How long for a contract?
#381
Almost there
Joined APC: Apr 2021
Posts: 1,158
….After putting the pen to paper and running the numbers I came up with just over three years before ReserveCA would break even. Somewhere around the 800k total compensation mark.
I used min guarantee for both examples but don’t know UA min guarantee so I used 75 to match ours. I also gave UA numbers a 30k bump for PS and used first available 737 upgrade for, I think, the fastest way to break even.
Wild cards:
-Actual time it takes to get an F9 contract
-Actual pay rate in F9 contract
-Age 67 rule
-Actual time to hold PIC at UA (see above)
-Actual QOL as new hire UA PIC (the amount of people I know that haven’t taken this upgrade makes me somewhat suspicious)
-Actual QOL as F9 PIC
-Soft time in each company. I did not include because that’s a function of to each their own. Personally I have averaged a minimum of 150% of my base pay here with only one premium trip ever picked up. Pretty tough to calculate individually.
Good luck. YMMV
#382
BL was hired to make Frontier a regional. The only reason F9 got a contract in 2018 was because we had no applications on file. Brad has solved that problem with his cadet, R-ATP, college, and helicopter programs. There is absolutely no reason for this management group to come to the table this time around. They have an endless supply of first officers ready to come here.
Look at our union members running for the door. They see the writing on the wall, there is no hope for a new contract. The only reason to stay here is if you have a burning desire to live in Cincinnati or Cleveland. UAL, AAL, and DAL will hire over 5000 pilots over the next 12 months. Do you want to be at the front or back of that wave. Yesterday was the best day to submit your app, today is the next best day.
Look at our union members running for the door. They see the writing on the wall, there is no hope for a new contract. The only reason to stay here is if you have a burning desire to live in Cincinnati or Cleveland. UAL, AAL, and DAL will hire over 5000 pilots over the next 12 months. Do you want to be at the front or back of that wave. Yesterday was the best day to submit your app, today is the next best day.
- SR
#383
Line Holder
Joined APC: Sep 2017
Posts: 34
This is great synopsis of F9. The new SJS (shiny jet syndrome) is BJS (Big get syndrome). We are a regional that flies Airbus, plain and simple. The plane is nice but so is the Embraer 170 series. People just starting out in the industry should really consider the regionals as much or more than F9. They don't have the ridiculous traning contracts, much faster seniority progression, far better travel benefits, and the good ones like SkyWest will treat you considerably better. We are upgrading about 8/month. Not quick. At a regional you'll upgade much quicker and make nearly as much as Captains here. Some regional LCA's are pulling $400k+/year. This place is headed for very dark days.
- SR
- SR
#384
Gets Weekends Off
Joined APC: Aug 2020
Posts: 2,240
No snarkiness noted and thanks for your input thus far. Point taken.
….After putting the pen to paper and running the numbers I came up with just over three years before ReserveCA would break even. Somewhere around the 800k total compensation mark.
I used min guarantee for both examples but don’t know UA min guarantee so I used 75 to match ours. I also gave UA numbers a 30k bump for PS and used first available 737 upgrade for, I think, the fastest way to break even.
Wild cards:
-Actual time it takes to get an F9 contract
-Actual pay rate in F9 contract
-Age 67 rule
-Actual time to hold PIC at UA (see above)
-Actual QOL as new hire UA PIC (the amount of people I know that haven’t taken this upgrade makes me somewhat suspicious)
-Actual QOL as F9 PIC
-Soft time in each company. I did not include because that’s a function of to each their own. Personally I have averaged a minimum of 150% of my base pay here with only one premium trip ever picked up. Pretty tough to calculate individually.
Good luck. YMMV
….After putting the pen to paper and running the numbers I came up with just over three years before ReserveCA would break even. Somewhere around the 800k total compensation mark.
I used min guarantee for both examples but don’t know UA min guarantee so I used 75 to match ours. I also gave UA numbers a 30k bump for PS and used first available 737 upgrade for, I think, the fastest way to break even.
Wild cards:
-Actual time it takes to get an F9 contract
-Actual pay rate in F9 contract
-Age 67 rule
-Actual time to hold PIC at UA (see above)
-Actual QOL as new hire UA PIC (the amount of people I know that haven’t taken this upgrade makes me somewhat suspicious)
-Actual QOL as F9 PIC
-Soft time in each company. I did not include because that’s a function of to each their own. Personally I have averaged a minimum of 150% of my base pay here with only one premium trip ever picked up. Pretty tough to calculate individually.
Good luck. YMMV
#387
Almost there
Joined APC: Apr 2021
Posts: 1,158
One of the main reasons that UAL can't get people to take NB captain seats is that we're not a one fleet airline. We have a very large widebody fleet that many people find attractive. Based on flying a 80 hour line, a NBCA will make about $48,000 more but will have to work 3 more days per month (5 if on reserve), plus fly on average 16 more legs. That's 33-55 more days on the road (based on a month of vacation), 176 more legs, short overnights, more frequent delays going through the hubs, more frequent exposure to reassignments.......... It's not that NBCA is a bad deal, but that we have other options and many find that upgrade just isn't worth it considering that WBFO is still a $300K gig. (Numbers based on 12 year seniority)
#388
Line Holder
Joined APC: Sep 2017
Posts: 34
That makes sense and would probably be similar to my own choice if I were to go over as a commuter. The example above was purely an exercise based on fastest possible way to break even with a 12+ year captain at F9 which is tough because it’s different for every person.
Last edited by monkeyboy511; 01-14-2024 at 08:29 PM.
#389
I don’t think you can declare bankruptcy with 500 plus million in the bank.
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