RECENTLY, there hasn't been too many pay cuts. I think JetBlue saw one for first year FO, but I think the rest of the pay grades went up. I know all the CAs got a pay bump. IMO, that's selling out your junior guys to get more for yourself, but I digress. The problem is the industry hasn't made it back up to the wages that were around before the fecal matter hit the rotating device. Adjusted for inflation, it's gonna be difficult to get back up to that level as well. If it were me, I'm not sure if I would do it now. Not really because of the wages, but more because of the costs associated with training. The return on investment just isn't there anymore. You're gonna spend $100k+ for training and a college degree, and you won't see even $70k a year at most places for 5+ years. That first year as an FO and the years spent even getting to an FO, you're gonna be scraping to pay bills even if you DON'T have a high dollar loan to pay back.
Now, that being said, I do, in fact, love my job. I was lucky enough to get the training done back before oil skyrocketed and training costs went through the roof. I did my training over a long span of time, so I was able to mostly pay as I went. That kept my costs down. I wasn't in much of a hurry since most of the guys furloughed after 9/11 weren't even heading back yet. No sense rushing through things and then having no job to go to. Things are starting to turn around now, and I wouldn't be surprised to see more than just AirTran and Colgan hiring by the end of this year. 2011 is gonna see more people hiring for sure, and 2012 (assuming we don't die in some sort of cosmic cataclysm) has the potential to be a real barn burner. If we can get wages and work rules up at the regional level, this could be well on the way to a good career again.