Avelo Airlines is upgrading its pilot pay to an hourly rate that it says will exceed all US regional carriers and most ultra-low-cost-carriers (ULCC).
The increase is the fifth pay increase Avelo pilots have received since the airline took flight in April 2021.
Avelo currently employs nearly 170 pilots and continues to add direct-entry captains and first officers every month.
In 2024 Avelo expects to add at least five additional Boeing 737NGs to its current 16-aircraft fleet and will open a new state-of-the-art Pilot and Flight Attendant Training Center in Orlando at the beginning of the year.
Chairman and CEO Andrew Levy said: “The pay increase we are announcing today, combined with the other exceptional benefits and quality of life Avelo offers, will continue to make Avelo a very attractive destination for pilots.
“Our pilots play a critical role in Avelo’s future, and we look forward to welcoming many more of these outstanding aviation professionals to our airline in the months and years ahead.”
Avelo pay rates
Avelo’s first-year Captain hourly pay rate starts at $240 and tops out at $298 at year 12. The first-year hourly pay rate for First Officers starts at $131 and tops out at $201 at year 12. The airline also offers an incentive of 125% when pilots fly 75 hours or more.
The airline’s chief operating officer Captain Greg Baden said: “At Avelo Airlines, pilots hire pilots. This is an exciting opportunity for both Direct Entry captains and young professional aviators to get in on the ground floor of an incredible journey as they continue their careers.
“The quality of life Avelo offers pilots is second to none, and with the lowest flight cancellation rate and the second best on-time performance year-to-date among U.S. carriers, our pilots get home everyday on-time.”
The new pay scale is effective from November 1, 2023.
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