Eagle to hire 600+ in 2013!
#1773
Is there any kind of pay raise associated with this? A freeze for 10 years at a 2% inflation equals a 20% pay cut.
#1774
Line Holder
Joined APC: Apr 2013
Position: A-320 FO
Posts: 90
This is absolutely a pay cut in real terms. Assuming a 3% inflation rate, a first officer earning ~$40/hour in 2013 would have to make ~$52/hour in 2024 (at the end of the 10 year contract period) in order to maintain their purchasing power in real terms. With this pay freeze, the same FO would be making the equivalent of ~$30/hour in 2024 in today's dollars. For captains making $88/hour at the 12 year cap, the pay would have to be ~$118 in 2024. Instead, the purchasing power would be the equivalent of ~$65/hour today. This equates to a ~25% pay cut over 10 years.
Last edited by Heisenberg; 01-12-2014 at 12:31 PM. Reason: Clarifying calculations and typo
#1775
Gets Weekends Off
Joined APC: Feb 2011
Posts: 1,327
I heard 10k Sign on bonus and 1,500 to sign yes. This true?
#1776
Line Holder
Joined APC: Apr 2013
Position: A-320 FO
Posts: 90
If the AIP is voted in, every pilot on property will receive a $1500 bonus. I suppose it goes without saying that taxes and the overall "cost" of the rest of the AIP would more than negate this figure.
The last word I heard about the signing bonus was that it was still $5000, but that may have changed.
The last word I heard about the signing bonus was that it was still $5000, but that may have changed.
#1777
No. Longevity increases up to 12/4 years for CA/FO would continue until 1/1/15 or the first 175 delivery, whichever would come first. After that, there would be no increases at all until 1/1/18. After that, there would be 1% increases unless a pilot declines to flow when their turn comes up.
This is absolutely a pay cut in real terms. Assuming a 3% inflation rate, a first officer earning ~$40/hour in 2013 would have to make ~$52/hour in 2024 (at the end of the 10 year contract period) in order to maintain their purchasing power in real terms. With this pay freeze, the same FO would be making the equivalent of ~$30/hour in 2024 in today's dollars. For captains making $88/hour at the 12 year cap, the pay would have to be ~$118 in 2024. Instead, the purchasing power would be the equivalent of ~$65/hour today. This equates to a ~25% pay cut over 10 years.
This is absolutely a pay cut in real terms. Assuming a 3% inflation rate, a first officer earning ~$40/hour in 2013 would have to make ~$52/hour in 2024 (at the end of the 10 year contract period) in order to maintain their purchasing power in real terms. With this pay freeze, the same FO would be making the equivalent of ~$30/hour in 2024 in today's dollars. For captains making $88/hour at the 12 year cap, the pay would have to be ~$118 in 2024. Instead, the purchasing power would be the equivalent of ~$65/hour today. This equates to a ~25% pay cut over 10 years.
#1778
Banned
Joined APC: Jun 2008
Posts: 8,350
You'll be grandfathered alright, right up until they get this carrier shrunk to the point of merging it with a cheaper carrier and their contract. I can't believe how naive some of you are who should know better. Doing that doesn't help them one-bit attracting more pilots.
You got 2-3 years at most before the guillotine blade makes contact.
#1779
Banned
Joined APC: Jun 2008
Posts: 8,350
I wonder how many of the hundreds of the clueless shmucks who think Parker's giving them a free pass for their careers will be joining you ?
There's going to be a lot of crying to the heavens in the next couple of years.
There's going to be a lot of crying to the heavens in the next couple of years.
#1780
They're going to pay hundreds of senior captains thousands more than the competition at top 18-year scale the duration of your careers with 100% 401(k) match ?
You'll be grandfathered alright, right up until they get this carrier shrunk to the point of merging it with a cheaper carrier and their contract. I can't believe how naive some of you are who should know better. Doing that doesn't help them one-bit attracting more pilots.
You got 2-3 years at most before the guillotine blade makes contact.
You'll be grandfathered alright, right up until they get this carrier shrunk to the point of merging it with a cheaper carrier and their contract. I can't believe how naive some of you are who should know better. Doing that doesn't help them one-bit attracting more pilots.
You got 2-3 years at most before the guillotine blade makes contact.
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