Good point. Then again, in 35 months, the face of regional flying will be very different from what it is today, me thinks.

From my understanding, the $23K retention bonus (not $20K) goes thru the end of 2018, contractually.

 

???? Are you saying you are going to sell you 401K holdings because the market goes down?

That money would gain 7-8% annually over 30 years in a S&P 500 fund. And if the market goes down, the pilot gets to buy 162% more at the reduced rate. I'm sure a 25 year old regional pilot will be just fine if the market crashes in his 20's, 30's, 40's, and 50's. Those that keep investing during the crashes have made a killing with what they put in during those years.

And if you don't want to invest, it is 162% vs. 50% more in cash.

Are you trying to say pilots shouldn't take into account the 15-17% DC at DAL, UAL, and AA? That's 15-17% on top of their earnings. 15-17% more they don't have to stash away than their counterparts at airlines without it.

 

"7-8% over 30 years"..... wow.... That's definitely a game changer! If I manage to put $5K in my 401K this year, I would make an extra..... $400/year (that's going to help me withy Starbucks bill).... $12K in 30 years... That's a lot of money to retire on in 30 years LOL. Holy fakk, I need to keep this into account when I chose my first airline.
401K are so solid - like no one ever lost theirs in 2007-2008 - Deal breaker, right there.

Quick question about E9, why do they keep on giving the extra cash that makes them the best-Regional-to-work-for-ever in bonus and not in hourly pay? Why are they trying to retain pilots by paying it every 3 months instead of just pay it in the hourly rate? Not trusting that the working conditions, guaranteed DAL interview (when they believe your time has come) and QOL enough?

Why give salaries comparisons over 3 years? Since we are talking long term investing in 401Ks, flow/interview to a major, and a career, why not talk salary over 5 years?

E9: $2250/months + $23K bonus x 3 = $181K
RAH: $3000/month + 7500 bonus = $187K

Same ****.

 

Why are they trying to retain pilots by paying it every 3 months instead of just pay it in the hourly rate?
.[/QUOTE]

I will give you one strong reason. If Endeavor would have negotiated pay rates the senior CA's would have gotten massive raises. The FO's and new hires would have gotten virtually nothing. Then the problem would not have been solved. This way they were able to get the Money where it was needed to attract and retain pilots.

 

I will give you one strong reason. If Endeavor would have negotiated pay rates the senior CA's would have gotten massive raises. The FO's and new hires would have gotten virtually nothing. Then the problem would not have been solved. This way they were able to get the Money where it was needed to attract and retain pilots.[/QUOTE]


But in a situation where you need to attract and retain NEW pilots, why wouldnt ncontract negotiator find a level field with a starting pay at $40-$42 if t benefits all?


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The thing about a higher rate is that you can also pick up more work, especially on off days, and make a ton more.

 

You obviously don't know how investing works. Let's take your example you put 5000 grand a year into your 401k (which is subpar) and it grows at 8 percent for 30 years. That's 680,629.62 to retire on.

 

The "Regional" sub forum should be renamed to Endeavor recruiting orgy

 

You don't understand how investing works and compounding interest. Since you used 8% of $5000 to come up with $400/year and $12,000 30 years later, here is what really happens. 8% compounded over 30 years would net you an extra $12,000 16 years later ($17,000) and after 30 years it would net you an extra $45,000 ($50,000) total, not $12,000 extra. If you were 25 years old and let it compound for 40 years until age 65, it would then be worth $108,000. And that is only if you put in $5000 once, not every year.

With this attitude you will wonder at age 60, why your retirement prospects don't look as good as others who got a much earlier start than you. Retirement plans matter, especially the earlier you start them.

If your parents put in $5000 when you were born, it alone would grow to $744,000 in 65 years.

No one lost anything in 2007-2008 unless they sold. The S&P 500 went from 1550 to 730 and had since recovered between 1850-2120. That means all of your previous savings still grew. On top of that, anything you invested at the bottom(which you should keep doing in a crash), grew over 250% since 2009, 14.5% annual growth. Even better than 8%.

The retention bonus is earned for every month now, not 3 months. They changed the proration from 3 to 1 month a while ago.

They are paying a $23,000 annual retention bonus (earned monthly) because along with the DAL SSP program and good work rules, they can staff the airline and now grow. I would expect it to continue after 3 years or Endeavor will run into the same problems others are seeing. Staffing will be worse in 3 years, so chances are it will grow even higher. If it doesn't continue, I would not recommend it over others anymore.

A pilot at Endeavor will likely see captain much sooner than RAH at the current rate. Endeavor has a much better attrition rate than RAH (due to the SSP) and will be growing (RAH is likely to shrink)

 

If I had 5000 grand, I'd already be retired!