Avelo Airlines Increases Pilot Compensation

Avelo Airlines reports that it has now raised pay rates for captains and first officers five times since its inception.

Kate O'Connor

Tuesday, October 10, 2023 at 08:22 PM ET

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[Courtesy of Avelo Airlines/Bruce Snyder]

Key Takeaways:

Avelo Airlines announced its fifth pilot compensation increase, with first-year captains earning $240/hour and first officers $131/hour, plus incentives for flying 75+ hours.
The airline is actively recruiting direct-entry captains and first officers to support its planned fleet expansion of at least five additional Boeing 737 aircraft next year.
Avelo is investing in pilot infrastructure, including a new pilot and flight attendant training center set to open in Orlando, Florida, in early 2024.

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Avelo Airlines announced on Tuesday that it is increasing compensation for its pilots for the fifth time since the company launched in April 2021.

According to the airline, its first-year hourly pay rate for captains starts at $240 and first officers at $131. The pay rate is capped at 12 years, coming to $298 per hour for captains and $201 per hour for first officers. Avelo reports that it also offers a 125 percent pay incentive when pilots fly 75 hours or more.