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What you have to remember about age 65 is the effects will never go away. Sure in 2 years people will start retiring. But the effect of age 65 will last forever. Based on the trends we've seen, almost everyone is working until age 65. It basically means every pilot has the ability to work an extra 5 years. That means that things will always be slower than they were before age 65. It means a good 20-25% fewer pilots will ever reach a major airline because those currently there will stay longer.
Waiting for the effects of age 65 to calm down is a bad idea. The effects of age 65 will never go away. |
Originally Posted by XJT Pilot
(Post 911488)
Thanks guys, I thought it might be that long...can’t afford that kind of FO pay for six years. Looks like I’m still gona have to wait out the 65ers. I'm in no rush to go anywhere in this econ...but thought I should at least ask
I am planning(financially) to NEVER upgrade at Spirit...not that I never will, but to sit around and stare at the CA payscale is just pointless, and there are so many variables that will affect the time to upgrade. That being said, as an FO here I will top 100/hr in a few years. When you compare the FO rates here to the CA rates at XJT its a no brainer to make the move. Now, on to bases. The ACY base could literally be gone tomorrow. There are almost as many reasons for the company to get rid of it as there is to keep it. The CURRENT plan is to keep it. We are flying very productive schedules, and the hotels in ACY are really expensive. I wouldn't count on the base being around long term though...for me its the same deal as the CA upgrade, I dont expect it, then if it happens, great for me. Good luck in whatever you decide. |
You can never out guess the airlines go or stay where you want to be.
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I would not come here for ACY alone. Anything other than FLL is a gamble right now.
But one more thing to look at is the outlook for your current job. What is the future of 50 seat flying with oil they way it has been. Can you take that seat you are in as granted? The regional jet is a thing of the past. Will your company be able to transform into something else like RAH is trying? I am sure all this is on your mind. On the other hand the ULCC model that Spirit pursues is also only working up to a certain oil price. $25 move in the wrong direction and the market segment Spirit is serving shuts down. People often mention JB and other LCCs as our competition when in reality our pax are the Walmart folks. A high % of our pax are poor and they are not on a trip to Medellin for vacation. They don't choose Spirit over JB. They had no choice. They don't go to Walmart because they want to save money, but because they have no money to save. This is why the model is good and the place has potential. It is tapping into a market that has the highest population of all. It serves the lowest income classes. But for the same reason Spirit can't raise prices so the game is over above $115 per barrel if sustained for a long period. Coming to Spirit is a gamble for many reasons. The pay off could be a quick (4-5y) left seat in a growing company. May be even the next best thing. The other side has acquisition, merger, integration, staple, and furlough written all over it. The pay is actually not bad. The scale on apc does not show the stepping but your 2nd year would be $66 if you get hired now. QOL is outstanding especially in ACY. Highest days off and if you are close there is always extra flying for you. The only thing is ACY is always in limbo and it is already senior. I am not even sure you could hold it out of class anymore. Good luck with your choice. |
Originally Posted by Sniper
(Post 911606)
Not sure how senior you are @ ExpressJet, but @ most any airline, Spirit included, first year pay is gonna' be rough. That's a given.
I re-ran the the #'s (messed them up the first time, whoops!). Assuming you get min RSV guarantee, the current APC upgrade times hold, and you take the first upgrade available, it would take a 10 year XJT CA ___ years to break even @ the following carriers:
You will make less the first couple years, then you'll make more, but it takes a couple more years to 'catch-up' the $ that you lost, especially that first year. For example, an 8 year Spirit FO brings in more than a 17 year XJT CA, but it takes 4 more years to break even b/c of the lower earning first 7 years @ Spirit. After the first year @ Spirit (which is hard living), our hypothetical 10 year XJT CA will take a median pay cut of 15%, with the highest pay cut in year 3, @ 31%, and the lowest, in year 7, of only 2%. Honestly, if your costs are so high you can't afford the first 6 years @ Spirit, than you might not be able to afford to leave XJT at all. Essentially, if you can't live off $35,000 for the first year and can't take a modest pay cut for around 5 years, you really can't afford to leave the left seat of an RJ for the right seat of most any 121 carrier based on min guarantee. For me, I never plan for more than min guarantee, and then I always know I'll be alright. My Spirit #'s came from their 2010 contract, while all my other #'s came from APC. My humble pie comes from 'Swedish'. :D Planning career moves based only on anticipated income is foolish. There's much more to it, of course (QOL, retirement, company stability, culture, etc.). How much importance you put to mathematical financial modeling is up to you. |
Well put. I've been watching energy very closely with oil price being a big concern, I cannot fathom the impact that July '08 prices would have on our industry.
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Originally Posted by Delta1067
(Post 911891)
With the upcoming payraises a 2nd year FO at Delta can pull down six figures. No way is it going to take 7 years to break even, maybe a few and it's all gravy after that. What does a 10 year XJT Captain make?
$84.35 pre concession |
I re-ran the the #'s (messed them up the first time, whoops!). Assuming you get min RSV guarantee, the current APC upgrade times hold, and you take the first upgrade available, it would take a 10 year XJT CA ___ years to break even @ the following carriers:
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Originally Posted by Delta1067
(Post 911891)
With the upcoming payraises a 2nd year FO at Delta can pull down six figures. No way is it going to take 7 years to break even, maybe a few and it's all gravy after that.
10 year XJT CA vs. new hire Delta FO = Delta earnings disparity:
I assumed our Delta FO would get paid the average NB FO rate (DC-9, MD-88, MD-90, A319/320, 737NG) for the first 5 years, then the average widebody rate (757/767, 767-400/A330, 787, 777/747-400) for the next 6 years, and would only make Reserve guarantee of 70 hours. As you can see, starting in Year 3, the Delta FO brings in about the same as the XJT CA (that year, the Delta FO is on a $91.40/hr rate, while the XJT CA is on an $85/hr rate, but XJT has a 5 hour greater guarantee). The jump to WB pay bridges the gap in less than 2 years. This is a typical result. You take a hit the first year, then you make about the same (junior NB FO = senior RJ CA) until you are able to hit a pay bump. @ NB only operators it is your upgrade to CA. @ WB operators, it is your move to the WB right seat. The longer the upgrade to CA, the longer the wait to get to both the right seat of the WB and the left seat (hence why United takes so long right now, 15 years in the right seat and a bankruptcy wage scale). |
Nice numbers guys, and thanks for taking the time to figure them. Well im a 14 year captain flying about 92hrs on average out of EWR I don't commute and I bid well let's say in the top twenty. Pretty nice schedule and about half the year off and bring home just a little over 105000. However, with us just being bought by ASA and no joint contract in hand and CAL/UAL merger still going on it an understatement to say that im not just a little concerned. I don't think I would ever be displaced from EWR because they can't get anyone to stay here...living in Jersey is expensive to say the least and being middle aged with two young kids its not a money thing its a responsibility thing. Just exploring some options.
Not a left seat hog if that was the case I would have left for CAL five years ago when I could have flowed over, just was the wrong time to much going on I life...well I would have been sent to the street anyway...would have been recalled by now but still non the less...no job! |
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