PSA Airlines Announces Industry-Leading Pay for New-Hire Pilots
September 14 2016 - 9:00AM
PSA Airlines, a wholly owned subsidiary of American Airlines Group
(Nasdaq:AAL), today announced significant changes to its pilot pay
program, including industry-leading 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 – marking a monumental milestone for the airline. These
valuable enhancements, which are effective immediately, elevate PSA
to the top of the regional industry in first-year compensation for
new-hire pilots. This is an important milestone for the company’s
recruiting mission to hire the best and brightest future aviators
in the industry to carry out its future plans as a vital part of
the American Airlines regional network.
“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 percent
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. PSA 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.
As a stable carrier owned by the largest airline in the world,
PSA has a defined and committed fleet and growth plan. Since 2014,
PSA has doubled its size from 49 aircraft to 115 aircraft and will
continue to grow to operate 150 Bombardier CRJ aircraft.
Today’s announcement builds on the success of PSA’s sustained
recruitment platform which includes the recent introduction and
continued development of the airline’s Cadet Program. The program
is the first of its kind and helps the most promising future pilots
make a smooth transition from the classroom at top colleges,
universities and flight schools to the cockpit and offers various
levels of support as the Cadet’s certifications, training and
experience evolves.
For more information about the benefits offered to PSA’s pilots,
please visit: http://www.psaairlines.com/careers/pilots.
About PSA Airlines PSA Airlines operates an
all-jet fleet consisting of exclusively Bombardier regional jet
aircraft. The company’s 2,500 employees operate nearly 700 daily
flights to nearly 90 destinations. Headquartered in Dayton, Ohio,
PSA also has flight crew bases located in Dayton, Cincinnati, Ohio,
Knoxville, Tennessee, and Charlotte, North Carolina. PSA has
maintenance facilities in Dayton and Canton, Ohio and
Cincinnati/Northern Kentucky Airport and Charlotte, North Carolina.
PSA operates 35 Bombardier CRJ200 aircraft, 26 Bombardier CRJ700
aircraft and 54 Bombardier CRJ900 aircraft. The airline expects to
add additional Bombardier CRJ700 aircraft and Bombardier CRJ900
aircraft to its fleet in the next two years, bringing its fleet
count to 150.
Corporate Communications
937-665-2501
jeanholloway@psaairlines.com
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