COMAIR Pilots get $31,000 each severance

[CRJ puppy]

We didn't get severance.... just our final paychecks mailed to our home addresses on file.

About 5 years later, we received a settlement for unused sick and vacation days. Out of about $5000 worth of sick and vacation time, I received a check for $25. (pennies on the dollar).

The only folks who "make out" in these situations are the lawyers..... :banghead:

My final check from "ACA", after deductions was for $00.01!

I kid u not. One cent.

Still have it. Never cashed it.

 

[WMUSIGPI]

There is the difference that Comair is simply being shut down by Delta (parent company) ACA (AKA Independence Air then) went Chapter 7 liquidation. Employees (outside of owed wages which are second behind the IRS, any guess why?) are at the bottom of the list for payout.

 

[CRJ puppy]

There is the difference that Comair is simply being shut down by Delta (parent company) ACA (AKA Independence Air then) went Chapter 7 liquidation. Employees (outside of owed wages which are second behind the IRS, any guess why?) are at the bottom of the list for payout.

My gawd. Thank you. I didn't know. I always wondered why I lost my job there!!

 

[PBRstreetgang]

Did all you bump your head? This is insurance, to prevent guys from rolling over one morning and deciding that this is the day they don't go to work at Comair anymore. The cancellations and disruption to the schedules far exceed any costs of the "severance" packages.
Quit playing checkers.

 

[SiuDude]

What is the tax on a lump sum $31,000 severance payout?

The tax rate will be determined when you file your 2012 taxes, however, the company will withhold 25% of the severance amount. Of course, you can reclaim any overpayment of taxes when you do your return.

 

[V-1]

It's not $31k...at least for most. It's eleven weeks of pay at one's current rate, plus accrued sick time and accrued vacation time.

Unless, of course, someone has been furloughed or on medical leave, then they get nothing.

 

[Beergut]

How much does ALPA get?

 

[CRJ puppy]

It's not $31k...at least for most. It's eleven weeks of pay at one's current rate, plus accrued sick time and accrued vacation time.

Unless, of course, someone has been furloughed or on medical leave, then they get nothing.

Average payout per union presentation is about $32,000. Obvious some will be more, some less.

 

[CRJ puppy]

How much does ALPA get?

None. No ALPA withholding from "severance" payout.

 

[Hovernut]

FOs will get $8326 at the top of the scale, which I believe we are all topped out....before taxes. At least they're paying 100% accrued sick, which is surprising to me. We're probably all at the 3-week vacation accrual, too; so that, and any vaycay that is left over from this year.

Company-paid COBRA for 3 months.
If you can't meet the retirement reqt's, all you get is yield fare travel for as long as you worked here....oh joy! Retirees will at least get S3CR, so they'll be a nudge above the buddy passes.

Would've been nice to get at least a year's worth of current travel at S3C to job hunt, etc.

So, that $20mil doesn't quite work out to quite the windfall per-pilot (mis)represented in the news article. It's likely the 'whole pie' that gets split up amongst the various payouts listed above.

 

[wrigley23]

No FO is getting anywhere close to 31K, this is an average number across the board including cobra cost to the company, the 30 year Capts inflated this number substantially (just like in the USA Today when it says the average pilot in the US makes 80k). After taxes it's not much. It's pretty much what PBR said, insurance policy for Delta so people keep showing up til the end. And it's worked, sick calls went from 25% a day to less than 5% ever since this was announced.

 

[brokeflyer]

wow 31k?....and management is taking over 35 million EACH.

our government is wrecking this country. They make everything so expensive the only way to survive is to have a union. then the company cries because they only make 50 million profit with a union compared to 60 million without.

 

[kommutrdog]

Did all you bump your head? This is insurance, to prevent guys from rolling over one morning and deciding that this is the day they don't go to work at Comair anymore. The cancellations and disruption to the schedules far exceed any costs of the "severance" packages.
Quit playing checkers.

Ding! Ding! Ding!
Winner. Winner. Get your chicken dinner.

At least someone else gets it.

 

[HelloNewman]

It sucks but that is the unfortunate reality of doing contract work.

 

[N813CA]

contract work? Delta owns Comair until next month...

 

[spitfire1500]

What kind of severance are the CEO and upper management getting.....

 

[greed]

They will make more than first year Skywest and go jet pilots and not have to flip a single switch, while I'm a it, they will also make more than first year usair pilots!

Very true, and when you add it to unemployment until a new job can be made, it helps. Good luck guys (and gals) hope you all rebound soon.

 

[DCAA320]

... more than first year usair pilots!

Wrong


USAPA SUX

 

[JJET44]

wow 31k?....and management is taking over 35 million EACH.

our government is wrecking this country. They make everything so expensive the only way to survive is to have a union. then the company cries because they only make 50 million profit with a union compared to 60 million without.

Dude, with your point of view, your comments, you just summed up why your user name is what it is! Oh and why our country is in the $h1ter.
I left the airline industry a while ago because I hated being surrounded by coworkers that belly-ached about the company and that I was starting down that track too.

No one owes you anything. The company dosen't work for you, you work for it.
Be grateful that they're giving you something. Especially the way you guys acted in the late 90's early 2000's.

Just saying!

 

[comrcap]

Dude, with your point of view, your comments, you just summed up why your user name is what it is! Oh and why our country is in the $h1ter.
I left the airline industry a while ago because I hated being surrounded by coworkers that belly-ached about the company and that I was starting down that track too.

No one owes you anything. The company dosen't work for you, you work for it.
Be grateful that they're giving you something. Especially the way you guys acted in the late 90's early 2000's.

Just saying!

And exactly how did we act in the 90's and early 2000's?