PSA Airlines, a wholly owned subsidiary of
American Airlines, has made significant
changes to its pilot pay program.
The changes include improved wages
for new-hire pilots, an increased sign-on bonus for new recruits
and retention bonuses for First Officers and Captains to create a
top-tier compensation structure.
The enhancements are effective immediately.
“PSA’s new pilot compensation program is a true
game-changer for our airline and we are proud to offer the highest
first-year compensation in the regional industry,” said Dion
Flannery, President of PSA Airlines. “This package complements the
unrivaled stability and growth opportunity at our carrier and with
a true seniority-based flow to American Airlines, PSA is
well-positioned to offer prospective pilots the highest paying and
most stable career path in commercial aviation.”
Details of
the new compensation package include a 56% increase to the
starting pay for new-hire First Officers, increasing wages from
$24.62 per hour to $38.50 per hour.
The airline will continue
offering all new-hire pilots a $15,000 sign-on bonus, with an
additional $5,000 for new-hire pilots with CRJ-type experience.
PSA is also implementing a $20,000 retention bonus for First Officers hired under this new program to be paid out in
installments after their one-year anniversary with the company.
The airline is also instituting a $7,500 retention bonus for all Captains
currently employed with the company.
With these changes,
first-year pay for new-hire pilots now tops the regional industry
at $58,500, plus an additional $3,000 with a commuter hotel
allowance program implemented earlier this year.
A pilot starting
their commercial aviation career with PSA can reasonably expect to
reach Captain and earn between $165,000 and $175,000 in
compensation for their first three years of service with the
company.
Since 2014, PSA has doubled its size from 49 aircraft to 115
aircraft and will continue to grow to operate 150 Bombardier CRJ
aircraft.
See other recent
news regarding:
PSA Airlines,
Pilots
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