Welcome aboard!
As of late 2023, Legacies had their new contracts! With the new contract, the salaries will substantially increase over the 3-4 year course. Salaries are the most commonly discussed topic among the new pilots and pilots-to-be. Unlike the rest of the world, pilot salaries are determined based on hourly rates in the U.S. That makes the overall calculation more complex than European and Middle Eastern pilot salaries because an individual's salary will be based on how hard or easy he/she wants to work in the U.S. In this video, I wanted to give you a rough idea of how you should calculate the approximate compensation as a Legacy pilot in the U.S. Since we are talking about the money, I'd like to warn you in advance there might be little discrepancies between actual values and presented values. Also, I tried to simplify the equipment-pay rates table and didn't consider blended rates in this video. Before watching, I encourage you to read the disclaimer first at the beginning of the video!
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Timecodes:
00:00 - Intro & new contracts
04:38 - Pay rates in 2024
05:51 - Hours credit & and how to calculate annual salary
08:18 - Pay rates in 2025
09:46 - Longevity
11:22 - Recap of pay rates in 2024, 2025, 2026
12:16 - 401k & Profit sharing
14:09 - Example of annual income of FO, 1st year (Narrow-body)
15:37 - Example of annual income of FO, 2nd year (Narrow-body)
16:18 - Example of annual income of FO, 6th year (Wide-body)
17:24 - Example of the annual income of Capitan, 12th year (Narrow-body)
18:38 - Example of the annual income of Capitan, 25th year (Wide-body)
19:55 - Pre-tax salary & conclusion
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Credits to @FoxMooderAMBIENCEWORLDS for the background video.
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The views and opinions expressed in this video are solely mine and do not necessarily represent the views, opinions, or positions of any company or organization mentioned. I share personal experiences, thoughts, and perspectives, and these should be understood as subjective interpretations. It is important to note that my experiences may vary, and you are encouraged to conduct your own research and make informed decisions. I am not a spokesperson for any company and do not speak on behalf of any employer, past or present.
3 июл 2024