B767Driver
New Member
I'm ex-TWA. TWA is a depressing story...along with Eastern, Braniff, PanAm, etc.
From the early 1940s to the late 1970s, all TWA new hire pilots were the best of their time. It was the premiere international airline...in the world. In the 1970s when American Airlines increased their advertisement in Europe...TWA sold more tickets...TWA was viewed as the American airline.
As this old guard of TWA pilots (the best of the day when they were hired) retired over the past few years...their peers at American, Delta and United were collecting retirements in the neighborhood of $1.5 million in a lump sum plus $4000 to $5000 in a monthly annuity....the TWA pilots are retiring on no lump sum payment and a Pension Benefit Guarantee Corp payout of approx $2000 per month.
From the early 1940s to the late 1970s, all TWA new hire pilots were the best of their time. It was the premiere international airline...in the world. In the 1970s when American Airlines increased their advertisement in Europe...TWA sold more tickets...TWA was viewed as the American airline.
As this old guard of TWA pilots (the best of the day when they were hired) retired over the past few years...their peers at American, Delta and United were collecting retirements in the neighborhood of $1.5 million in a lump sum plus $4000 to $5000 in a monthly annuity....the TWA pilots are retiring on no lump sum payment and a Pension Benefit Guarantee Corp payout of approx $2000 per month.