World's Highest Paying Airlines

Regardless of what field we go into, I hope everyone on this board has the common sense to begin saving. Doesn't matter if your 18 or 50. It's never too early, and it's sure as hell never too late. I've been saving the bare mininum for about two years now, however, as of late, all this talk of "what if I lose my medical" has really lit a fire under my buns and almost scared me into really taking my savings serious.
 
This thread is cracking me up. I'm going to finally attempt to talk to my dad about airline pay this weekend (something we've never actually done except for him to warn me how crappy regionals pay when I told him I wanted to start flying).

On a side note, I crunched some numbers and discovered that if I'm able to finish my CFI stuff in the minimum time required, I'll have a few hundred bucks left in the bank since I sold a bunch of my crap last week! Of course, immediately thereafter I'll be spending all of my money earned instructing on getting my II and multi engine crap...

But as soon as that's over, I'll start making enough money that by carefully investing it, I will easily retire a millionaire! :whatever:
 
Saying you're GOING to do something and actually being able and willing are two distinctly difference phenomena.

So maybe I should have said, I (hope), instead of "I’m going to". I do hope I will be wise with whatever money I’ve earned and do something smart with it.
 
How am I incorrect?

Cause you can't just take the hourly rate and multiply it by 1000 hours under the assumption that the pilot will fly the 1000 hrs max. Some pilots might not even break the 1000 flight hour per year mark, while others might get more than 1000 hours of flight pay credit, by combination of obtaining junior man pay, weather cancellations that are pay protected, etc. Then of course there is per diem pay too that adds to the equation.

So no, you can't just take an hourly rate and multiply it by 1000 hours and claim that as the annual salary.
 
Don't get me wrong folks, I'm not trying to be a killjoy, but you really have to look at pay rates with a jaundiced eye when you haven't compared the entire contract.

Compensation is very roughly 51% pay rates, 49% work rules. You can have great pay rates, no work rules and it's going to suck monkey butt to work there. Or you can have great work rules and garbage pay rates and it'll still be as bad or as good as you make it.

Retirement, 401k match (and the percentage), "A fund", "B fund", reroute pay, cancellation pay, are you paid block or block or better? Do you get paid for 'minutes under'? Guarantee, no guarantee? Paid trip drops? Will they pay for the inevitable jury duty? Vacation? How many weeks? Are they weeks, or do you get back 4:00 per day? 3:25? 2:15?

Are you paid for recurrent?

Do you have 'good' PBS or 'evil crew scheduling' PBS?

Line of time bidding?

Are you paid for "touching trips" when vacation, training or another month conflicts with your schedule?

You can't simply say, "Carrier A has better rates than Carrier B so Carrier A is where I want to work" without a lot more research.
 
$188 an hr is roughly $188,000 per year. Still probably more than anyone he knows makes, if that what he was saying.

But just as a comparison, in 2012 a UPS second yr FO will bring in $148.80, roughly $149,000. A 15th yr Captain will bring home $261.67 an hr. Thats why I say the days of the 300k airline pilot may not quite be over. And hopefully the legacies can bring the pay up to a level near or better UPS and FedEx. Still I think it will be hard to do in this new day and age of passenger airlines operating as LCCs.
188,000?

Heck a friend of mine and I were dreaming about making 80K....

Seriously, I read people saying how "low" 188K is and I seriously want to shout:

"STOP CRYYYYIIIIING!!! There are those who sacrifice so much to make that, AND ARE HAPPY!......explain your complains!"

Yes, I know I'm young and know nothing, but for me, 70K would be WAY better than where I am now...
 
Don't get me wrong folks, I'm not trying to be a killjoy, but you really have to look at pay rates with a jaundiced eye when you haven't compared the entire contract.

Compensation is very roughly 51% pay rates, 49% work rules. You can have great pay rates, no work rules and it's going to suck monkey butt to work there. Or you can have great work rules and garbage pay rates and it'll still be as bad or as good as you make it.

Retirement, 401k match (and the percentage), "A fund", "B fund", reroute pay, cancellation pay, are you paid block or block or better? Do you get paid for 'minutes under'? Guarantee, no guarantee? Paid trip drops? Will they pay for the inevitable jury duty? Vacation? How many weeks? Are they weeks, or do you get back 4:00 per day? 3:25? 2:15?

Are you paid for recurrent?

Do you have 'good' PBS or 'evil crew scheduling' PBS?

Line of time bidding?

Are you paid for "touching trips" when vacation, training or another month conflicts with your schedule?

You can't simply say, "Carrier A has better rates than Carrier B so Carrier A is where I want to work" without a lot more research.

Wow, I just got edumacated:) Now I get it.
 
Someone was telling me in the JAA/European Aviation Forum that a new hire at BMI starts at US$80k! And that's direct into slot from academy.
Also factor in the wages at a lot of foreign carriers such as CX, they may be lower in dollar amounts, but $50k will go really far in a lot of Asia, and that's starting!

