Bonus
#2
Gets Weekends Off
Joined APC: Aug 2017
Posts: 344
#3
Gets Weekends Off
Joined APC: Jul 2008
Posts: 161
If you leave before 12 months you have to return the whole amount. If you leave between 12-24 months you have to return half of it. The exception is if can go to UAL through the CPP in less than 24 months.
#4
Gets Weekends Off
Joined APC: Aug 2017
Posts: 344
Technically correct, but I think my point still stands. It comes with strings attached and should not be considered as actual spendable cash until at least year two.
#5
Line Holder
Joined APC: Sep 2018
Posts: 40
Is there any bonus from a regional without strings attached? Serious question, I thought they all had similar requirements, but I have not really looked yet.
#6
Gets Weekends Off
Joined APC: Aug 2017
Posts: 344
I don't know of any without strings, but that doesn't mean there aren't any. The primary difference among the companies is the payback schedule. Republic, for example, only provides around $18K for the bonus but allows you to keep about 60% of that provided you get through training and complete IOE. Hence it's more of a real sign-on bonus than that provided by C5.
#7
Gets Weekends Off
Joined APC: Aug 2009
Posts: 511
Thanks for continuing coming over to the C5 thread and posting incorrect information multiple times about a company that you do not work for.
#8
Line Holder
Joined APC: Sep 2018
Posts: 71
In all seriousness why even apply somewhere you would not even stay 2 years for. That raises questions on your resume and about your work ethic. It cost companies a lot of time and money to train pilots and looks bad if you just show up for a free type rating and recent jet time. C5 gives the whole bonus up front and wants it all back of you leave before 12 months and half of before 24. Most other airlines give you the bonus a little at a time after some milestones like ioe, 6 and 12 months. No paying back but you don't have it all at once.
Last edited by corporategypsy; 11-24-2018 at 04:46 AM. Reason: Add word
#9
Gets Weekends Off
Joined APC: Aug 2017
Posts: 344
In all seriousness why even apply somewhere you would not even stay 2 years for. That raises questions on your resume and about your work ethic. It cost companies a lot of time and money to train pilots and looks bad if you just show up for a free type rating and recent jet time. C5 gives the whole bonus up front and wants it all back of you leave before 12 months and half of before 24. Most other airlines give you the bonus a little at a time after some milestones like ioe, 6 and 12 months. No paying back but you don't have it all at once.
You seem to imply that there is a benefit to getting the bonus up front. That's not the case, at least for me. The bonus is considered compensation. So you pay the taxes up front and, should you leave in the following tax year for any reason and have to return the bonus, you have to chase the IRS down to get your money back. In my particular case the bonus wrecked my tax strategy for the year. I asked if they would defer the bonus and they said "no, we can't do that...the bonus is part of the contract".
Frankly, I hate signon bonuses, strings or no strings. I'd just rather have the bonus wrapped into the pay rates, much as they did at Endeavor...that way everyone on property benefits. However, even Republic's method of distributing portions of the bonus on various milestones makes more sense, because then the money is yours without question.
#10
New Hire
Joined APC: Dec 2018
Posts: 4
On their website it says that you will get "Up To $10,400 after captain upgrade." My FO offer letter does not state this. Should I ask them to include it in writing or has it changed?
Thread
Thread Starter
Forum
Replies
Last Post