DAYTON, Ohio (WDTN) – A Dayton-based airline announced Wednesday they are making big changes to the way they pay their pilots.
PSA Airlines, a subsidiary of American Airlines based at Dayton International Airport, announced what they are calling industry-leading wages for new-hire pilots, increased bonuses for new recruits and retention bonuses for First Officers and Captains.
PSA says these changes put them at the top of the regional airline industry in first-year compensation.
“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 beginning 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, and 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 that began earlier this year. According to the company, 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.
For more information about the benefits offered to PSA’s pilots go to their website.