Clearly not the norm. Won’t happen for the average commercial pilot. However, following career path is already happening at AC:jschnurr wrote: ↑Mon Aug 06, 2018 12:12 pm$10 million over 40 years is an average of $250,000 per year.rudder wrote: ↑Sat Aug 04, 2018 12:11 pm However, with several 24 year olds being hired at AC (vs average age 34 at US legacy carriers). There is total career earning potential well above $10 million available in Canada if you are in the right place a time the right time and were born in the 1990’s.
If it takes you 20 years to make that (say starting at $50K and increasing by $50K every 5 years), then you need to make an average of $375,000 for your last 20 years.
Not sure how this is possible in Canada for the average pilot.
NB CA @$240k/yr age 30/after 2-5 years of service.
Over 1800 AC pilots will retire in the next 15 years. Seniority number 3000 today will be number 1200 in 15 years.
WB CA @$300k/yr age 45 after 17-20 years of service.
In 2018 dollars this would be $3.6MM plus 6MM. Apply inflation over the next 35 years and 8.6MM in 2018 dollars will easily exceed $10MM in total career T4 earnings.
I have had a fairly tame career as far as earnings are concerned yet have earned $3.6MM thus far and will retire in a few years early having earned approximately $5MM. The potential economic career trajectory for a twenty something hired by AC in the last couple of years will dwarf anything seen before due to advancement opportunities driven by historic growth and historic retirement attrition.
Won’t happen for everybody. But will happen for some. There are already instances of Captaincies in the 20’s at several significant Canadian carriers. Even Sunwing and Transat will have younger pilots that have taken advantage of upgrade opportunities making much more over their careers than their predecessors.