PSA Airlines compensation packages increased 56 percent
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.
Since 2014, PSA has doubled its size from 49 aircraft to 115 aircraft and will continue to grow to operate 150 Bombardier CRJ aircraft. ■