PSA Compensation Improvement Rumors
#1
Gets Weekends Off
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Joined APC: Oct 2019
Posts: 151
PSA Compensation Improvement Rumors
PSA pilots have been churning out some interesting talking points via the rumor mill for a couple months now. It's worth discussing here because what's coming around for one of the three wholly-owneds is likely to take similar shape here... eventually.
There have been whispers of improvements to their compensation package to decrease the hemorrhaging of captains to LCCs. The rumor seems a bit wild if true, but with AAG needing to staff their regional feed in light of the biggest hiring spree in decades, it doesn't seem beyond implausible.
Improvement to compensation includes captain's pay rates in the $134-$138 per hour range, 16% defined contribution to one's 401(k) [unsure if it applies to both CAs and FOs], and an undisclosed rate increase of flow to AA.
It seems absurd, but PSA pilots keep parroting similar information. It seems absurd, but desperate times call for desperate measures in terms of recruiting and retention. Now apparently there's going to be strings attached which, depending on what actually gets implemented, might make the offer actually too good to be true at face value. The pay rates and 401(k) contribution may be some form of retainer pay in the form of a minimum commitment to fly as a captain with the company (or until one's flow date). PBS could replace SAP. Perhaps a PSA pilot whose more well-versed in what's allegedly going down could fill us in.
There have been whispers of improvements to their compensation package to decrease the hemorrhaging of captains to LCCs. The rumor seems a bit wild if true, but with AAG needing to staff their regional feed in light of the biggest hiring spree in decades, it doesn't seem beyond implausible.
Improvement to compensation includes captain's pay rates in the $134-$138 per hour range, 16% defined contribution to one's 401(k) [unsure if it applies to both CAs and FOs], and an undisclosed rate increase of flow to AA.
It seems absurd, but PSA pilots keep parroting similar information. It seems absurd, but desperate times call for desperate measures in terms of recruiting and retention. Now apparently there's going to be strings attached which, depending on what actually gets implemented, might make the offer actually too good to be true at face value. The pay rates and 401(k) contribution may be some form of retainer pay in the form of a minimum commitment to fly as a captain with the company (or until one's flow date). PBS could replace SAP. Perhaps a PSA pilot whose more well-versed in what's allegedly going down could fill us in.
#6
Gets Weekends Off
Joined APC: Jul 2018
Posts: 449
I've really got to hand it to some of the guys and gals in our industry and their seemingly psychotic optimism.
The last two major changes at PSA (the AA pay raise, and closing CVG) both occurred without a peep from the rumor mill, so take from that what you will.
The last two major changes at PSA (the AA pay raise, and closing CVG) both occurred without a peep from the rumor mill, so take from that what you will.
#7
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Joined APC: Jul 2008
Posts: 608
Envoy ERJ-175 year 2 captains make $79/hour. The jet has 76 seats. No DC.
To your point, yeah, we're severely under compensated.
#8
Gets Weekends Off
Joined APC: Jan 2017
Posts: 2,510
PSA pilots have been churning out some interesting talking points via the rumor mill for a couple months now. It's worth discussing here because what's coming around for one of the three wholly-owneds is likely to take similar shape here... eventually.
There have been whispers of improvements to their compensation package to decrease the hemorrhaging of captains to LCCs. The rumor seems a bit wild if true, but with AAG needing to staff their regional feed in light of the biggest hiring spree in decades, it doesn't seem beyond implausible.
Improvement to compensation includes captain's pay rates in the $134-$138 per hour range, 16% defined contribution to one's 401(k) [unsure if it applies to both CAs and FOs], and an undisclosed rate increase of flow to AA.
It seems absurd, but PSA pilots keep parroting similar information. It seems absurd, but desperate times call for desperate measures in terms of recruiting and retention. Now apparently there's going to be strings attached which, depending on what actually gets implemented, might make the offer actually too good to be true at face value. The pay rates and 401(k) contribution may be some form of retainer pay in the form of a minimum commitment to fly as a captain with the company (or until one's flow date). PBS could replace SAP. Perhaps a PSA pilot whose more well-versed in what's allegedly going down could fill us in.
There have been whispers of improvements to their compensation package to decrease the hemorrhaging of captains to LCCs. The rumor seems a bit wild if true, but with AAG needing to staff their regional feed in light of the biggest hiring spree in decades, it doesn't seem beyond implausible.
Improvement to compensation includes captain's pay rates in the $134-$138 per hour range, 16% defined contribution to one's 401(k) [unsure if it applies to both CAs and FOs], and an undisclosed rate increase of flow to AA.
It seems absurd, but PSA pilots keep parroting similar information. It seems absurd, but desperate times call for desperate measures in terms of recruiting and retention. Now apparently there's going to be strings attached which, depending on what actually gets implemented, might make the offer actually too good to be true at face value. The pay rates and 401(k) contribution may be some form of retainer pay in the form of a minimum commitment to fly as a captain with the company (or until one's flow date). PBS could replace SAP. Perhaps a PSA pilot whose more well-versed in what's allegedly going down could fill us in.
I’m surprised he hasn’t already been dropping that here himself as well.
#9
Gets Weekends Off
Joined APC: Jan 2017
Posts: 2,510
That was direct compensation. Not taking into account QOL or profit sharing and 401k contributions.
#10
Umm lol, this is a rumor I haven’t heard about. The only rumors going around like fire at PSA is a flow increase (I believe it when I see it) and a DFW base (I don’t see this happening).
I wouldn’t mind a compensation increase though.
I wouldn’t mind a compensation increase though.
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