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Chances of exceeding minimum guarantee yr 1
Curious as to thoughts on exceeding minimum guarantee as a year one FO based in FLL. I understand it is likely impacted by time on reserve, etc. However, what are your thoughts on ability to break monthly minimum year one. Assume i started OE today.
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For financial planning purposes - ZER0
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If you bid reserve strategically, you can get x list pretty easily. Front or backload reserve and waive the 4 days off to give yourself a big chunk of time off to sit on the x list. Once you’re a line holder, you can definitely credit more.
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Agree with banana never financially plan for more than minimum. Looking to prove financials to someone for a loan of some kind? Best you can/should do is minimum.
However the chances of breaking minimum would 100% be on you, your availability and willingness to work. On reserve you’ll rarely credit more than minimum from reserve but depending on your schedule and time of the year/environmental factors there may be premium to pickup. Which is always above mmg. Once you’re a line holder it’s 100% on you. Work for straight pay and each 50-100% above mmg or take your chance with getting called for premium and working very little. |
Originally Posted by Justabusdriver1
(Post 3622071)
Agree with banana never financially plan for more than minimum. Looking to prove financials to someone for a loan of some kind? Best you can/should do is minimum.
However the chances of breaking minimum would 100% be on you, your availability and willingness to work. On reserve you’ll rarely credit more than minimum from reserve but depending on your schedule and time of the year/environmental factors there may be premium to pickup. Which is always above mmg. Once you’re a line holder it’s 100% on you. Work for straight pay and each 50-100% above mmg or take your chance with getting called for premium and working very little. I asked ChatGPT and this is what it said. Your financial planning should be based on reserve guarantee and that alone. If I were a magic eight ball and not a stellar AI I would say “Cannot predict now.” |
Originally Posted by GlorifiedBusDVR
(Post 3621568)
Curious as to thoughts on exceeding minimum guarantee as a year one FO based in FLL. I understand it is likely impacted by time on reserve, etc. However, what are your thoughts on ability to break monthly minimum year one. Assume i started OE today.
While on reserve you can list for x/y if you want to get additional flying. If you're willing to work on some days off you'll have the opportunity. Once you're a line holder you can work as much or as little as you want. With how things are today the chances of crediting over guarantee are 100% if you want it. |
Originally Posted by Bluediver
(Post 3622236)
I asked ChatGPT and this is what it said.
Your financial planning should be based on reserve guarantee and that alone. If I were a magic eight ball and not a stellar AI I would say “Cannot predict now.” |
Originally Posted by putzin
(Post 3622431)
How does it feel about seniority integration, RS or DoH?
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Originally Posted by PossibleDeviation
(Post 3622370)
As others have said plan for guarantee for financial planning.
While on reserve you can list for x/y if you want to get additional flying. If you're willing to work on some days off you'll have the opportunity. Once you're a line holder you can work as much or as little as you want. With how things are today the chances of crediting over guarantee are 100% if you want it. |
Originally Posted by Czpilot
(Post 3622608)
How long it takes to hold a line ?
IAH: 6 months (probably will increase) LAS: 7 months Others: 8 months-1 year |
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