Delta vs UPS Contract Comparison
09-10-2016 | 04:30 AM
#11
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They factor in the value of bragging rights. (at least at Delta)
09-10-2016 | 06:24 AM
#12
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From: Retired from APC.
If you average a 30 yr career at $275K/yr that equals 8.3 mil. For UPS, that avg is probably on the low side. Having 3 mil combined in a retirement plan over 30 years isn't that far fetched unless the market ROI drops to less than 4%.
09-10-2016 | 10:22 AM
#13
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From: Always Fly With Favorite Captain
Since study assumed perpetual 3% raises, today's UPS Captain making ~ $300K "should" start making $600K 24 years from now. Six more years after that should yield a salary of ~ $716K.
Additionally, study considered factors besides just salary such as Profit Sharing (DL), B Fund contributions (both airlines), and A fund contributions (UPS), just to name several. So, the $12M figure isn't too much out of whack.
09-10-2016 | 11:02 AM
#14
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Probably looking at benefits, 401K, health care, etc. and hopefully salaries will increase greatly over the next 30 years.
09-10-2016 | 01:48 PM
#15
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From: A350 CA
09-10-2016 | 01:52 PM
#16
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From: A350 CA
Have you not heard of "the rule of 72" ? Divide 72 by the applicable annual interest rate (or annual percentage raises in this case), and you'll come up with the number of years required to double your money, or salary.
Since study assumed perpetual 3% raises, today's UPS Captain making ~ $300K "should" start making $600K 24 years from now. Six more years after that should yield a salary of ~ $716K.
Additionally, study considered factors besides just salary such as Profit Sharing (DL), B Fund contributions (both airlines), and A fund contributions (UPS), just to name several. So, the $12M figure isn't too much out of whack.
Since study assumed perpetual 3% raises, today's UPS Captain making ~ $300K "should" start making $600K 24 years from now. Six more years after that should yield a salary of ~ $716K.
Additionally, study considered factors besides just salary such as Profit Sharing (DL), B Fund contributions (both airlines), and A fund contributions (UPS), just to name several. So, the $12M figure isn't too much out of whack.
for normal senior captains..I highly doubt you will see pilots making 700k a year even 24 years from now. It'll be more like 350k range I assume
09-10-2016 | 01:55 PM
#17
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From: A350 CA
09-10-2016 | 02:14 PM
#18
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24 years ago ( 1992 ) top Captain pay at American, Delta or United was close to 200k a year. Today that number is about 250k
for normal senior captains..I highly doubt you will see pilots making 700k a year even 24 years from now. It'll be more like 350k range I assume
for normal senior captains..I highly doubt you will see pilots making 700k a year even 24 years from now. It'll be more like 350k range I assume
09-10-2016 | 03:01 PM
#19
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From: Retired from APC.
Ok, the IPA put out a group of slides showing average line pay predicted for this new contract. A 12 year FO is at about 272. A 12 year plus CPT will be at 389. Average the career earnings and you're close to 300K/yr. 300x30=9 mil in career earnings.
Assuming living 10 years after 65 at 126/yr = 1.2 mil in A find payout.
Is it inconceivable that one could not amass a multi-mil Bfund + self funded 401 K over 30 years?
12 is low balling it in today's numbers even if you consider delta guys getting their 65 hour guarantee for a few years.
Assuming living 10 years after 65 at 126/yr = 1.2 mil in A find payout.
Is it inconceivable that one could not amass a multi-mil Bfund + self funded 401 K over 30 years?
12 is low balling it in today's numbers even if you consider delta guys getting their 65 hour guarantee for a few years.
09-12-2016 | 09:30 PM
#20
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From: -400 CAPT
Now, a major factor in career earnings is how well you invested your 401k and B-fund monies. This can make a huge difference between retiring pilot A and retiring pilot B.
Bottom line is, the whole career earnings exercise is a "wag" and not very scientific. Your mileage may vary.
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