Totals 2019
Join Date: Mar 2001
Location: I wouldn't know.
Posts: 4,497
Likes: 0
Received 0 Likes
on
0 Posts
EU LCC right hand seat, year 2 (albeit on year 5 pay), 101k gross, 66k net, 540 hours per year on a full time contract. Plus pension contributions of course, 174 days off including vacation.
Join Date: Apr 2014
Location: In a house
Posts: 111
Likes: 0
Received 0 Likes
on
0 Posts
A330
First officer / relief captain.
EUR 90,000 gross basic pay, +/- EUR 20,000 allowances, up to EUR 15,500 bonuses + 35% pension
No short haul, minimum 2 days off after medium haul, minimum 4 after long haul.
2 - 8 trips per month.
46 days annual leave.
Normally 450 - 650 hours a year.
First officer / relief captain.
EUR 90,000 gross basic pay, +/- EUR 20,000 allowances, up to EUR 15,500 bonuses + 35% pension
No short haul, minimum 2 days off after medium haul, minimum 4 after long haul.
2 - 8 trips per month.
46 days annual leave.
Normally 450 - 650 hours a year.
Join Date: Jun 2006
Location: California
Posts: 237
Likes: 0
Received 0 Likes
on
0 Posts
Southwest
B-737 Captain
490 hours block
98 days worked plus 4 paid recurrent training days
$235,000 plus $35,000 to pension fund
Expect an additional 10-12% ($23,000-$27000) profit sharing added to pension fund
Note: I gave away trips. Base pay for a Captain is higher than my earnings.
B-737 Captain
490 hours block
98 days worked plus 4 paid recurrent training days
$235,000 plus $35,000 to pension fund
Expect an additional 10-12% ($23,000-$27000) profit sharing added to pension fund
Note: I gave away trips. Base pay for a Captain is higher than my earnings.
Big UK Airline
A320 FO
Part-time contract (3/4 of normal)
240 days off (average 10 days on/20 days off per month)
520 hours
Gross £58k (usually 15-20% higher but I didn't feel like "helping out" this year).
Interesting to compare to Denti who did similar hours on a full time contract but he/she earned more but had fewer days off.
A320 FO
Part-time contract (3/4 of normal)
240 days off (average 10 days on/20 days off per month)
520 hours
Gross £58k (usually 15-20% higher but I didn't feel like "helping out" this year).
Interesting to compare to Denti who did similar hours on a full time contract but he/she earned more but had fewer days off.
Only half a speed-brake
For the US salaries, what would be the coefficient from GROSS to NET ? Once you retire over there, would the medical insurance cover still continue?
Last edited by FlightDetent; 31st Dec 2019 at 14:53.
Join Date: Mar 2000
Location: Gold Coast
Posts: 71
Likes: 0
Received 0 Likes
on
0 Posts
The federal government provides health care for cheap after you turn 65. Somehow this doesn’t get everybody mad about “socialized medicine,” which is a good thing I guess.
Join Date: Mar 2006
Location: USA
Posts: 2,513
Likes: 0
Received 0 Likes
on
0 Posts
Some (not all) states impose a state tax as well. Likewise, some cities like NYC will also tax its residents.
Other things you do (or don’t do) will change your tax liability.
Join Date: Nov 2010
Location: EU
Posts: 626
Likes: 0
Received 0 Likes
on
0 Posts
my net will be around $217k on $335k gross. I live in California. The state of California got about 30% of those taxes paid and the federal government got the other 70%. California is a high-tax state. The tax numbers are just an estimate at this point (will file my tax return in the spring), but should be pretty close.
The federal government provides health care for cheap after you turn 65. Somehow this doesn’t get everybody mad about “socialized medicine,” which is a good thing I guess.
Join Date: Mar 2000
Location: Gold Coast
Posts: 71
Likes: 0
Received 0 Likes
on
0 Posts
US airlines used to have “defined benefit” pension plans where the company promised to put money away for you and you’d get a certain amount of money each month until both you and your spouse died. That was taken away in bankruptcy court after 9/11.
Currently the major airlines are putting 15-16 cents for every dollar you make into a retirement fund that is owned by you. There are rules that apply to how you can use that money, but essentially you can’t touch it until age 65 unless you want to take a big penalty and pay a bunch of taxes on the disbursement.
So if my gross pay for a month is $10,000, the company deposits another $1,000 in my retirement fund (created by section 401(k) of the tax code, so commonly called a 401(k) account).
