"The answer is to look at who controls the pilot's union: very senior pilots. The airline management is mostly interested in what percentage of its revenues are paid out to pilots; the distribution of the money among the pilots does not affect profitability. The very senior pilots on the other side of the table say "We need the most senior pilots to get $300,000 in pay and benefits." The airline's response is "The only way that could work is if we pay the new pilots $16,000 per year." The group of senior pilots responds "We can live with that."
Note that being classified as "junior" or "senior" has nothing to do with flying skills or experience. If Captain Sully were to start work today at a regional airline, he would earn between $16,000 and $20,000 per year, depending on the carrier, and fly as first officer. He was "senior" at US Airways, but is "junior" at the new carrier."
"The answer is to look at who controls the pilot's union: very senior pilots. The airline management is mostly interested in what percentage of its revenues are paid out to pilots; the distribution of the money among the pilots does not affect profitability. The very senior pilots on the other side of the table say "We need the most senior pilots to get $300,000 in pay and benefits." The airline's response is "The only way that could work is if we pay the new pilots $16,000 per year." The group of senior pilots responds "We can live with that."
Note that being classified as "junior" or "senior" has nothing to do with flying skills or experience. If Captain Sully were to start work today at a regional airline, he would earn between $16,000 and $20,000 per year, depending on the carrier, and fly as first officer. He was "senior" at US Airways, but is "junior" at the new carrier."