JetBlue Question

[LandGreen]

I heard that guys can make up to 150K a year at JB??? Is that true or rumor...if you listen to hotel shuttle chatter you hear they make A LOT less.

Could someone please straighten it out for us

thanks

 

[DeLUSION]

A reserve captain (75 hour gar) will make about $108,000 for the year. I have heard of upwards of $167,000 for the year. These are guys who are flying 95+ credit hours a month and getting Junior Assigned. Every credit over 70 is time and a half. These stories are true, however I would have to guess that $105,000 - $125,000 range is the realistic norm.

 

[54fighting]

Thanks for that clarification. I asked a similar question in a previous post, but it didn't get answered. So would you say that range is pretty much what you could expect per year for average work. You know, not picking up open time or junior manned. I would guess average hours for most pilots are in the 85 hr range. Is that a good guess?

 

[8vATE]

Year 3 captain flying 85 will make 128,200+profitsharing (0 to 10%?)+15% stock purchase (if participating)

 

[holdon]

Check Pilots make upwards of 160K + with overrides and incentives.

 

[54fighting]

What are the upgrades running, about 3 yrs still or a bit longer?

 

[8vATE]

What are the upgrades running, about 3 yrs still or a bit longer?

3+ years is a good guess..

emb190 will shake things up slightly ....

 

[zonker]

3 years to upgrade. 4-5 years to hold a line.

 

[DeLUSION]

LandGreen,

FYI - Profit Sharing only goes into your 401k. It is not your salary. Also, C.S.P.P. (Crew Stock Purchase Plan) will deduct up to 10% of your monthly gross paycheck in after tax dollars. Then, you may sell these shares on the exact day you buy them for a 15% gain. However, if you hold on to your shares as a majority of employees do, there is a diminishing rate of return over time since the stock has been flat.

 

[KC-10 Driver]

Actually, profit sharing is a completely different thing than your 401k. Your profit sharing goes into your JetBlue Crewmember Profit Sharing Retirement Account -- set up similar to a 401k, but completely distinct.

 

[DeLUSION]

Maybe Jetblue has different plans.

My JetBlue retirement savings plan is managed by T.Rowe Price. In this plan, I have my 401k funds and I also have my profit sharing funds (fully vested when given) which are all under the identical account number. How the money gets there is different (401k vs. profit sharing) but what it is for is the same (retirement).

I didn't mean to confuse anyone for using the wrong verbage. 10 is that how you understand it?