IN THIS MONTH'S EDITION:
- PAY RAISES TURN INTO GOLDEN HANDCUFFS
- IS THE PILOT SHORTAGE REAL? CONTINUED...
- MONTHLY AIRLINE HIRING UPDATE
- TURNING DOWN A CJO? NOT WISE.
- JOB FAIR NERVES? WE HAVE THE TIPS.
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PAY RAISES TURN INTO GOLDEN HANDCUFFS
In the Summer of 2022, regional airlines started doubling, or in some cases tripling, pay for their pilots with new enhanced pay scales. They also started throwing retention bonuses at pilots in the range of $100,000 or more with MANY strings attached. Many regional pilots opted to stay with their regional airlines instead of continuing to pursue a major airline because of these raises. During the recent hiring boom, major airlines were hiring 2000+ pilots per year. On the old legacy contracts, first year pay was in the $90 per hour range while regional first officers with over 750 hours were making over $150 per hour. A common statement that was made during this time was, "I can't afford the pay cut," or "I'll just wait to flow." Now with airline hiring dramatically reduced, new legacy contracts, and some facing a looming expiration on the increased pay rates, many have to be asking themselves if it was worth it to stay.
During the massive hiring wave, pilots were treated like hot commodities. Regional airlines were throwing as much money as they could (usually with strings attached) at their pilots to slow the attrition. Fast forward to today and now, regionals are facing overstaffing, minimal movement, and are beginning to slip back into the old regional mindset. Many pilots are now beginning to see what they gave up for “temporary” money that has left them with "golden handcuffs" attached to their current airline.
If you were hired roughly one year ago at any of the big-three legacies, you would easily have more than 1000 pilots junior to you and you will soon be approaching your year-two pay rate of more than $178 per hour. Neither of these numbers are a small amount. While you can get hired by a legacy and get these pay rates in the future, you'll never get the seniority back that you have lost by choosing to stay at a regional. So, what do you lose when you choose to give up seniority? Just to name a few, you lose choice of base, choice of vacation weeks, the option to hold a line, a quicker upgrade to captain, the opportunity to fly a wide-body airplane, and many more tangibles and intangibles that directly affect quality of life.
For those who have chosen the golden handcuffs, it's not too late to progress your career with even more earnings down the road provided you sacrifice one year of lower, but still above-average pay. For those who have yet to get here, we know the numbers look large for your first airline job, but keep your legacy goals in mind and keep chasing them.
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Is the Pilot Shortage Real? Continued...
Last month we discussed a topic on which everyone has a strong opinion, it seems. We discussed an interview that David Neelman did with FORTUNE claiming that the pilot shortage wasn't real and that there is an abundance of pilots trying to land jobs right now. He also brought up his opinion that there was only a captain shortage because first officers are making plenty of money to stay in the right seat. So, we took a poll last month, with thousands of responses, and it seems that the majority of our subscribers agreed with David Neelman. Our poll results:
Captain Shortage: 64%
Pilot Shortage: 36%
According to an article by ALPA, there were 11,225 new Airline Transport Pilot (ATP) certificates issued to aviators in 2023, which is a record. If you account for the three major airlines, their seniority lists are around 16000-17000 pilots each. Producing 11,225 ATP-rated pilots each year can quickly produce a glut. While the airline job market has historically been cyclical and can go bust in the blink of an eye, we can look at the average number of retirements and planned growth for the airlines to anticipate the need for pilots in the future. The current production rate of new pilots is based on the hiring boom we saw in 2022 and 2023. We anticipate a more tempered hiring environment in the future which can make landing that dream job a little more challenging.
Airline hiring is constantly changing, and these are the latest updates as of September 15, 2024.
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ATTENDING AN UPCOMING JOB FAIR?
We know first-hand that attending a job fair can be stressful. The dozens of recruiters and thousands of attendees all around you make them hectic events. Meanwhile your sole focus is making the best impression you can to the airline recruiters of your preferred airline.
If you are wanting to stand out from the rest when you have your one-on-one with a recruiter but don't know where to start, we can help!
Aero Crew Solutions offers a one-hour job fair preparation to help you stand out! We will review your résumé and help talk about any questions that may come up about your background. We will also help answer any questions you may have about you or the company.
For more information, or to sign up, CLICK HERE
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| CARGO |
| AIRLINE | HIRING | DETAILS | ABX | YES | Hiring First Officers | Ameriflight | NO | Not currently hiring | AmeriJet | NO | Stopped hiring with furloughs announced | ATI | NO | Not currently hiring | Atlas | YES | Hiring First Officers | FedEx | NO | Has not been hiring for many months | Freight Runners | NO | Not currently hiring | Kalitta | YES | Hiring First Officers | Mountain Air | YES | Hiring DEC's | Omni | NO | Not currently hiring. Offering LOA's | UPS | YES | Hiring 300 First Officers in 2024 | | |
UPCOMING RECRUITING EVENTS |
RTAG Oct 5-6 Fort Worth, TX
NGPA Feb 13-14 Palm Springs, CA
WAI Mar 27-29 Denver, CO
PAPA June 2-4 Las Vegas, NV
TPNx TBD Minneapolis, MN
OBAP Aug 6-8 Tacoma, WA
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ANY AIRLINE HIRING QUESTIONS YOU WANT TO SEE PUBLISHED?
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If you have any recruiting questions that you would like to see us answer in future editions, send an email to newsletter@aerocrewsolutions.com
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