ja2c

1.1 million dollars a year.... hahaha. That just makes me laugh. That's just north of $21,000 a week. We have FO's making that their first year. He makes more in two weeks than I do in an entire year. 5 work days a week. 8 hours a day. $525 an hour. Roughly $9 a minute.

And your pilot group is costing the company too much money.

Gotcha.

g-code

To be fair he's probably working far more than 40 hours a week...

makersmarc

It's not just here. Executive compensation has gone through the roof everywhere. That segment of running a business has not been kept in check the way other labor costs have. It won't stop until shareholders revolt.

Leroy Smith

Fixed it for you.

The Exec compensation "debate" is mostly symbolic. Shareholders (with a capital "S", not the small beer folks with some shares in their 401k's, etc.) could care less - unless there is malfeasance or incompetance. The $$$ are flowing their way. There will be some "corrections" in exec pay / bonuses, but the real $$$$ will continue to flow from labor's share of the pie to capital's.

tankerdude

Any update on this? Where did you get that info?

MoarAlpha

Earning report conference call at 11am eastern today

C6vette088

Every pilot except for the very senior guys works quite a bit more than 40 hours per week. I consider all TAFB as "work" so if you do 4 days that's 80+ per week.

flyingkangaroo

Yeah it's crazy. One week we decide hiring for the rest of the year, the next week we are done hiring. From what I understand from the last update, all future CRJ classes are tentative.

If you remember a couple weeks ago, I was very surprised that XJT would continue CRJ classes with the loss of almost 20 CRJ's. Short term the erj side will continue to upgrade and hire. The CRJ will stagnate and languish as always but the 70 seat or greater aircraft will be safe. Longer term, the ERJ side will start to lose 50 seat aircraft, Who knows what the plan is for aircraft replacement. One thing is for sure, The company will shrink massively.

It should be understood by future new hires that they will lose significant seniority with the ISL, this is due to the large amount of ERJ hiring. Many of the CRJ FO's will be above them on the combined list and even above some captains on the ERJ side. Not trying to get people excited or start anything, I just want the new hires to know what they are getting into.

MoarAlpha

Damn if I count actual duty it's more than 40.

I did 55 this week. Duty not TAFB. 1 four day and 1 nap.

Vertisch

This is probably closer to how it should be viewed. I am almost at the point where i would be willing to take a SMALL reduction in hourly pay and get paid based on duty time.