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What's Your Career Worth? Airline Compensation & Trends with Kit Darby
Manage episode 412176919 series 3532176
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It's a fantastic time to be a professional pilot. Timothy P. Pope, CFP® and Kit Darby jump into the current trends and drivers of airline compensation in this last round of contract negotiations. Kit brings his extensive aviation experiences to the table. Kit discusses the wild fluctuations in aviation compensation, detailing the impact of shortages, recessions, and COVID-19 on pilot wages. Kit Compares compensation across the regional carriers and major airlines and highlights the significant shifts in pay scales and retirement benefits. Tim and Kit also discuss recent developments in the cargo sector, including early retirement bonuses and FedEx's offer to its pilot group. Kit shares why forecasting the future of aviation growth is so difficult but points out that half of the equation still looks strong for the next 4 or 5 years. Tim and Kit discuss Kit's services for individual pilots, covering resume review, application guidance, interview preparation, and Expert Witness Services for career value assessments in case of injury or loss.
What You'll Learn in This Episode:
- What's impacting airline compensation right now
- Why you should plan for an economic down-turn in your career
- Why US airlines are in a position strongly compete in a global market
- 2 ways you can make an economic down-turn a personal non-event
- What are Expert Witness Services and why they should be on your radar
Resources
Schedule An Appointment
Our Practice's Website
Kitdarby.com
2023 Major Airline Salary Survey
Send Us Your Questions: [email protected]
Timothy P. Pope is a Certified Financial Planner™and principal owner of 360 Aviation Advisors, LLC (“360 Aviation Advisors”), a registered investment advisory firm. Investment advisory services are provided through 360 Aviation Advisors, in its separate and individual capacity as a registered investment adviser. Podcast episodes are provided through Pilot’s Portfolio, in its separate and individual capacity.
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