Yes this is correct, just to give a small comparison between Europe and the US
Let's take NetJets Europe vs. NetJets US

STARTING SALARIES JANUARY 1, 2007 FOR NETJETS EUROPE

Captain – PIC
€95,000 = $187,630.23 USD
First Officer – SIC
€56,500 = $110,603.08 USD

NETJETS EUROPE HAS A PROGRAM THAT TAKES PILOTS STRAIGHT FROM ACADEMIES, SO YOUR TALKING ABOUT YOUNG CADETS WITH 250 HOURS MAXIMUM AND AROUND THE AGE GROUP FROM 18-25 YEAR OLDS STARTING WITH $110K A YEAR!

GOTTA LOVE EUROPE .. JOB STILL PAYS WELL AND PILOTS ARE VIEWED AS PROFESSIONALS AND GET THE RESPECT THEY DESERVE.

NETJETS US, BESIDES NEEDING A LOT OF HOURS WHERE IN EUROPE YOU DON'T YOU ALSO START WITH A SALARY OF 40K !!!

EUROPE: 110K STARTING US: 40K !! GIVE ME A BREAK...
 
188,000?

Heck a friend of mine and I were dreaming about making 80K....

Seriously, I read people saying how "low" 188K is and I seriously want to shout:

"STOP CRYYYYIIIIING!!! There are those who sacrifice so much to make that, AND ARE HAPPY!......explain your complains!"

Yes, I know I'm young and know nothing, but for me, 70K would be WAY better than where I am now...

That statement says quite a bit about your ideas on the subject!



You know what........if all you're worried about is making 70 or 80K a year.......go into IT, finance or something similar. You'll be paid well, and you don't have to worry about losing your job over any littany of things or killing hundreds of people (including yourself) at a shot or destroying millions of dollars of equipment over a little mistake, or losing your medical and the only means to your family's survival.....etc!

If you want to be an airline pilot, you should expect to receive the compensation you deserve relative to the risk and responsibility involved. 180K is good money, but it is also earned!

Sooooo, go SHOUT somewhere else about pay, and how much 80K is your dream payrate.

Not trying to attack you personally.....just tired of people saying basically saying how overpaid airline pilots are. :insane:
 
Yes this is correct, just to give a small comparison between Europe and the US
Let's take NetJets Europe vs. NetJets US

STARTING SALARIES JANUARY 1, 2007 FOR NETJETS EUROPE

Captain – PIC
€95,000 = $187,630.23 USD
First Officer – SIC
€56,500 = $110,603.08 USD

NETJETS EUROPE HAS A PROGRAM THAT TAKES PILOTS STRAIGHT FROM ACADEMIES, SO YOUR TALKING ABOUT YOUNG CADETS WITH 250 HOURS MAXIMUM AND AROUND THE AGE GROUP FROM 18-25 YEAR OLDS STARTING WITH $110K A YEAR!

GOTTA LOVE EUROPE .. JOB STILL PAYS WELL AND PILOTS ARE VIEWED AS PROFESSIONALS AND GET THE RESPECT THEY DESERVE.

NETJETS US, BESIDES NEEDING A LOT OF HOURS WHERE IN EUROPE YOU DON'T YOU ALSO START WITH A SALARY OF 40K !!!

EUROPE: 110K STARTING US: 40K !! GIVE ME A BREAK...

:confused:

Think you might want to re-check those exchange rates there sparky!

I wish the Euro to Dollar rate was that high!
 
That statement says quite a bit about your ideas on the subject!



You know what........if all you're worried about is making 70 or 80K a year.......go into IT, finance or something similar. You'll be paid well, and you don't have to worry about losing your job over any littany of things or killing hundreds of people (including yourself) at a shot or destroying millions of dollars of equipment over a little mistake, or losing your medical and the only means to your family's survival.....etc!

If you want to be an airline pilot, you should expect to receive the compensation you deserve relative to the risk and responsibility involved. 180K is good money, but it is also earned!

Sooooo, go SHOUT somewhere else about pay, and how much 80K is your dream payrate.
No, I think he is right. That is a lot of money and a lot of people work a lot harder for a lot less and have a lot of responsibility themselves. We tend to forget how lucky we can be in this great country of ours.
That being said, I do think airline pilots deserve the big bucks for the very reasons you stated.
 
I think some of you may be misunderstanding what 777 was saying about current pilot pay rates. It is not that pilots today make so much money, that by the time they retire, they will all be millionaires. He is saying, that even with the current pay rates, it is well within anybody's reach, if they save and invest properly, to have themselves set up comfortably for retirement.

I read an article in a magazine a while back, about how to make a million. The article talked about a guy who was some kind of an IT Tech with a company, and never made over $40K his entire career, but retired a multi-millionaire, because of saving and investing.

I know someone personally, who is a teacher, and makes less than $40K, who outright paid for a house, because of saving and investing. In today's work place, regardless of your career, it is time to stop relying on the company to plan your retirement, and start doing some proper planning ourselves.

