New Pay Rates on 01 APR 24?
#11
Gets Weekends Off
Joined APC: Jan 2014
Posts: 308
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I’ve heard a few antecedents that they might be relaxing the 3000 total time requirement? Any truth to that? Any rumors on if recruiting has been able to find enough pilots to hire? Seems like if classes are full through July, the answer to my question is probably no.
I had an interview that was cancelled back in December when they changed it.
I had an interview that was cancelled back in December when they changed it.
He never really got a straight answer and he starts class with Netjets soon.
Moral of the story is, if you show up with less than 3000 hours, you'd better have your ATP in hand.
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#14
Gets Weekends Off
Joined APC: Mar 2021
Posts: 249
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I know they are giving interviews to MIL pilots with 2500tt, but think they are pretty set on the 3,000tt if non-MIL. Having said that, given you have A320 time, I'd still drop an app and see what happens. Worst thing they can say is thanks, but ket us know when you get closer to the hiring mins.
#16
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Joined APC: Feb 2020
Posts: 36
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First year FO is $751 per day. Add to that $1000 per quarter ($4000 year) for fuel bonus. Up to 10% (base pay) per year performace bonus. $18000 a year deferred compensation per year (paid out in 3 years). A little overtime here and there.
#17
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Joined APC: Dec 2015
Position: B777 CA
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Those rates haven't been updated on APC.
First year FO is $751 per day. Add to that $1000 per quarter ($4000 year) for fuel bonus. Up to 10% (base pay) per year performace bonus. $18000 a year deferred compensation per year (paid out in 3 years). A little overtime here and there.
First year FO is $751 per day. Add to that $1000 per quarter ($4000 year) for fuel bonus. Up to 10% (base pay) per year performace bonus. $18000 a year deferred compensation per year (paid out in 3 years). A little overtime here and there.
Thanks
#18
On Reserve
Joined APC: Sep 2023
Posts: 10
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Can you please explain how the performance bonus and fuel bonus is calculated? How reliable are those bonuses, sometimes they aren’t paid? What’s the $18,000 deferred compensation based on - a retirement type of compensation? So after three years you get a $36,000 lump sum?
Thanks
Thanks
for the perf bonus, it pays out end of Q1 the following year, but frankly I have to idea how it’s calculated. Something to do with aircraft uptime and crew availability. There’s no way to track how you’re doing against the targets. Most ppl ignore it, and if it shows up then great. I think if you assume receiving 50% of that bonus each year, then you won’t be overly disappointed.
deferred comp: think of it as vesting. At the 3 yr mark it vests quarterly. Each quarter you’d get $4500. It can be put towards your 401k, or taken as cash (but taxed…unless you’ve already maxed your 401k contribution). Again, it’s not very well documented and there’s some ppl frustrated with the “vesting” concept. Is it great? No. Is it bad? No. It’s designed as a retention tool.
#19
Gets Weekends Off
Joined APC: Apr 2016
Posts: 270
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the performance and fuel bonus are kind of frustrating in that it’s not well documented in how they’re calculated or paid out. Basically fly the profile/speeds and you should hit the fuel bonus. If there’s flights that are fubar’d (ie going to NY in the afternoon on a spring day full of tstorms), the pic can email someone in ops to get that flight waived.
for the perf bonus, it pays out end of Q1 the following year, but frankly I have to idea how it’s calculated. Something to do with aircraft uptime and crew availability. There’s no way to track how you’re doing against the targets. Most ppl ignore it, and if it shows up then great. I think if you assume receiving 50% of that bonus each year, then you won’t be overly disappointed.
deferred comp: think of it as vesting. At the 3 yr mark it vests quarterly. Each quarter you’d get $4500. It can be put towards your 401k, or taken as cash (but taxed…unless you’ve already maxed your 401k contribution). Again, it’s not very well documented and there’s some ppl frustrated with the “vesting” concept. Is it great? No. Is it bad? No. It’s designed as a retention tool.
for the perf bonus, it pays out end of Q1 the following year, but frankly I have to idea how it’s calculated. Something to do with aircraft uptime and crew availability. There’s no way to track how you’re doing against the targets. Most ppl ignore it, and if it shows up then great. I think if you assume receiving 50% of that bonus each year, then you won’t be overly disappointed.
deferred comp: think of it as vesting. At the 3 yr mark it vests quarterly. Each quarter you’d get $4500. It can be put towards your 401k, or taken as cash (but taxed…unless you’ve already maxed your 401k contribution). Again, it’s not very well documented and there’s some ppl frustrated with the “vesting” concept. Is it great? No. Is it bad? No. It’s designed as a retention tool.
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