Price vs value
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Join Date: Nov 2004
Location: The Desert but shortly to be HK!)
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Price vs value
A thought for the day....
Rough number of 200 hr fATPL pilots BA need/hire a year = 150
Price of putting them through integrated training = £8mn (assume £55k per cadet)
Price of type ratings = £3mn (assumes £20k per cadet)
Price of training costs of cadets per annum from scratch = £11mn
Price as a % of BA's cost base = 0.2%
Value in terms of goodwill, brand, loyalty of new pilots = Priceless
Food for thought for the accountants who know the price of everything and the value of nothing.
Rough number of 200 hr fATPL pilots BA need/hire a year = 150
Price of putting them through integrated training = £8mn (assume £55k per cadet)
Price of type ratings = £3mn (assumes £20k per cadet)
Price of training costs of cadets per annum from scratch = £11mn
Price as a % of BA's cost base = 0.2%
Value in terms of goodwill, brand, loyalty of new pilots = Priceless
Food for thought for the accountants who know the price of everything and the value of nothing.
Join Date: Mar 2005
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Originally Posted by Grass strip basher
Rough number of 200 hr fATPL pilots BA need/hire a year = 150
(Remember they recruit not just grads, but FOs from other airlines & Pilots from the armed forces)
& With BA;
1) Retirement age goes up from 55 to 60 in Oct 2006
2) Airline is having to wait until it moves to T5 heathrow in 2008 (and once affects of retirement age are known) before reassessing new recruitment numbers.
If you want BA Cadet scheme to restart - expect it no until 2010!
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BA has about 3400 pilots. About 2.5% of pilots reach 55. 2.5% of 3000 is 75 pilots/year assuming static growth. I would hazzard a guess that the OAT induction of 15-20 pilots a year to BA is probabaly their full requirement for fATPLs.
However, BA's expenditure per pilot is about £85K/annum, Virgin's £72K/annum and BMI's £54K/annum. Mind you Britania is comming in at a staggering £98K/annum! Unfortunately, it looks to me like they need to reduce costs, not increase them.
However, BA's expenditure per pilot is about £85K/annum, Virgin's £72K/annum and BMI's £54K/annum. Mind you Britania is comming in at a staggering £98K/annum! Unfortunately, it looks to me like they need to reduce costs, not increase them.