I must say, that I am one who doesn't view pilot salaries as being bad, from a salary standpoint alone. WHen you look at the risks involved, the sacrafice, etc., and overall, the basic responsiblities of the job, is when that salary begins to look smaller - still doesn't mean it is 'bad' money, just 'bad' money for the job. BUT, I have to say .... I have noticed something lately, that is something I haven't really paid much attention to in the past. ... I am currently looking at finishing my degree online. I will probably major in Information Technology. In browsing jobs in Information Technology, I was very surprised to see the jobs I could potentially get, and what they pay, starting out. I could be making $60, $70K, right from the start. While I still plan to become a pilot ... it puts in perspective how FO pay needs to rise.
 
No, I think he is right. That is a lot of money and a lot of people work a lot harder for a lot less and have a lot of responsibility themselves. We tend to forget how lucky we can be in this great country of ours.
That being said, I do think airline pilots deserve the big bucks for the very reasons you stated.

I thik that you need to re-read Cruise's post again!!!
 
I will probably major in Information Technology. In browsing jobs in Information Technology, I was very surprised to see the jobs I could potentially get, and what they pay, starting out. I could be making $60, $70K, right from the start. While I still plan to become a pilot ... it puts in perspective how FO pay needs to rise.

Some comments...60-70K right out of college, in IT, is not common. Depends a lot on who you work for and what you do, what you know, and how you get there. 38-45K is more common for a certified, entry-level guy. We just hired a kid fresh out of the Air Force who was a networking guy - he's making between 51-54K or so.

70-80K per year is a decent salary in today's economy, although the purchasing power of that salary has diminished somewhat in the last 7-8 years. I've been on both sides of that range for a while now, and what I've come to realize is that the adage about "The more you make, the more you spend" is kinda true. When you start getting into that salary range, you really, really want to consider purchasing a house for a number of reasons - tax break being one of the biggest, and long term investment value being another. At higher salaries, you start thinking longer-term rather than living check to check, and those longer-term needs do eat up income. For the greater good, yes, but the actual disposable income may be the same. Get my point?

On the IT industry - it's a lot like flying. You can major in IT, CS or a similar discipline, but what a lot of employers want to see is experience and certifications (think hours and ratings) with the education. Like aviation, a 4-year degree in English or Journalism is perfectly acceptable in the IT fields because they're concerned with practical applications - do you know specific aspects of Networking, Telecommunications, etc and have you done anything in those fields.

If you're going into any of those fields, I highly, highly recommend grabbing any internships you can, and finding some good mentoring-type wings to crawl under where you can learn some real-world stuff. IT is still very much a craft/apprenticeship type field even though it's technically a profession. You'll do well in the long run, like aviation, to network and make contacts. I've helped a lot of people in IT and telecom (and gotten a number of jobs) doing exactly that. ESPECIALLY the part about finding good mentors.

Sales is a whole different ballgame, and that's where all the money is in IT - trust me - but it is a different set of skills that, in my opinion, cannot be well-learned in a classroom environment.
 
That statement says quite a bit about your ideas on the subject!



You know what........if all you're worried about is making 70 or 80K a year.......go into IT, finance or something similar. You'll be paid well, and you don't have to worry about losing your job over any littany of things or killing hundreds of people (including yourself) at a shot or destroying millions of dollars of equipment over a little mistake, or losing your medical and the only means to your family's survival.....etc!

If you want to be an airline pilot, you should expect to receive the compensation you deserve relative to the risk and responsibility involved. 180K is good money, but it is also earned!

Sooooo, go SHOUT somewhere else about pay, and how much 80K is your dream payrate.

Not trying to attack you personally.....just tired of people saying basically saying how overpaid airline pilots are. :insane:
I AM going to be an airline pilot! What are you saying? I know I won't complain about 200K a year. I'm willing to risk to everything to get to my goal, so speak not to me about risk!
You know what, I'm not saying how "overpaid" pilots are, I'm just tired of seeing them whine about supporting a family on 200K when some people do it on 30K (without welfare).
What you said piqued me a little, and I would've gotten a little confrontational (9 months ago, I would've brushed it off).
 
That is a pretty amazing statement. I'm curious if you ever have anything shipped to you and whether you think there is no upper limit to what you'd pay for shipping? Most businesses have to control costs, they can't simply pass every expense increase on to customers without seeing a decrease in demand for their services.

The major (UPS, FedEx) freight pilots have the current luxury of controlling their own pilot supply and working at companies that aren't in financial distress. It doesn't completely immunize them from the free market however and they had better proceed wisely and not overplay their hand.


I think they already did that by not asking for the world in their last contract. I think they could pulled a AA (late 90's walk out) and gotten more, but they weren't too gready.
 
But it's not $188/hr

Compared to a normal 9-5 job it's at least half, or $94/hr. $94/hr (comparatively) really isn't that much for what someone at the top of the payscale at a major has sacrificed and gone thru to get there IMO. Furloughs, PC's, medicals, leave and you go back to year 1 @ $30k/yr, the list goes on forever.


Exactly!
 
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