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.
“The pay increase we are announcing, combined with the other exceptional benefits and quality of life Avelo offers, will continue to make Avelo a very attractive destination for pilots,” said Avelo Airlines chairman and CEO Andrew Levy. “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.”
Headquartered in Houston, Avelo operates a fleet of 16 Boeing 737-700s and -800s with plans to add at least five additional aircraft next year. Its pilot roster stands at nearly 170 employees. The airline stated that it is accepting applications for direct-entry captains and first officers.
“At Avelo Airlines, pilots hire pilots,” said Avelo COO Greg Baden. “This is an exciting opportunity for both direct-entry captains and young professional aviators to get in on the ground floor of an incredible journey as they continue their careers.”
Avelo is also set to open a new pilot and flight attendant training center in Orlando, Florida, at the beginning of 2024.