goingmissed wrote: ↑Thu Aug 04, 2022 5:31 pm
pacman007 wrote: ↑Thu Aug 04, 2022 4:55 pm
Seems to me there will be a lot of 737 jobs in Canada coming up. But how many of these pilots can actually make a living? Afford a house? Raise a family? To me there are only 2 options. WJ and AC…no point going capt and making less than people on a 1900! My personal thoughts only!
I'm sorry, what?
(Rate * Minimum Yearly Hour Guarantee [MMG * 12] = Expected Base Salary)
Year One First Officer:
WestJet (2022): $64.91 * 900 = $58,419.00
Flair (2020): $69.93 * 960 = $67,132.80
Year Two First Officer:
WestJet (2022): $70.36 * 900 = $63,324
Flair (2020): $74.70 * 960 = $71,712
Year Three First Officer:
WestJet (2022): $88.12 * 900 = $79,308.00
Flair (2020): $77.43 * 960 = $74,332.80+
First Three Years Combined
WestJet = $201,051.00
Flair = $213,177.60
Those rates are off by a lot.
Mainline MMG is 77.5 not 75.
Year one FO WJ is 64.92 * 930 = $60 375.60 *.2 for WSP (If you opt for it which you should if you can) = $72 450.72.
Year 3 for example is the big jump to $89.88 so that is about $101K. Again, gotta include WSP which is 20% at mainline.
Top 737 FO is around $140K mark. Non of this includes per diems and OT of course, just straight base salary which assumes 20% WSP.
If you really want to go the extra mile, one would figure out the tax implications depending on what plan some one is doing but that is too much work.
Now take home pay...that is a different story LOL. We pay LTD/STD, too much for benefits, and 20% taken off if doing the WestJet savings plan; so expect to take home about 35% of what your gross is at WJ until a higher tax bracket where it's even less. But make it through two years (even one year) and you're laughing when you start withdrawing money from the WSP.
Not sure what Flair offers for ERP/ESP so we need those number to have a more comparable comparison.