Originally Posted by
flyer4life
Thanks for that, got it now. Didn’t realise the vacation months would still get 100hrs credit.
A UK easyJet captain of six years service like yourself would be grossing around £135000 plus a measly 7% company pension. Estimate an overall 38% tax rate. Different world eh!
One other thing I forgot to mention is that $352 is the book rate but we get an additional $6.50/hour for international flying (which is all I do). So it's really $358/hour for the flying hours. (The extra $6.50 doesn't apply to FAR 117 extension pay, or vacation pay.)
The example I gave was $425,000 in salary but that didn't include any premium pay. The 2019 taxable income of $495,000 I mentioned did include some premium trips (and last year's profit sharing).
It's damn good money WHILE it lasts. UAL has 12 flights per day from the US to China and they just announced they're cancelling 8 of the 12 daily flights for February and beyond until they get the virus under control. The whole thing could tank in a matter of months if this escalates.