Interesting how come? Big pay jump of 6 figures I assume many would be lured. If your planning on retiring 65-70 that’s still a little while in the left seat.
What 6 figure pay rise would that be? I lost money in going from 744 FO to 767 Captain.
An FO will almost certainly have to bid back to a lower aircraft to get a command. Very few will be in a position to put their hands up for the aircraft that they are on. If they are, they’ve either forgone opportunities for the larger aircraft as an FO, or they’re so old that they’ve been around forever, and could have had command years ago. Both cases carry huge financial penalties.
Going back to that lower aircraft will almost always mean that you’d get less $ as a Captain (on your new type) than as FO on the old. You may be on a higher hourly rate, but you simply won’t have the rosters to make the most of it. It will balance out eventually, but whether you ever fill in the amount ‘under the curve’ will be arguable. I also gave up a huge amount of time off.…measured in years.
But, the biggest issue is nothing to do with money, bidding systems, or time off. It’s simply that the job of Captain is NOT some sort of super FO. Basically the Captain’s job is to be big picture, whilst the FO will look after the housekeeping. I’ve seen any number of long term FOs who are great inside the coughpit, but have no idea of the world beyond the window, and because that’s been their playbook for a long time, it’s very difficult for them to change. A high percentage of them fail to get past the assessment sims required to even start the training.
If they get to start, their odds of actually passing aren’t all that wonderful. And then, if they miss out, they don’t just get to go back to their old (higher paying) seat, as that slot will have been allocated elsewhere. Now they get to be FOs on their new aircraft, at an even lower rate of pay.
All of this is an incentive not to delay. Yes, for many, slots may not have been available, but they’d still need to think long and hard about putting up their hands. If they’ve chosen to delay, enjoyed being senior, and ended up in this position, it’s an own goal.
And if you’re planning on going to 65 or 70…then you really should have kept that first wife.