Delta’s Early Out for Pilots
07-15-2020, 02:04 PM
#41
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Joined APC: Oct 2007
Position: Fairly local
Posts: 1,472
A friend of mine texted me yesterday that 925 pilots at Delta have elected to take the early out program, as of yesterday afternoon. I believe that there is still time left to accept the program. I don’t think that it’s closed yet. The caveat is the 925 pilots can still opt out too.
07-15-2020, 03:29 PM
#43
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Joined APC: Mar 2006
Position: SFO Guppy CA
Posts: 1,112
The secret to the DAL EO program is that 7900 pilots are eligible. If our program only allows age 62+ to be eligible, I bet that we only get 600-700 that'll take it. But if we open it up to the kind of eligibility requirements that Delta has, I would guess that 1500 would probably take it. Delta's EO was targeted towards the North guys that have a frozen pension, from what I've been told.
07-15-2020, 04:57 PM
#44
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Joined APC: May 2006
Position: WB Bunkie
Posts: 1,246
“if only I knew those were the good old days while I was living them”
07-16-2020, 09:15 AM
#45
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Joined APC: Sep 2012
Posts: 510
07-16-2020, 11:44 AM
#46
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Joined APC: Apr 2015
Posts: 491
The exact same deal at United would have less takers because of age demographics. Nothing else. Delta and American just have more pilots that are in the old age groups eligible to take. Also, pilots at Delta and American are mostly just guppy and airbus captains, so a lot of guys flying 777 and 787 Captain with a sweet lifestyle aren’t as likely to take it.
07-16-2020, 12:50 PM
#47
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Joined APC: Feb 2007
Position: 737 FO
Posts: 185
The exact same deal at United would have less takers because of age demographics. Nothing else. Delta and American just have more pilots that are in the old age groups eligible to take. Also, pilots at Delta and American are mostly just guppy and airbus captains, so a lot of guys flying 777 and 787 Captain with a sweet lifestyle aren’t as likely to take it.
07-16-2020, 01:13 PM
#48
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Joined APC: Oct 2014
Position: 756
Posts: 79
The exact same deal at United would have less takers because of age demographics. Nothing else. Delta and American just have more pilots that are in the old age groups eligible to take. Also, pilots at Delta and American are mostly just guppy and airbus captains, so a lot of guys flying 777 and 787 Captain with a sweet lifestyle aren’t as likely to take it.
07-16-2020, 01:48 PM
#49
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Joined APC: Jun 2015
Posts: 4,116
Gotta be an !diot not to take it. Getting in the vicinity of $20,000 to stay at home and not do squat for the next three years. Name a job in America right now that will give you that amount to relax at home? And if rumors are true, you’ll also get 40% of your sick time. Now what will be the pay difference if someone elected not to take it, lose their medical for the next three years until retirement, I’m sure the money would be a lot less at the end.
After 3 months of sick time is burned next 12 months would be at full pay. Then drop to 50% of highest 12 in last 36months. Pre covid W2s were likely 1.5 or more of normal with profit sharing and premium pay.
Plus 401k that doubles from 16% to 32%. My LTD number is easily double the severance payout
07-16-2020, 03:14 PM
#50
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Joined APC: Mar 2006
Position: guppy CA
Posts: 5,171
You make hay while the sun shines and make sure you save a lot for a rainy day. Because in this business, one thing you can count on is some patches of severe turbulence during your career. Aesop's Grasshopper and the Ant's been around for a long time and still holds true today. Aesop's version wasn't too kind to the grasshopper.
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