Management unilaterally set the payrates during bankruptcy. Between Delta and Northwest management, they dictated rates of all of their regionals that they had control over and the rates came out to be the same for every regional involved. If Comair can not make money with the rates that management dictated then they will never be able to make money.
None of this has to do with pilot pay anyway. The demand for regional lift is way down due to fuel prices and even working for free will not change that. Only vote for pay raises and work rule improvements while looking for another job. Go out with dignity. Good luck!