 AM
  #10301  
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Originally Posted by FogSkier
For those seeking to make $ the first year:

Bank the hours and then you can convert that to money in subsequent years....albeit with withdrawal limits but it’s a 40% return on your money.
You can only bank credit. Green slips, where newbies in NYC can increase pay significantly, don't provide credit. But sure, if you fly 93, bank 13!
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Old 05-11-2019 | 10:23 AM
  #10302  
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Fair point.....my first year did not provide many GS opportunities
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Old 05-12-2019 | 09:13 AM
  #10303  
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Originally Posted by RI830
Thanks everyone! Hoping to have to put the financial wrangling to work. Time will tell.



Can you explain a bit more what you are talking about? How are you able to bank the hours for later pay. Anything above the 80hrs reserve guarantee goes into a bank and then you can pull those banked hours in year 2 at the higher pay scale? One simply sacrifices the 1st year money for a larger amount in year two? How many hours can you bank?
As a line holder or reserve guy any credit above 85 can be elected to be deposited into the bank. Once the bank reaches 60 hours you can’t deposit anymore.
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Old 05-12-2019 | 09:37 AM
  #10304  
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It’s any credit above 80 can be backed up to 60 hours in the bank. You can withdraw from bank any time(up to a lint). You can also use the bank to buy vacation days.

The thing to remember is it’s all hours based going in so as you get raises, those hours sitting there become worth more $.
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Old 05-12-2019 | 10:14 AM
  #10305  
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Originally Posted by FogSkier
It’s any credit above 80 can be backed up to 60 hours in the bank. You can withdraw from bank any time(up to a lint). You can also use the bank to buy vacation days.

The thing to remember is it’s all hours based going in so as you get raises, those hours sitting there become worth more $.
Only if you are under ALV. Hardly “any time.”
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Old 05-12-2019 | 12:00 PM
  #10306  
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Vacation months generally provide opportunity to cash out large chunks. Can also use to buy up to 10 days additional vaca time.
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Old 05-12-2019 | 05:05 PM
  #10307  
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Originally Posted by RI830
Looking for some intel

- Expected 1st year earnings (I know its a ballpark number and will vary on base, plane and op)
- Is one eligible for profit sharing in his/her 1st year? That is a huge boost to the first year earnings

Thanks!
As a 2015 newhire, including profit sharing and per diem, I made $86K in my first year. That was at $70.51/hr. At today's Year 1 pay, that would equate to almost $112K.
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Old 05-12-2019 | 08:06 PM
  #10308  
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Originally Posted by Broncos
As a 2015 newhire, including profit sharing and per diem, I made $86K in my first year. That was at $70.51/hr. At today's Year 1 pay, that would equate to almost $112K.
For another data point, I was hired 2017. My numbers are based on my first 12 calendar months which were 3 months of training salary, then 4 months of sitting NB reserve, then 5 months as REG line holder. Only had one 1 day GS as line holder and was not picking up open time trips to max out my scheudle...I flew was I was awarded.

Total Gross: $88,000 (Fly pay, per diem, international overide, shared rewards, etc)
Profit Sharing Feb 2018: $2,300

Little over $90,000 running total

When you throw in company 401K contributions over those 12 months
401k: $19,000

Total first 12 months compensation now is $109,500
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Old 05-13-2019 | 09:28 AM
  #10309  
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Originally Posted by Jaww
Only if you are under ALV. Hardly “any time.”
Are you saying that you can only withdraw from your bank if you are under ALV? If so, that is incorrect. You can withdraw up to 82hrs or ALV+5, whichever is less.
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Old 05-13-2019 | 09:34 AM
  #10310  
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Originally Posted by RJ4LIFE
Are you saying that you can only withdraw from your bank if you are under ALV? If so, that is incorrect. You can withdraw up to 82hrs or ALV+5, whichever is less.
Then I stand corrected. Oops.
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