PSA Airlines today announced two important improvements in its efforts to provide an enhanced compensation package to attract the best and brightest pilots in commercial aviation. The airline will be instituting a First Officer retention bonus and a competitive commuter policy. These valuable additions enhance PSA’s existing industry-leading employment opportunities which offer the highest quality of life in the regional industry and a true pilot flow program to American Airlines.
PSA will be rolling out a one-time $20,000 bonus to all active First Officers which will be retroactively effective May 1, 2016. This retention bonus will be paid in quarterly installments of $2,500 until upgrade to Captain, or the earlier of 24 months. This bonus is another example of how PSA pilots benefit from the stability that comes with PSA employment and the well-defined fleet and growth plan as a wholly owned regional carrier of American Airlines.
In addition, PSA is also instituting a generous enhancement to our commuter policy, providing a $250 monthly allowance that all pilots may use, at their discretion, to offset the cost of commuting hotel expenses.
As a thriving carrier owned by the largest airline in the world, PSA has a defined and committed fleet and growth plan, playing a critical role in American’s long-term regional network. Since 2013, PSA has doubled its size from 49 aircraft to more than 100 aircraft today and will continue to grow to operate 150 Bombardier CRJ aircraft. As a result of this established plan, PSA is poised to hire more than 500 pilots per year over the next several years.