airlines, two subsidiaries of American Airlines announced Wednesday that they will increase the starting pay for new pilots to $58,000 or more. Wages for newly minted pilots at PSA Airlines in Dayton, Ohio, will increase from $24.62 to $38.50 an hour. PSA will continue to offer new pilots a $15,000 signing bonus, and a $20,000 retention bonus for co-pilots, or first officers, paid in installments after their first-year anniversary. Starting pilot pay at Irving, Texas-basedEnvoy Air, formerly American Eagle, which operates short-haul or "express" flights for American, will "nearly double" to about $38 an hour. Envoy said it will continue with $20,000 signing bonuses and "guaranteed flow-through" to American Airlines, which operates 70 percent of the flights in Philadelphia. The wages and signing bonuses are an effort to lure new aviators at a time when many senior pilots are near the mandatory retirement age of 65, and it's more difficult and expensive to become a pilot. New federal pilot-rest rules and tougher qualification standards since 2013 require commercial co-pilots, or first officers, to have 1,500 hours of minimum flight experience, up from 250. Fewer young people are opting for cockpit jobs because of the cost of training and low entry pay -- $22,500 to $26,000 to start at the regional airlines, which operate half the nation's scheduled flights. Pilots who make it to the big airlines earn substantially more, $200,000 to $300,000 a year, for a captain on international routes.
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REUTERS/Marco Bello 2/5 left right Venezuela's President Nicolas Maduro talks to the media during a news conference after the 17th Non-Aligned Summit in Porlamar, Venezuela September 18, 2016. REUTERS/Marco Bello 3/5 left right Venezuela's President Nicolas Maduro holds a book with a photo of Venezuela's late President Hugo Chavez as he talks to the media during a news conference after the 17th Non-Aligned Summit in Porlamar, Venezuela September 18, 2016. REUTERS/Marco Bello 4/5 left right Venezuela's President Nicolas Maduro talks to the media during a news conference after the 17th Non-Aligned Summit in Porlamar, Venezuela September 18, 2016. REUTERS/Marco Bello 5/5 By Deisy Buitrago and Girish Gupta | MARGARITA ISLAND, Venezuela MARGARITA ISLAND, Venezuela Venezuelan President Nicolas Maduro reveled in support from leftist allies during a summit of a Cold War-era bloc that wrapped up on Sunday, but critics pilloried him for hosting unpopular leaders such as Zimbabwe's Robert Mugabe and for failing to draw many world leaders. It appears only around a dozen heads of state cheapest flights to San Francisco from the 120-nation Non-Aligned Movement made it to the meeting held on the Caribbean island of Margarita, just off Venezuela's coast, in a blow for a government keen to bolster its international legitimacy. Authorities did not supply a list of attendees. Maduro, hit by low popularity amid a deep economic crisis, hailed the meeting as a triumph. "This summit, we can say, has been a total success, a victory of Bolivarian diplomacy," Maduro told a news conference minutes after closing the six-day event, referring to Simon Bolivar, Latin American independence hero and idol of the socialist revolution in Venezuela. The movement was formed in 1961 by nations wanting to avoid aligning with the United States or Soviet Union though has dwindled in relevance over the years. The most high-profile heads of states in attendance at Margarita were Mugabe, Cuba's Raul Castro, and Iran's Hassan Rouhani, who passed on the presidency of the group to Venezuela on Saturday. Venezuelan authorities promoted the hashtag #TheWorldWithVenezuela on state broadcasts in a bid to show a domestic audience that Caracas had international support, as Venezuela suffers a severe economic crisis with shortages of basic goods, many complaining of hunger and a high murder rate.
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