I looked on airlinepilotcentral.com and I have one question; Under the salary chart on a selected airline's page, there is a pay calculator. What is credit time, that percentage under the hourly rate, and the bid periods. Thanks.
Airline pay credits work like this:
Logged flight time, from pushback at the gate to chocks in at the arrival gate is called 'block time'.
Block time is the starting basis, in hours, for your pay. Beyond that, credit time or credit hours are the pay hours you get for little extras that aren't really loggable flight time, ie, deadheading, run-ups, repositioning the airplane on the airport surface, sitting 'hot reserve', etc.
You take your block hours, or actual flying time, and just call that credit hours, then add the credit hours you got from other things. The total number of hours you get is your total pay credit for the month.
Total hours pay credit x your hourly pay rate= your paycheck, before deductions.
Example: I flew 80 block hours this month. I also did runups, repos, and a few deadheads giving me a credit of 8 more hours. Total pay credit for the month is 88 hours. Times my hourly rate of $24 a month (for example) is
$2112, before deductions, taxes, etc.
Minimum guarantee pay is what you get when your total block or credit hours for a month would not be greater than a certain amount. ie, if you're sitting reserve and not flying all month, you're going to get paid min guarantee. The min guarantee hours (usually 72 to 75, varyingly) times your hourly rate becomes your paycheck for the month.
Ex: 75 hr min guarantee x $24/hr = $1800.
I used $24 because that's year one FO pay at my company.
Keep in mind, you can't always determine where the best pay rate will be at a regional just because of their pay scale. Work rules and how you're compensated for those 'credit time' events varies from place to place. It's possible to fly the same amount of hours in a month at a place that pays a dollar or two less per hour and still make more than somewhere else.
The best way to find out what regional pay is like is to ask someone from that specific company to lay out the specifics for you. It's usually never as simple as it initially seems.
You're on the right track, though. Most folks here are glad to help out with an honest question.
Some have sticks in their a** though so don't let that phase you.
