How many regional pilots are staying put?
06-20-2013 | 07:36 AM
#21
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From: Lovin' life at .4 (ish) mach
I have my apps out, and I want to leave. If I upgrade here, I'm going to continue living in my $300 month apartment, pay off my car sooner and try to leave asap, I try to make things slightly uncomfortable for myself so I'm not tempted to stay. But I'm worried that my pre 121 job checkride failures might hinder my future attempts of leaving, although I've passed all my rides for my regional job thus far without any failures.
06-20-2013 | 08:26 AM
#22
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From: Embraer Systems Analyst
I'm going to guess around 15-20%. I've always said the number going to majors from regionals isn't as high as expected. The stagnation the past 15 years has lead to alot of guys with alot of longevity. They got kids in school or an exwife or two. They can't afford to give up that $100+ an hour. Or they don't want to give up weekends/holidays/4 weeks of vacation/furlough proof/etc. and lets be honest...there are some guys who couldn't take the hit to the ego of puttin on 3 stripes and swinging gear.
06-20-2013 | 08:33 AM
#23
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I used to be a lifer until I realized that regionals are next in the consolidation game. 13 year captain and I want out asap. It is a paycut the first year but just the retirement alone is so much better that unless you only have less than 10 years left the only logical move financially is to move on.
That being said there are more important things in life than money so I think family/QOL plays a big role here as well. I don't have kids so this isn't a worry for me. If you are a senior regional captain you can make 100k and have a great schedule. There truly are some things money can not buy.
That being said there are more important things in life than money so I think family/QOL plays a big role here as well. I don't have kids so this isn't a worry for me. If you are a senior regional captain you can make 100k and have a great schedule. There truly are some things money can not buy.
06-20-2013 | 12:12 PM
#24
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I used to be a lifer until I realized that regionals are next in the consolidation game. 13 year captain and I want out asap. It is a paycut the first year but just the retirement alone is so much better that unless you only have less than 10 years left the only logical move financially is to move on.
That being said there are more important things in life than money so I think family/QOL plays a big role here as well. I don't have kids so this isn't a worry for me. If you are a senior regional captain you can make 100k and have a great schedule. There truly are some things money can not buy.
That being said there are more important things in life than money so I think family/QOL plays a big role here as well. I don't have kids so this isn't a worry for me. If you are a senior regional captain you can make 100k and have a great schedule. There truly are some things money can not buy.
06-20-2013 | 02:08 PM
#26
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From: Airbus button pusher
06-20-2013 | 02:43 PM
#27
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06-20-2013 | 03:26 PM
#29
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As a follow up to my last thread: http://www.airlinepilotforums.com/re...rspective.html
I crunched the numbers on the percentage of the regional airline pilots that would be required to cover the mandatory retirements in the next 5 years. In case you missed it: 30% of the current regional airline pilots would be required to cover the next 5 years of retirements.
Now, I want to try and figure out how how many current regional airline captains plan on staying and how many plan on moving on? The term "regional lifers" seems to have a bit of a negative connotation, however, for a lot of guys, staying put will lead to a better quality of life.
I simply want to get an idea as to the percentage of guys who are trying to get out vs staying put?
I crunched the numbers on the percentage of the regional airline pilots that would be required to cover the mandatory retirements in the next 5 years. In case you missed it: 30% of the current regional airline pilots would be required to cover the next 5 years of retirements.
Now, I want to try and figure out how how many current regional airline captains plan on staying and how many plan on moving on? The term "regional lifers" seems to have a bit of a negative connotation, however, for a lot of guys, staying put will lead to a better quality of life.
I simply want to get an idea as to the percentage of guys who are trying to get out vs staying put?
06-20-2013 | 03:57 PM
#30
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And that boys and girls, is why you need to plan for that pay cut from the moment you slide over to the left seat. Otherwise you're throwing away a lot of income over the course of a career.
So, as soon as you get that regional Capt raise consider throwing all the additional scratch towards:
- paying down credit cards
- paying down school loans
- paying down car loans OR saving for a better vehicle and not putting zero down
- paying down your current mortgage, HELOC, etc, instead of getting a bigger one OR staying in your current digs and saving for a large down payment.
- etc, etc.
Or, stay where you're at so the majors just hires regional FOs. Won't bother me a bit.
So, as soon as you get that regional Capt raise consider throwing all the additional scratch towards:
- paying down credit cards
- paying down school loans
- paying down car loans OR saving for a better vehicle and not putting zero down
- paying down your current mortgage, HELOC, etc, instead of getting a bigger one OR staying in your current digs and saving for a large down payment.
- etc, etc.
Or, stay where you're at so the majors just hires regional FOs. Won't bother me a bit.
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