Virgin America Latest and Greatest
01-22-2015, 03:59 PM
#1431
Gets Weekends Off
Joined APC: Jan 2009
Posts: 1,459
Wow! congrats guys! Significant!!! Take a look... I entered in your new rates into my charts, but purposely chose not to sort the data so you can see where you stand against the rest, as well as compare to where you were before. I'll resort you in a week or so.
Major's at a glance
Major's at a glance
01-22-2015, 09:00 PM
#1433
Gets Weekends Off
Joined APC: Dec 2007
Position: Airline #4
Posts: 450
Yep.
Effective 4-1-15:
Capt
160
166
168
171
173
175
178
180
182
185
187
189
FO
52
85
98
104
109
113
116
118
120
123
124
125
Increase in 401k to 12% total.
First 7.5% is 125% matching on pilot's 6% contribution.
Remaining 4.5% is automatic and doesn't require pilot contribution (so if you contribute 0 you still get 4.5%). And, the 4.5% doesn't count toward IRS limits, so it's more like a DCP but within the existing 401k.
Profit sharing formula now based on pure earnings, no algebraic formula based on earnings + longevity (that they capped at 3 years last year).
Won't stop the upcoming(?) card drive, but may reduce some numbers.
I don't think anyone expected this!
Effective 4-1-15:
Capt
160
166
168
171
173
175
178
180
182
185
187
189
FO
52
85
98
104
109
113
116
118
120
123
124
125
Increase in 401k to 12% total.
First 7.5% is 125% matching on pilot's 6% contribution.
Remaining 4.5% is automatic and doesn't require pilot contribution (so if you contribute 0 you still get 4.5%). And, the 4.5% doesn't count toward IRS limits, so it's more like a DCP but within the existing 401k.
Profit sharing formula now based on pure earnings, no algebraic formula based on earnings + longevity (that they capped at 3 years last year).
Won't stop the upcoming(?) card drive, but may reduce some numbers.
I don't think anyone expected this!
01-23-2015, 05:49 AM
#1435
On Reserve
Joined APC: Jan 2015
Posts: 16
Yes, all regionals pay for a hotel. How could anyone afford to go to a regional if they had to pay for hotels during training. $20,000 first year pay and then 1/5th of your first year pay would go to a hotel room during training. Outside of the lovely world of regionals, paying for your own room during training is quite the norm. Have fun dude.
01-23-2015, 06:59 AM
#1436
SDQ Base Chief
Joined APC: Mar 2006
Position: 320 CA
Posts: 5,691
Yep.
Effective 4-1-15:
Capt
160
166
168
171
173
175
178
180
182
185
187
189
FO
52
85
98
104
109
113
116
118
120
123
124
125
Increase in 401k to 12% total.
First 7.5% is 125% matching on pilot's 6% contribution.
Remaining 4.5% is automatic and doesn't require pilot contribution (so if you contribute 0 you still get 4.5%). And, the 4.5% doesn't count toward IRS limits, so it's more like a DCP but within the existing 401k.
Profit sharing formula now based on pure earnings, no algebraic formula based on earnings + longevity (that they capped at 3 years last year).
Won't stop the upcoming(?) card drive, but may reduce some numbers.
I don't think anyone expected this!
Effective 4-1-15:
Capt
160
166
168
171
173
175
178
180
182
185
187
189
FO
52
85
98
104
109
113
116
118
120
123
124
125
Increase in 401k to 12% total.
First 7.5% is 125% matching on pilot's 6% contribution.
Remaining 4.5% is automatic and doesn't require pilot contribution (so if you contribute 0 you still get 4.5%). And, the 4.5% doesn't count toward IRS limits, so it's more like a DCP but within the existing 401k.
Profit sharing formula now based on pure earnings, no algebraic formula based on earnings + longevity (that they capped at 3 years last year).
Won't stop the upcoming(?) card drive, but may reduce some numbers.
I don't think anyone expected this!
01-23-2015, 08:44 PM
#1439
Gets Weekends Off
Joined APC: Mar 2006
Position: guppy CA
Posts: 5,171
Congrats on the pay raises. The restructurings and IPO have put the airline on pretty solid footing. And from looking at your monthly reports, Q4 should be impressive - I estimate that your load factor will be up from 4Q2014 by almost 3%.
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