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If you're old and won't benefit from a long run as a NB CA (or get anywhere near WB's) then the difference between legacy and LCC's gets down to fine points like geography and the time-value of money. That last only matters if you'll be doing significant saving/investing sooner rather than later.
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Originally Posted by 3rd Time Charm
(Post 2990891)
Hey all, long time lurker first time poster. I made this super simple spreadsheet on Excel. It takes me about five minutes to just type my name in Excel. Anyhow, I know there is a lot more to consider than just Minimum Monthly Guarantee but as previously stated I've reached my Excel limitations already ! I figured one of you Excel nerds ( I say that with all the love in my heart, I'm just nerdy in other ways... ) have probably considered and made similar pay comparisons.
https://i.ibb.co/YkHL4Jh/Simple-Pay-Comparison.png I made the assumption of the lower payscale at AA ( 737 ) and stopped at 15 years because I'm old. Basically looking at ~4ish years till flow date. I also have an opportunity on the table, obviously. I also went with a 5 year upgrade time. Thanks for any input ! |
Originally Posted by daOldMan
(Post 2991065)
I didn't know that there were actually any pilots that actually thought that the ULCC's would still be around in 15+ years.
They are a flash in the pan. Look at all of the airlines of the past that have gone out of business. The current ULCC's are the same. Spirit is the new Peoples Express, Midway, or Hooters Air. |
Originally Posted by VegasChris
(Post 2991079)
Can you make the spreadsheet go to 25 years?
Originally Posted by Cyio
(Post 2991280)
Does this factor in the 16% AA puts in free of charge every year?
In respect directly to the 25 years - I just made a simple but cumbersome formula of - =(B2*B3+B2*B4+B2*B5...B2*B17)*12 because when I tried to make it into an array type of thing it didn't work - =(Sum(B3:B17*$B$2))*12 and only returned an "invalid", I tried a couple of different permutations but they didn't work... So to answer your question, the only way I could change to go to Year 25 would be to manually add the cumbersome formula whereas I had hoped that if I wanted to change it/share it you could just change the variables of the array i.e. B3:B17 to B3:B27 I wouldn't even know where to begin with the 16% additional, yearly pay increases or other variables - from a math/Excel point of view unless I did some large clunky thing |
Originally Posted by Cyio
(Post 2991280)
Does this factor in the 16% AA puts in free of charge every year?
$2.4M AA+WO wages - $0.3M WO wages = $2.1M AA wages. $2.1M * 16% = $336K DC at AA. |
Originally Posted by ninerdriver
(Post 2991437)
$2.5M * 15% = $375K DC at NK.
$2.4M AA+WO wages - $0.3M WO wages = $2.1M AA wages. $2.1M * 16% = $336K DC at AA. Simpler than I had in my head ! Thanks. |
So is the assumption this thread is trying to make that any pilot with less than 20 years until forced retirement is financially better off going to spirit, if speaking solely on pay?
Just doesn’t seem right. Might add that in theory AA pay will be going up with new contract, whenever that may happen. |
Not making any assumptions, other than ones stated i.e. upgrade times, narrow body, etc
Putting pen to paper, proverbially, to help make an informed decision for myself. While finances are not the sole reason I would choose A, B or C it certainly is a consideration. |
Originally Posted by ninerdriver
(Post 2991437)
$2.5M * 15% = $375K DC at NK.
$2.4M AA+WO wages - $0.3M WO wages = $2.1M AA wages. $2.1M * 16% = $336K DC at AA. |
Originally Posted by Cyio
(Post 2991553)
So is the assumption this thread is trying to make that any pilot with less than 20 years until forced retirement is financially better off going to spirit, if speaking solely on pay?
Just doesn’t seem right. Might add that in theory AA pay will be going up with new contract, whenever that may happen. |
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