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Originally Posted by Ryantw5555
(Post 2500538)
Hello, I'm new here and just inquiring...so you made this amount your first / second year at a regional? Am I understanding this correctly, and is this a normal amount to make in the industry and the economy at this time? Thanks for your time.
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Originally Posted by Beans
(Post 2501278)
I saw a poster earlier say that all the guys/gals at the majors make about the same. This is absolutly false. The numbers and benefits don't lie. FedEx leads the pack by a long shot from my observation for the reasons below.
2nd year pay- $173 currently in November it goes to $178. This does not even account for all the trip over rides for international and trip/duty regs. 6 hour a day min gurantee These guys fly about 250 hours a year and get paid 1100-1300 hours of credit. Thats a 4 to 1 ratio. A Fund- Pension (130k a year when you retiree funded outside of the company) This is worth about 34k a year assuming a comparable DC contribution ratio and this is assuming a 6% market gain per year B Fund - 8% DC contributions goes to 9% next year Almost all of your career is on wide body pay scale which is worth millions over a 30 year career assuming wages and retirement as compared to another doing mostly narrow body. Upgrades are under 2 years for a 757 Capt. Yes you see some guys (the abnormal) stating they make 250k as an FO at SWA but this is by far not the normal. These are the supper senior or those flying their life away literally. I am one of those at SW thats leavening to FedEx and have tones of buddies who have done the same. The numbers just don't lie folks. If you see someone posting with some obscured numbers you know they are working like a you know what or they are very senior and are bidding to fly with check airman getting dropped and still flying. Also, could upgrade in 1-2 years at DL. Or be a 330/767-400 FO in 2-4 years. |
Originally Posted by sherpster
(Post 2501357)
Sure FedEx guys make a ton but you have to fly at night. I would prefer not to.
Cue the FedEx guys: "lots of day flying" Hmm. |
Originally Posted by Rsv4lyfe
(Post 2501468)
Aren't you the guy that wanted to fly to Memphis to "drop off a resume at the pilot recruiting office?"
Hmm. |
Originally Posted by NoDeskJob
(Post 2501465)
Maybe. Probably...but if you stay an FO, the DL/UA 757/767 rates are better.
Also, could upgrade in 1-2 years at DL. Or be a 330/767-400 FO in 2-4 years. |
Originally Posted by Beans
(Post 2501514)
The rates are not better Delta's year 2 767 FO rate is 154 (United me to clause is same) and FDX is $172 so what are you looking at? When you factor in A fund contributions it isn't even close. Plus at Delta and United you are a forever reserve on the coast's in those Wide Body AC, at FedEx you hold a line in 6 months to a year on WB.
Are you aware of or know if/what vesting requiments the fedx pilots A plan carries? |
Originally Posted by BobZ
(Post 2501545)
Beans...most 'A' db plans have vesting conditions. 4 example ours used to be 5 yos to be eligible to get anything at all....and 25yos to realize the full fae percentage.
Are you aware of or know if/what vesting requiments the fedx pilots A plan carries? |
Originally Posted by Beans
(Post 2501546)
You are vested immediately and fully vested at 25 years.
So if i understand each year of service you will accrue an additional 1/25th of the presently capped benefit of 130k/yr? Retirement benefit contemplations are part math and part crystal ball. Unfortunately we usually have to wait till the end of the day to check our results. :) 30yrs ago fedx was my 1st choice, but it wasnt because of the retirement. Given the road i did travel, being a new pilot today i would value having my retirement in my hand and in my name over any blind trust owned by my employer. A year2 fo at delta gets 16% from the company. The last 2 years he has also gotten another 30%+ in profit sharing. Which also gets the 16% kick in from company. And in the event of a ltd event his 50% fae has no dollar maximum cap, and the company kick in goes from 16% to 32%. Its all in his name. And will pass through to heirs at 100% dollar value. Its a guess at best we make, and its never as simple as it seems. |
Originally Posted by Beans
(Post 2501278)
I saw a poster earlier say that all the guys/gals at the majors make about the same. This is absolutly false. The numbers and benefits don't lie. FedEx leads the pack by a long shot from my observation for the reasons below.
2nd year pay- $173 currently in November it goes to $178. This does not even account for all the trip over rides for international and trip/duty regs. 6 hour a day min gurantee These guys fly about 250 hours a year and get paid 1100-1300 hours of credit. Thats a 4 to 1 ratio. A Fund- Pension (130k a year when you retiree funded outside of the company) This is worth about 34k a year assuming a comparable DC contribution ratio and this is assuming a 6% market gain per year B Fund - 8% DC contributions goes to 9% next year Almost all of your career is on wide body pay scale which is worth millions over a 30 year career assuming wages and retirement as compared to another doing mostly narrow body. Upgrades are under 2 years for a 757 Capt. Yes you see some guys (the abnormal) stating they make 250k as an FO at SWA but this is by far not the normal. These are the supper senior or those flying their life away literally. I am one of those at SW thats leavening to FedEx and have tones of buddies who have done the same. The numbers just don't lie folks. If you see someone posting with some obscured numbers you know they are working like a you know what or they are very senior and are bidding to fly with check airman getting dropped and still flying. Things are rosy right now everywhere. It wasn’t too long ago ups was hiring straight to the left seat management pilots while guys where still furloughed. The risks are there flying cargo. I don’t think amazon is an immediate threat but over a career I would definitely worry about Jeff Bezos. Again, good luck. We don’t make the most at Swa and we are trying to change that, but try not to burn any bridges on the way out. This profession is fraught with broken promises and broke retired pilots. |
Originally Posted by CantStayAway
(Post 2501397)
and as mentioned above Frontier is not a regional.
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