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Spirit...upgrade time?
How long do you think it would take being based in ACY? I have a pretty good job right now and would have to take a 70% pay cut to be 15 minutes from my house. Is it worth it?
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Originally Posted by XJT Pilot
(Post 911189)
How long do you think it would take being based in ACY? I have a pretty good job right now and would have to take a 70% pay cut to be 15 minutes from my house. Is it worth it?
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You're playing a dangerous game thinking of going to an airline based solely on a domicile. Bases come & go all the time. JMHO.
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Originally Posted by johnso29
(Post 911257)
You're playing a dangerous game thinking of going to an airline based solely on a domicile. Bases come & go all the time. JMHO.
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Originally Posted by EWRflyr
(Post 911290)
If he truly is an XJT pilot and not a baiter on here, he is probably more aware of that now than at any time in the past.
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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
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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'm a glass-half-full kinda guy, so I may see things differently here. Based on the a/c the company claims are on order and what years they claim we will get them says the 2015 captains haven't been hired yet. BUT... Don't ever look to history of upgrades to tell the story of the future of upgrades. I had a buddy that went to AirTran a few years ago solely based on the possibility of a 3.5 year upgrade...oops. So it can go either way. We don't have many people on our seniority list that have DOHs between 2001 and 2007. Our actual upgrade times could go from 8-9 years to 4 years quickly. Are you the type that is left seat or bust? Then you probably should stay put where you are. How is your pay rate anyway? If it's what I looked up as a senior guy at XJT, then you'll only be $7/hour less within 5 years ($90/hr vs. $97/hr). How's your quality of life? Most would tell you our's beats any regional's- especially for our guys living in base. I wish you the best of luck, but I'd advise you to do a little more homework before jumping to a conclusion. |
Originally Posted by johnso29
(Post 911299)
The Woodlands crowd is unhappy right now.
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Can't afford Spirit = can't afford to leave?
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.
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. |
Originally Posted by Sniper
(Post 911606)
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 for any airline. UPS currently has the highest min guarantee in the industry. A 10 year XJT CA wouldn't break even until year 4 going to UPS. Essentially, no matter where you go, if you can't live off $35,000 for the first year and can't take a pay cut for at least 5 years (but more likely 6), you really can't afford to leave the left seat of an RJ for the right seat of 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.
At UPS he would break even in the second year. At guarantee 10 yr XJT -80/hr = 72,000 11 yr XJT -82/hr = 73,800 Total - 145,800 UPS 2011 rates 1 yr UPS - 37/hr = 36,000 2 yr UPS - 143/hr = 139,400 Total - 175,400 |
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