Avelo Airlines is upgrading pilot compensation to an hourly rate that it believes exceeds all regional carriers and most Ultra-Low-Cost-Carriers (ULCC). This increase marks the fifth pay increase Avelo pilots have received since the airline took flight in April 2021.
Avelo currently employs nearly 170 pilots and continues to add direct-entry captains and first officers every month. In 2024 Avelo expects to add at least five additional American-made Boeing 737NGs to its current 16-aircraft fleet and will open a new pilot and cabin crew training center in Orlando, Florida, at the beginning of the year.
Avelo Airlines Chairman and CEO Andrew Levy said: “The pay increase we are announcing today, combined with the other exceptional benefits and quality of life Avelo offers, will continue to make Avelo a very attractive destination for pilots. Our pilots play a critical role in Avelo’s future, and we look forward to welcoming many more of these outstanding aviation professionals to our airline in the months and years ahead.”
Avelo’s first-year captain hourly pay rate starts at $240 and tops out at $298 at year 12. The first-year hourly pay rate for first officers starts at $131 and tops out at $201 at year 12. The airline also offers an incentive of 125% when pilots fly 75 hours or more.
Avelo is currently accepting applications for direct-entry captains and first officers. Pilots can learn more on Avelo’s website. The new pay scale is effective November 1, 2023.