What is the new AA pilot contract?

What is the new AA pilot contract? American Airlines will pay $9.6 billion in a pilot agreement over four years for wage increases and improved benefits. 72.7% of pilots voted in favor of the latest offer. Agreement includes one-time bonuses, wage increases, and changes to work schedules to enhance reliability and scheduling for crew and passengers.

What is the starting salary for American Airlines pilots?

As a first officer for American Airlines your pay starts at $90 per hour and quickly grows to $137 per hour in year two if you are flying on the Boeing 737 or Airbus A320. The following numbers are an estimate of what you can expect to earn as an American Airlines first officer salary. Updated as of October 2023.

What is the highest paying airline for pilots in the US?

In the USA, the yearly average airline pilot salary (First Officer) in a major airline is $39,000-$119,000, while Captains in the same type of airline can make $70,000-$257,000. Alaskan Airlines, Delta Airlines, Southwest Airlines, and others are topping the list of the best-paying carriers in the country.

What is the new American Airlines pilot contract?

Under the contract, the pay of pilots at the company immediately increased an average of 21 percent upon ratification. By August 2027, total compensation will have increased more than 46 percent, including pay raises and increased retirement contributions by the airline.

Will American Airlines pilots vote on new contract with 41.5% in pay raises?

The industry is facing a travel resurgence, which is boosting pay and work negotiations. On July 24, American Airlines' pilots will begin voting on a new contract that will provide an average 41.5% pay raise.

Do American airline pilots get a pension?

American Airlines, Inc. Pilot Retirement Benefit Program Fixed Income Plan is a single-employer noncontributory defined benefit corporate pension fund based in Fort Worth, Texas.

Can pilots make 700000 a year?

Pilots' pay is reaching astronomical levels, with some of the most experienced aviators earning up to $700,000. The industry's pilot shortage is likely to continue for a few years and airlines are negotiating bumper new contracts, which means pay is expected to keep rising.

At what age do American airline pilots have to retire?

Aviation bill upping pilot retirement age to 67 passed by US House | Reuters.

What is the shortest pilot contract?

Seizing on the collapse of airline hiring in 2020, though, the service changed the terms of its contracts. Gone are three- and four-year contracts; the shortest pilot contract is now five years, which gets you about 70 percent of the maximum retention bonus.

Can an airline pilot make a million a year?

Can a pilot make a million a year? American Airlines pilots earn an average salary of $118,000, with some pilots earning in excess of $700,000. Most importantly, pilot salaries continue to increase. Even international airlines pay well.

How much do American Airlines pilots make in 2023?

How much does a captain earn working for American Airlines? Once the new pay deal is implemented (2023), it will see captains at the top of the payscale receive a base salary of $475,000 for narrow-body aircraft and as much as $590,000 a year for wide-body aircraft.

Which state pays pilots the most?

Which airline pays pilots the most?

Emirates, Qatar Airways, Etihad Airways, and Singapore Airlines are commercial airlines that pay the highest pilot salaries.

Do airline pilots make 300k?

Traditionally a pilot at a regional airline might start out earning less than $50,000 per year, but get hired on by a major airline and that goes up quickly into the six figures, and well over $300,000 for senior captains flying widebody aircraft overseas. Some earn over $400,000.

Can pilots make 400k a year?

Traditionally a pilot at a regional airline might start out earning less than $50,000 per year, but get hired on by a major airline and that goes up quickly into the six figures, and well over $300,000 for senior captains flying widebody aircraft overseas. Some earn over $400,000.

Do some pilots make 500k a year?

For instance, Southwest Airlines pilots earn an average annual salary of $222,000. However, some Southwest pilots earn as much as $549,000. Similarly, United Airlines pilots earn an average of $205,000. The average Delta Airlines pilot earns $192,000 with top-earners making $526,000.