The deposits are pre-tax, the money is managed by either you or a professional investment company, and the money is taxed as you withdraw it in retirement.
Currently the major airlines are putting 15-16 cents for every dollar you make into a retirement fund that is owned by you. There are rules that apply to how you can use that money, but essentially you can’t touch it until age 65 unless you want to take a big penalty and pay a bunch of taxes on the disbursement.
So if my gross pay for a month is $10,000, the company deposits another $1,000 in my retirement fund (created by section 401(k) of the tax code, so commonly called a 401(k) account).
The deposits are pre-tax, the money is managed by either you or a professional investment company, and the money is taxed as you withdraw it in retirement.
Join Date: Nov 2010
Location: EU
Posts: 626
Likes: 0
Received 0 Likes
on
0 Posts
US airlines used to have “defined benefit” pension plans where the company promised to put money away for you and you’d get a certain amount of money each month until both you and your spouse died. That was taken away in bankruptcy court after 9/11.
Currently the major airlines are putting 15-16 cents for every dollar you make into a retirement fund that is owned by you. There are rules that apply to how you can use that money, but essentially you can’t touch it until age 65 unless you want to take a big penalty and pay a bunch of taxes on the disbursement.
So if my gross pay for a month is $10,000, the company deposits another $1,000 in my retirement fund (created by section 401(k) of the tax code, so commonly called a 401(k) account).
The deposits are pre-tax, the money is managed by either you or a professional investment company, and the money is taxed as you withdraw it in retirement.
Currently the major airlines are putting 15-16 cents for every dollar you make into a retirement fund that is owned by you. There are rules that apply to how you can use that money, but essentially you can’t touch it until age 65 unless you want to take a big penalty and pay a bunch of taxes on the disbursement.
So if my gross pay for a month is $10,000, the company deposits another $1,000 in my retirement fund (created by section 401(k) of the tax code, so commonly called a 401(k) account).
The deposits are pre-tax, the money is managed by either you or a professional investment company, and the money is taxed as you withdraw it in retirement.
Join Date: Mar 2000
Location: Gold Coast
Posts: 71
Likes: 0
Received 0 Likes
on
0 Posts
Thanks. Some quick calculations show that the amount in a uk pilot pension isn’t that different to you guys (assuming major uk and major us). But your salaries are frustratingly, significantly higher and I always wonder how that became the case. And how your companies still make big profits with such pay for the workforce.
The real pressure was at the lower rungs of the industry where people just weren’t willing to work for the peanuts that were being offered. Around 2013 retirements kicked back in after the 5-year lull due to the mandatory retirement age going from 60-65, and at the same time the 1500 hour rule also kicked in (even first officers need to now have at least 1500 hours). The regionals had to increase pay to attract and keep pilots. I guess those increasing wages pushed wages up further up the career ladder.
Join Date: Mar 2006
Location: USA
Posts: 2,513
Likes: 0
Received 0 Likes
on
0 Posts
US airlines used to have “defined benefit” pension plans where the company promised to put money away for you and you’d get a certain amount of money each month until both you and your spouse died. That was taken away in bankruptcy court after 9/11.
Currently the major airlines are putting 15-16 cents for every dollar you make into a retirement fund that is owned by you. There are rules that apply to how you can use that money, but essentially you can’t touch it until age 65 unless you want to take a big penalty and pay a bunch of taxes on the disbursement.
So if my gross pay for a month is $10,000, the company deposits another $1,000 in my retirement fund (created by section 401(k) of the tax code, so commonly called a 401(k) account).
The deposits are pre-tax, the money is managed by either you or a professional investment company, and the money is taxed as you withdraw it in retirement.
Currently the major airlines are putting 15-16 cents for every dollar you make into a retirement fund that is owned by you. There are rules that apply to how you can use that money, but essentially you can’t touch it until age 65 unless you want to take a big penalty and pay a bunch of taxes on the disbursement.
So if my gross pay for a month is $10,000, the company deposits another $1,000 in my retirement fund (created by section 401(k) of the tax code, so commonly called a 401(k) account).
The deposits are pre-tax, the money is managed by either you or a professional investment company, and the money is taxed as you withdraw it in retirement.
Join Date: Mar 2006
Location: USA
Posts: 2,513
Likes: 0
Received 0 Likes
on
0 Posts
Join Date: Mar 2000
Location: Gold Coast
Posts: 71
Likes: 0
Received 0 Likes
on
0 Posts
