Originally Posted by
JPJP
Consider the source. That $450K number came from Robert Isom’s (CEO of American Airlines) letter to the media. He was negotiating in public. He was also including everything but the kitchen sink, not just the pay for flying.
Notional 12 Year Delta Captain (320/737NG). 1106 pay hours is a realistic average amount. Some less, some more.
- 1106 credit hours per annum @ $335.00 = $370,579.00 ($554,000 Australian dollars)
- company retirement contribution @ 16% = $59,292.00
- profit sharing @ 10% = $37,579.00
- retirement contribution on profit sharing = $9486.00
- per diem = ~ $6000.00
Total = $482,357 ($721,120.00 Australian dollars)
The retirement contribution you’ll never see nor spend until you retire. The per diem is for food in a hotel, and the profit sharing isn’t guaranteed.
Also lower tax rates and lower cost of living (unless you live in NY/Cali) which makes that amount of money go much further.
18 hour long call reserve? Sign me up.