Regional Airlines are Offering Signing and Retention Bonuses to Pilots

The acute shortage of pilots qualified to fly for the airlines is causing regional airlines to offer huge signing bonuses to pilots. Airlines are offering substantial incentives to their pilots to stay at that airline and not leave for other airlines. Comparisons of these incentives are shown in the table below.

Airline Signing/Retention Program Effective Wages Year One
Endeavor $10,000 Training Completion Bonus + 20,000 Retention Bonus. After year one, all Endeavor pilots earn up to $23,000 each year in annual retention payments through 2018 $60,600
Silver $5,000 ATP Tuition Reimbursement as CFI plus $6,000 Retention Bonus OR a $12,000 Signing Bonus $40,600
GoJet $5,000 ATP Tuition Reimbursement as CFI plus $6,000 Retention Bonus OR a $12,000 signing bonus. $3,000 bonus for RJ Type Rating, $10,000 in bonuses if the company reaches pilot hiring targets, $10,000 Pilot Referral Fee. $64,512
Piedmont $5,000 ATP Tuition Reimbursement as CFI plus $6,000 Retention Bonus and $4,000 Signing Bonus OR a $16,200 Signing Bonus, $5,000 for Part 121 Experience. $60,600
PSA $21,000 Signing Bonus, $5000 bonus for CRJ Type Rating, $20,000 First Officer retention bonus after one-year anniversary. $60,000
Envoy Air $5,000 ATP Tuition Reimbursement as CFI plus $6,000 Retention Bonus and $11,100 Signing Bonus OR a $22,100 Signing Bonus, $20,000 retention bonus following one year of service, paid in quarterly $2,500 increments $60,700
Republic $10,000 Signing Bonus, $12,500 Signing Bonus for current Part 121 pilots. $53,700
SkyWest $5,000 ATP Tuition Reimbursement as CFI plus $6,000 Retention Bonus $43,200
Mesa $5,000 ATP Tuition Reimbursement as CFI plus $6,000 Retention Bonus and ATP-CTP, Pilots receive $56,000 in incentive compensation during the first 3 years of employment as a First Officer. $30,000 paid after the completion of training if you choose the E-Jet Aircraft, $22,100 paid after the completion of training if you choose the CRJ Aircraft,$8,000 paid after the completion first year of employment, $8,000 paid after the completion second year of employment, $10,000 paid at the completion of third year of employment. $64,780
Trans States $5,000 ATP Tuition Reimbursement as CFI plus $6,000 Retention Bonus OR a $10,000 Signing Bonus and a $12,000 retention bonus paid at the end of year one, $8,000 at the end of year two. $3,000 bonus for RJ Type Rating, $10,000 in bonuses if the company reaches pilot hiring targets, $1,500 Pilot Referral Fee. $75,000*
Compass $5,000 ATP Tuition Reimbursement as CFI plus $6,000 Retention Bonus $43,000
ExpressJet $5,000 ATP Tuition Reimbursement as CFI plus $6,000 Retention Bonus plus $1,000 profit sharing bonus, $7,500 bonus for having RJ Type Rating. $55,250
Air Wisconsin $31,000 Sign-on Bonuses with $5,000 paid on first paycheck, $26,000 paid at completion of IOE, $18,000 Retention Bonuses $10,000 paid after first anniversary, $8,000 if pilot has not upgraded to Captain, $8,000 Type Rating Bonus -Pilots with Part 91K, 121 or 135 carrier with an ATP and type rating in an aircraft greater than 12,500 lbs. Paid at completion of IOE. $87,300*

The table also shows the effect of the incentives on beginning pay for newly hired first officers. Incentives such as Endeavor’s 4-year Pilot Retention Program also pay dividends well past the beginning of a new pilot’s career.

Flying for the airlines has always been one of the most desirable careers available, and now the airline industry is beginning to make the career more attractive and attainable. Explore aviation as a career choice and you will see that the return-on-investment is the best of any career available today.

One way to make that critical investment in an aviation career a successful one is to obtain the most efficient and time-proven Airline Career-path flight training offered today. When your career depends on it choose ATP, the proven provider of pilots the airlines prefer to hire.

* Assumes that a new-hire pilot will fly 1000 hours in the first year and includes Per Diem, health benefits and Hotel Benefits given under certain circumstances to arrive at this figure.