miles otoole
Well-known member
- Joined
- May 7, 2004
- Posts
- 948
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
I agree, $100K is a great salary, for now. But what is $100K/yr going to be worth 5, 10, 15 years from now. Cost of living continues to increase but pilot salaries stay stagnant or decrease.pilotyip said:Adam Smith applied to the next hiring boom. With salaries going to an unbelievable unacceptable low level of only $150K/yr and benefits, pensions going down the tubes, maybe fewer people will pursue a flying career. Not me because I think anything close to $100/yr is a great salary, so do most of my non-major (legacy) friends. Assuming an elastic demand/supply curve and with a lower supply competing for maybe a lower percentage of the jobs seen in 1999-2001, the percentage being hired per interview may go up. (I personally think the hiring boom of 2007-2009 will have bigger numbers than the hiring booms of past, because there are more airplanes in the sky). So those who really want to fly for a living may be the ones getting the jobs. Those who presently fly airplanes and have talents beyond the cockpit will command higher salaries based upon their marketable skills outside of the cockpit. The 4-year degree will really become unimportant for those pursuing an aviation career.
P.S. I agree those UAL, AA, and USAirways furloughees will never see recall.
I'm currently recalled to Active Duty from my airline job. The pay jumped from ~85K with the airline to ~115K with the military (much of it tax free ). I think it's ironic that guys are now taking voluntary mil leave from their major airline jobs and getting a sizable pay raise in doing so.pilotyip said:At a certain point it will be impossible to attract pilots and salaries will have to be adjusted at that time. Remember back in the 60's when I made $7000/yr as a O-3 pilot in the Navy. It was a unbelievable pay to go a major airline where you could make $25/K per year. Supply and demand in a free market will stablize salaries.
$100K a year is only a good salary for a JUNIOR F/O at a major, that's it.Clyde said:I agree, $100K is a great salary, for now. But what is $100K/yr going to be worth 5, 10, 15 years from now. Cost of living continues to increase but pilot salaries stay stagnant or decrease.
I guess you haven't looked at SWA's compenstation then.pilotyip said:Maybe in the package business, but those day are over in the pax business. And they are never coming back.