ington6 wrote:I'm recently transitioning for owning a bar/restaurant and would love to get out of this industry. As everyone always says, make your work something you love doing and you will feel like you never worked a day in your life. Luckily this has worked out for me up until now. Iam tired of selling alcohol and love to fly.
So my question is, if there are so few jobs and such low paying jobs in the airline industry, how do you guys fill your tanks to fly 200 plus hours a year? I have a 182 and will have a little nest egg once I sell the bar, but we all gotta have some income to maintain this ever increasingly expensive hobby we all have. How do we do it so that the bank account at least stays the same amount rather than constantly depleting? Anyone have any hints?
Working as a cfi and teaching students part 61 out of the 182 seems like the only way to make money. Already got the plane, love to fly, and would enjoy seeing others take on to something I already care so much about.
Well....
... some like me were just lucky. I had a traditional airline career that paid quite well. As a result I have a very nice airline retirement income. So those worries are behind me unless the country goes bust. Not to say that $6.00 per gallon gas hasn't cut into my flying. Sometimes I have to ask if it really is worth $72.00 per hour in gas alone to play around with the Maule. Owning it, insuring it, maintaining it, annuals, overhaul hourly unit cost, hanger rent, taxes....all told it cost us about $17,000.00 per year to fly it 100 hours. Plus we have a pretty good chunk of cash tied up in the value of the airplane.
Bottom line.... one needs a pretty good chuck of disposable income in order to own and operate their own airplane. Those who have disposable income spend it in lots of different ways. I know guys with boats, motorcycles, motorhomes, etc. who spend more on their toys than I do on our airplane. Say nothing about the fellow you see in a new Red Ford F-250, dual cab, 4X4 with about 400 h.p that lists for over $50,000.00 and gets 12 mpg at $4.00 per gallon. Don't even consider the big camper being towed behind his truck with a tricked out Jeep hooked to the camper.
Those who have the money for toys are just plain lucky. The average income in this country any more will barely feed a family of four. I'd say everyone who frequents this site....is pretty darn fortunate.
As for employment in aviation....there are some very nice paying corporate flying jobs. The fractional operator "NetJets" pays senior captains nearly $200,000.00 a year. The major airlines, while not paying as in previous generations.....still have captains who earn salaries in the top 5% of U.S. income brackets. Lots of major airline copilots earning well into 6 figures. The regional airlines? Well they are actually "contract carriers" to the major airlines, who do not have route systems of their own and were never intended to be career jobs, although senior captains can make a decent salary. Trying to fill the gas tanks as a CFI could be a real challenge however.
For most folks ...a business, career or profession outside of aviation is more likely to provide an income that will support expensive hobbies.
Have fun. Good luck.
Bob