Moodys revises Jetblue debt to Negative

[G4G5]

How many pilots have a limited 10 year career? Most pilots have a 20+ year career (or that's what one would expect from UPS and Jetblue). Your numbers conviently only show the first 10.

Now we could say that every pilot at B6 will fly 85+ hours or that UPS will get an industry leading contract but we need to talk in absolutes, apples to apples. The only way to do that is to take 12 year capt pay and multiply it by reserve gurantee.

Simple math: Jetblue A320 12 year pay is $139

139 x 75(res gurantee) x 12 months x 10 years = $1,251,000

UPS 12 year wide body pay is $190 (according to airlinepilotpay.com most jr capt is 747 SDF)

190 x 81 x 12 x 10 = $1,846,800

ALMOST $ 600,000 difference!!!!!

Now stop for a second, after 10 or 20 years how much does that JetBlue pilot have in his retirement fund? ZERO DOLLARS! SO you need to reduce your numbers and the numbers above by at least 3% for the 401K match.

 

[thruthemurk]

Shaggy 16,

<<Historically, we have manned about 13 crews per airplane. We had about 150 folks already on the property bid for the 190.

Conservatively estimating 13 aircraft delivered per year would mean 169 (a very nice number) E-190 Capts required in the first year alone.>>

Thanks for taking the time to look at numbers. One note, there are actually about 13 PILOTS per airplane, or 6+ Captains. This means about 80 captains for the first 13 airplanes. Quick math check - currently 82 A320's are worth around 500 Captains vice 1000.

Pilots tend to always look just at pay rates and they are indeed important, but ignoring retirement pay when comparing careers can cause misstate reality by HUGE percentages. For example, a b-fund that pays 10% is actually worth closer to 14% to your bottom line when you factor in its non-taxed status. In addition, differences in benefits like medical can be worth several thousand dollar per year.

Good rough look at basic pay comparison, though. For a 5 year old airline, JB pay is not unreasonable - though definite room for improvement. Lets hope it rises rather than everyone else continuing to fall.

One last note, comparing how much an individual pilot makes because he is hired at an airline that has big growth and rapid upgrade hides the fact that the same job is often being performed for siginficantly less. Captain to Captain and FO to FO comparisons in like aircraft are far less complementary to Jetblue,


Murk

 

[B6Driver]

G4G5,

Why are you spinning on that corn cob so fast over JetBlue?
If your company makes money and pays you so well, why do you care?
I've seen you on the Yahoo BB and a few others *itching about the same thing for years.
Please, get a life and a new hobby because nobody cares about your sad story.
If JB does great and takes over the world, GREAT. If JB falls on its AAss and goes T U, well, that's life. Your weak little sermons are not even worth laughing at any more.

LIFE.....just make the best out of it without the tears.

 

[A350]

G4G5:

Your post is accurate....however one piece of the puzzle is missing.

JB, and for that matter all airlines operate in a fiercely competitive industry where many airlines compete for the passengers out there. The internet, which was to airline revenue as Chernobyl was to Soviet nuclear power has been nothing but a BOON for UPS and FedEx.

The reason the vultures haven't been circling the labor agreements at UPS and FedEx is because there isn't quite the cutthroat competition out there for their services.

Lets compare apples to apples, Please!

A350