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-   -   How to calculate yearly pay? (https://www.airlinepilotforums.com/regional/98946-how-calculate-yearly-pay.html)

squib 12-19-2016 04:49 PM


Originally Posted by fearofpavement (Post 2265830)
Per Diem is not income per se and I don't think I would factor it in as there will be plenty of expenses that can use that up.

Not income? I don't get why people always make this comment. There are plenty of other expenses that eat up your paycheck as a whole. Is it money in your paycheck? Then yes it is income. "But it's meant to reimburse your expenses on the road blah blah blah." I guess no one buys food or goes out to eat on their days off. Some guys bring a cooler of food for 4 days that they paid $40 for and make $100+ in per diem for the trip.

snackysmores 12-19-2016 05:08 PM

Take the hourly rate and add 3 zeros

PSA help 12-19-2016 05:15 PM


Originally Posted by snackysmores (Post 2265939)
Take the hourly rate and add 3 zeros

And you will be +/- $20,000 of what you will actually earn.

RemoveB4Flight 12-19-2016 06:26 PM

Hourly rate x1000 and monthly guarantee x hourly rate x 12 are both only general estimations that will not be very accurate. As mentioned on the previous page it depends on the individual companies pay policies (cancelation pay, minimum daily guarantee, trip rig, etc.)
At Skywest I typically fly four ~23 hour 4-day trips resulting in around 92 hours credit for the month. Your results would vary based on the types of trips you bid and how much you want to work.

80knts 12-19-2016 06:58 PM

Thanks for all the responses everyone! Did not expect to get this much feedback. Would anyone be able to let me know what their airlines policies are regarding tuition reimbursement? For example if you receive the $11,000 in tuition reimbursement are you still eligible for the new hire bonus? Again, thanks for all the help.

PSA help 12-19-2016 07:06 PM


Originally Posted by 80knts (Post 2266002)
Thanks for all the responses everyone! Did not expect to get this much feedback. Would anyone be able to let me know what their airlines policies are regarding tuition reimbursement? For example if you receive the $11,000 in tuition reimbursement are you still eligible for the new hire bonus? Again, thanks for all the help.

It is typically one or the other, not both.

idlethrust 12-19-2016 08:26 PM


Originally Posted by 80knts (Post 2265805)
I am working on a spreadsheet with all the regional salaries including bonuses and tuition reimbursement that will help with my search for a flight school. I am wondering what a reasonable formula for calculating yearly pay is? Do you usually just multiply the hourly rate by 1,000? Also how do you account for per diem? Thanks!

Go drink a tall cold one and have an intimate moment with your girlfriend and don't worry about it.

Tester130 12-20-2016 04:53 AM


Originally Posted by TimetoClimb (Post 2265811)
Use the aerocrew news grids to figure that out.

This

Most of what you are trying to accomplish has already been done. Unless you enjoy reinventing the wheel, then go take a look at the grids on aerocrew news. They have decent comparisons on all the airlines and will give you an idea of how the regionals differ with respect to some of the variables that folks have mentioned here.

If you are looking for a flight school like you mentioned in your original post, then narrow down your search to a few regionals you would be happy to spend a long time at and then research if they have any programs that will help you pay for training and what schools/universities they have agreements with. Choosing a regional will always end up depending on what is most important to you. The big three people tend to look at are (in no particular order) base location, QOL, and 1st year pay. Some folks also take a look at the iron the airline flies as well.

Best of luck with your research and trying to plot a path forward.


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