ULCC or American?
02-13-2020, 11:30 AM
#72
Gets Weekends Off
Joined APC: Nov 2016
Position: 6th place
Posts: 1,826
Originally Posted by Andy
In a time of record low interest rates, a lot of companies are borrowing as much as they can. AA forecast $6B in free cash flow in the next 24 months. That would service a lot of debt, but is it prudent to pay off low interest rate debt or can the money be used elsewhere?
That is exactly why AA is so leveraged. Taking advantage of low interest rates to re-fleet. The fleet spending goes way down this year and in the years to come.
02-13-2020, 12:04 PM
#73
Gets Weekends Off
Joined APC: Sep 2005
Posts: 1,735
Originally Posted by SSlow
How many captains do you have under the age of 35 though?? Some of us are looking at over 3 decades in the left seat making 250k minimum living in places like miami and vegas. I'm in my early 30s and hold A320 CA in Florida. And that was straight out of the gate. No commuting to the NE and slugging it out in an overpriced third world crashed on reserve. I'm making some fat stacks for someone my age and stashing most of it away with decades of investment growth potential. So far I'm way ahead of my buddies who are just getting picked up at the legacies. The more money and real estate acquired early on...the better.
I'm happy with what I have here, it ain't perfect but it could be much worse. You're not doing such a hot job if you're on here trying to make us jealous.
I'm happy with what I have here, it ain't perfect but it could be much worse. You're not doing such a hot job if you're on here trying to make us jealous.
02-13-2020, 12:17 PM
#74
Perennial Reserve
Joined APC: Jan 2018
Posts: 11,516
Originally Posted by mainlineAF
That is exactly why AA is so leveraged. Taking advantage of low interest rates to re-fleet. The fleet spending goes way down this year and in the years to come.
So you would like to believe. The reality may be a little more involved than that:
02-13-2020, 12:21 PM
#76
Gets Weekends Off
Joined APC: May 2019
Posts: 116
Originally Posted by SSlow
How many captains do you have under the age of 35 though?? Some of us are looking at over 3 decades in the left seat making 250k minimum living in places like miami and vegas. I'm in my early 30s and hold A320 CA in Florida. And that was straight out of the gate. No commuting to the NE and slugging it out in an overpriced third world crashed on reserve. I'm making some fat stacks for someone my age and stashing most of it away with decades of investment growth potential. So far I'm way ahead of my buddies who are just getting picked up at the legacies. The more money and real estate acquired early on...the better.
I'm happy with what I have here, it ain't perfect but it could be much worse. You're not doing such a hot job if you're on here trying to make us jealous.
I'm happy with what I have here, it ain't perfect but it could be much worse. You're not doing such a hot job if you're on here trying to make us jealous.
That being said I think/hope we all have great careers and I certainly respect the earning potential that your hard won contracts at the ULCC’s provide you. I’m just adding in this ”ULCC vs AA” thread that going forward both Legacies and ULCC will have the opportunity to sit in the left seat for 30+ years. Really they are all great jobs that do not differ much once the flight deck door is closed or when the checks get deposited twice a month. Everybody just enjoy the ride!
02-13-2020, 12:44 PM
#77
Gets Weekends Off
Joined APC: Nov 2016
Position: 6th place
Posts: 1,826
Originally Posted by SSlow
How many captains do you have under the age of 35 though?? Some of us are looking at over 3 decades in the left seat making 250k minimum living in places like miami and vegas. I'm in my early 30s and hold A320 CA in Florida. And that was straight out of the gate. No commuting to the NE and slugging it out in an overpriced third world crashed on reserve. I'm making some fat stacks for someone my age and stashing most of it away with decades of investment growth potential. So far I'm way ahead of my buddies who are just getting picked up at the legacies. The more money and real estate acquired early on...the better.
I'm happy with what I have here, it ain't perfect but it could be much worse. You're not doing such a hot job if you're on here trying to make us jealous.
I'm happy with what I have here, it ain't perfect but it could be much worse. You're not doing such a hot job if you're on here trying to make us jealous.
Not trying to make anyone jealous. Just a few guys on here slamming AA and the legacies and i just point out we make 20-30% more and I’m a troll. Y
I’m happy Yal are making good money! I’m just saying the legacies are making plenty too. Some of your dudes are just a little testy.
Plenty of under 35 Airbus/737 captains, and trending down.
02-13-2020, 12:48 PM
#78
Gets Weekends Off
Joined APC: Sep 2005
Posts: 1,735
Originally Posted by daOldMan
For a few years, sure. Long term, doubtful.
02-13-2020, 12:54 PM
#79
Gets Weekends Off
Joined APC: Feb 2019
Position: baller, shot caller
Posts: 961
Originally Posted by SaturnV
I think in the coming years AA will have plenty of Captains in their early 30’s. Based on mandatory age 65 retirement’s alone I could hold Narrowbody Captain in LAX, MIA and LGA by my 33rd birthday at AA. I’m sure I’m far from being alone in that. I’ll probably stick to the right seat a of a narrow body or try my hand at our long haul flying before upgrading but the opportunity should be there for people who want first available upgrade and to be the plug.
That being said I think/hope we all have great careers and I certainly respect the earning potential that your hard won contracts at the ULCC’s provide you. I’m just adding in this ”ULCC vs AA” thread that going forward both Legacies and ULCC will have the opportunity to sit in the left seat for 30+ years. Really they are all great jobs that do not differ much once the flight deck door is closed or when the checks get deposited twice a month. Everybody just enjoy the ride!
That being said I think/hope we all have great careers and I certainly respect the earning potential that your hard won contracts at the ULCC’s provide you. I’m just adding in this ”ULCC vs AA” thread that going forward both Legacies and ULCC will have the opportunity to sit in the left seat for 30+ years. Really they are all great jobs that do not differ much once the flight deck door is closed or when the checks get deposited twice a month. Everybody just enjoy the ride!
Sure, you MIGHT upgrade by 33 and you MIGHT be able to do that in a desirable base. But also you might not. Wars happen. Recessions and bankruptcies happen and all of that derails your career plans.
I hope that for your sake those numbers work out but nothing about what might happen is guaranteed in this industry. The only solid deal is what you've got going on TODAY.
02-13-2020, 01:42 PM
#80
Gets Weekends Off
Joined APC: Nov 2016
Position: 6th place
Posts: 1,826
Originally Posted by SSlow
Perhaps, but that's all based on an educated guess of what might happen in the future. I'm talking about the here and the now, right now, in February 2020.
Sure, you MIGHT upgrade by 33 and you MIGHT be able to do that in a desirable base. But also you might not. Wars happen. Recessions and bankruptcies happen and all of that derails your career plans.
I hope that for your sake those numbers work out but nothing about what might happen is guaranteed in this industry. The only solid deal is what you've got going on TODAY.
Sure, you MIGHT upgrade by 33 and you MIGHT be able to do that in a desirable base. But also you might not. Wars happen. Recessions and bankruptcies happen and all of that derails your career plans.
I hope that for your sake those numbers work out but nothing about what might happen is guaranteed in this industry. The only solid deal is what you've got going on TODAY.
Im 33 and a line-holding Airbus captain. Plenty of other guys like me.
I hope there’s no recession and we all continue to stack.
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