Comparing Airlines to Corporate / Charter

First, let’s make it clear that these are all generalities and there are exceptions to every rule.  We are leaving out Contract pilots because it is completely different from the other two in how it is compensated, operated, and structured.  When discussing Corporate / Charter, we are referring to flying via Part 135 or Part 91.  You can include Major Cargo in the Airline category because their pay and benefits are basically structured the same, and in some circumstances are considered even better.

Quality of Life

When we say Quality of Life (QoL), we are often referring to time home vs. away, scheduling predictability, job security, and positive work environment. So lets compare the two in this manner first.

 

Airlines

The airlines are huge corporations with a ton of money coming in and in today’s economy, they have created such a need for their services they are not going away.  This is a form of security for pilots who are hired by a major, because they can count on the company being around for many years.  Additionally, the airline pilots have Unions backing them that are constantly negotiating for better pay and benefits.  Because of this, pilots generally have a greater job security and job satisfaction knowing they are not held at the whim of the company leaderships decisions.  

There is precedent that airlines are not that great at reacting to economic changes, and if you happen to be hired just before a company needs to downsize, you could be up for a furlough and be out of a job pretty quickly.  The Covid-19 pandemic was a great example of this and many pilots found themselves without a paycheck for a while.  This is just an acknowledgement that the airlines are not great all of the time.

The airlines fly all kinds of routes and depending on the type of aircraft and route you fly, your schedule and time away will be different.  The typical CONUS trips are 3-4 days away at a time and some companies you may even be home each night after your flight.  This kind of schedule may not be that hard on the family and when you are off, you are off.  

There is no flight planning or coordinating with users on your part.  You arrive to the aircraft with everything provided and once your day is complete, you leave.  If you fly internationally, you will probably be gone for more days at a time, but then you also get more days off at home as a benefit.  

Generally, you will spend more days at home in a month then you will be on the road, but many veterans have stated they were away more often as an airline pilot, then they were in the military.  This is a tradeoff for the pay and benefits.  

The scheduling can be tricky at times and depending on the company, you may not know your schedule more then a month out.  Additionally, once scheduled, things generally don’t change unless you initiate it.  The greater your seniority, the greater your schedule flexibility is, and the more you get to pick and choose the flights you want to fly, on the days you want to work.

Corporate / Charter

The job security at a corporate or charter company can be hit or miss based on the economy.  If you fly a corporate jet and the company decides to downsize, your job could be gone overnight.  There are generally no unions to back you up if there are issues and no one to help save your job from corporate leadership’s on the spot decisions.  I am not saying this occurs very often, but it is more likely to occur here then in the airlines.

The scheduling can go both ways in this world.  You could be a part of a company that hands you a schedule and you know when you are working months in advance, or you could be on the hook to fly whenever the CEO calls you.  The typical Charter operation generally offers schedules such as 12/10, 8/6, or 7/7 (on duty/off duty).  When you are on duty, there is a good chance you could be away from home the entire time living out of hotels for a week or more.  

Then there are also operations that will have you home every night, or corporations where you hardly fly at all, but still make great money. There are those unicorn jobs that pay a lot and fly very little with great leadership, but as expected, those are hard to come by.

Job satisfaction is person dependent, but many pilots love this lifestyle because of the change in environment, the people they get to meet, the greater control of the operations and the ever increasing quality of life that the companies are producing.  

A lot of pilots here love their jobs and generally only consider moving to the airlines due to the retirement potential, but outside of that, many would say they are very happy where they are at.  They don’t have to see the inside of airport terminals constantly like Airline pilots and they get to avoid the TSA line.  

When they fly their clients somewhere, they may also get to stay and experience the location  for some time before moving on to the next location, which is a perk that many Airline pilots may not experience often.

Pay & Benefits

Airlines

Six figure pay after year one that grows every year and increases dramatically once one becomes a Captain.  NOTE: In the current economy, its not unreasonable to see a low six figures right out of hiring due to pay, benefits, and extras.  Wide body (International) rates are even greater, with $300K being average.  Additionally, there are minimums that the airlines agree to pay every month to their pilots regardless of how much they work.  

The majors are also contributing unmatched 15-16% of a pilots pay, additionally on top of their normal pay, into their 401K, and that number may be increasing with contract negotiations.  So if you are making $150K annually, you’re also receiving an additional $22,500 directly into your 401K without you contributing a cent.  Some airlines also do profit sharing, so if the company has a great year, the pilots receive a piece of that on top of their pay.  

There are also great health benefits that will supplement the pilot should they become medically unable to fly.  They may be paid a percentage of their minimum pay for years until they are able to get their medical back again or until they hit 65.

Corporate / Charter

Your pay in corporate has a lot to do with the type of aircraft you fly and how often you fly.  Captains at these locations have annual salaries in the $110-$200K+ range depending on the size of the aircraft flown.  Their pay will also continue to go up, but finding pilots that have stayed with a company for more than 15 years is not the norm.  In fact, many companies are hurting because their pilots are leaving for the Major Airlines.  

Many companies pay based on hours flown or they might pay based on a salary, it just depends.  If you are a part of the first group, you must be in the aircraft flying in order to make money.  NOTE: In the current market, companies are giving all kinds of bonuses, offering quick upgrades and even preferred basing or home basing.  

The pay and benefits are continuing to rise just like in the airlines. Corporate companies tend to contribute 3-5% to a 401K and typically that is matching, not just a direct contribution.  They cannot compete with the Airlines 401K contributions. The medical benefits are getting better each day and although it may not be as good as the airlines, they often provide short or long term disability but for a limited period.

Summary

What Is It You Really Want?

There are benefits to both career paths depending on the kind of life you want to live.  The airlines have a ton of benefits to offer but also require a lot from their pilots to be gone quite often.  This downside does improve with time and seniority.  

The Corporate / Charter route could allow for greater flexibility and freedom in flying but the benefits are not as great as the airlines.  Either route offer great pay but one will likely be higher then the other in overall pay and benefits.  Reviewing Setting Expectations can help you consider the tough questions and dive deeper into what options are out there.