JetBlue: Below average and it's going to stay that way.

[pilotyip]

please leave so I can be a part of JetBlue.

Ditto long line of salivating pilots at KYIP, just waiting for a chance to go to the promised land. Scheduled flying; new equip, better pay, better benefits, more days off, so please evryone bail as soon as possible

 

[BUDDHA145]

Hahaha!!


Sent from my iPhone using Tapatalk

 

[ultrarunner]

I am not sure if this answers your question.

The peer set, benchmark, is made up of part 121 major passenger airlines. Once a year, I believe in the fall, the pay rates are collected and the numbers crunched, then this rate should become the target for the next year.

Last year when the numbers were taken, it showed a 2.2% shortfall between the target and the current rate.

Mind you, these numbers does not take into account Pilot CASM, an area where the company is way below average due to high productivity.

If you have not seen it, the MIT airline study is a great information source, don't have the link in front of me, but a quick search will find it.

Thanks for the info Dizel. Averages are fairly pointless IMO. Median is more meaningful as is the percentile. Two percent is pretty small, relatively speaking.

 

[Lake Alice]

The 2% is JetBlues estimation for the retirement only and does not accuratelt depict the short fall in monthly contribution. Profit sharing is used as our base retirement compensation although board approval is required on a year toyear basis so not guaranteed. Vacation days we are a minimum of 7 days behind. We have no loss of license. We pay our own insurance on STD and pay cobra rates on LTD.

 

[Dizel8]

UR,

Not a genius, so not quite sure what numbers you want me to produce? I am not being argumentative here by any means, but I presented how the numbers were derived and why it shows a 2.2% shortfall.

So, since I love to learn and since I want to provide you with information you can utilize, please tell me what you feel you are missing?

 

[troll565]

Medical, Retirement, Vacation and Sick time policies.

That's all part of pay, not just hourly rate

 

[J32driver]

That's all part of pay, not just hourly rate

Tell that to mother Blue! They want us to look at the hourly rate and feel pretty good about ourselves. It is when you look at everything else that you start to realize how cheap jetBlue's pilot labor really is compared to the rest of the industry.

The only direct apples to apples comparison is Pilot CASM that can be found in the MIT papers.

 

[troll565]

Tell that to mother Blue! They want us to look at the hourly rate and feel pretty good about ourselves. It is when you look at everything else that you start to realize how cheap jetBlue's pilot labor really is compared to the rest of the industry.

The only direct apples to apples comparison is Pilot CASM that can be found in the MIT papers.

where is this MIT Paper?

 

[ultrarunner]

UR,

Not a genius, so not quite sure what numbers you want me to produce? I am not being argumentative here by any means, but I presented how the numbers were derived and why it shows a 2.2% shortfall.

So, since I love to learn and since I want to provide you with information you can utilize, please tell me what you feel you are missing?

Normally Dizel, a company will bench mark against the industry in each component of the compensation package: Salary, benefits, etc..., and then stack themselves as a percentile against their like-companies. It's a far better measure on where a particular position falls when ranked amongst the industry. And the MIT study may very well do that, I just haven't read it yet.

It's been my experience that no reputable comp studies today take into account any type of "averages". A bench mark percentile against the "median" is a far better picture and shows you exactly where you stand.

Ultra

 

[Flyby1206]

http://web.mit.edu/airlinedata/www/default.html