Airline Pilot Central Forums - Regional FO's going to Endeavor (xjt, psa)

Airline Pilot Central Forums (https://www.airlinepilotforums.com/)

- Endeavor Air (https://www.airlinepilotforums.com/endeavor-air/)

- - Regional FO's going to Endeavor (xjt, psa) (https://www.airlinepilotforums.com/endeavor-air/86376-regional-fos-going-endeavor-xjt-psa.html)

Regional FO's going to Endeavor (xjt, psa)

I was jumpseating on shuttle america and the captain said he knows expressjet fo's and psa fo's going to Endeavor. Can anyone verify this?

Regional FO's going to Endeavor (xjt, psa)

I really doubt any PSA guys are going. Even with their bonus one could make more money at PSA, especially since the latest Capt award went to an 8/14 hire.

Quote:

Originally Posted by TallFlyer (Post 1821475)

I really doubt any PSA guys are going. Even with their bonus one could make more money at PSA, especially since the latest Capt award went to an 8/14 hire.

Probably new hires who failed out.

Quote:

Originally Posted by blowtheboots (Post 1821471)

I was jumpseating on shuttle america and the captain said he knows expressjet fo's and psa fo's going to Endeavor. Can anyone verify this?

Yeah, I haven't heard anyone going from PSA to Endeavor. I went from Endeavor to PSA and the only reason I could think of going to Endeavor from here is if you really wanted that SSP interview at Delta...seems risky to me!

The bonus isn't worth it. If I understand correct, $20,000 per year over four years. Bonuses are taxed heavily. You would likely wind up with about 10K per year. Unless you put it into your 401K. In any case, spending 4 years at Pinnacle with no chance of upgrade isn't worth 10K per year. And that's conservative considering they have among they lowest pay rates and yearly caps. Yearly income wouldn't be much more. Not to mention captain pay at a regional with a short upgrade. Just another carrot. No way I'd take the risk of being there for that.

Quote:

Originally Posted by Tacos (Post 1821504)

So much misinformation here.

Quote:

Retention Payment Tax Rumors

There appear to be some rumors regarding the tax implication of the retention payments.

The IRS has rules and regulations that apply to such payments. The income tax withholding rate applied to this type of payment is determined by the federal tax code, which sets the supplemental tax rate at 25%. In addition, states have supplemental income tax rates that apply to payments like these.

The amount of money withheld is an interim step. When each pilot files his tax annual tax return, the pilot’s total income will be taxed at the pilot’s applicable rate, which means that if the pilot’s tax rate is less than 25%, the difference between the 25% rate of withholding and the pilot’s applicable tax rate will be refunded.

Expressjet has lost some F/O's to other regionals... We have also had some of those call and see if they can get their jobs back after 3 months.

Quote:

Originally Posted by blowtheboots (Post 1821471)

I was jumpseating on shuttle america and the captain said he knows expressjet fo's and psa fo's going to Endeavor. Can anyone verify this?

No one from xjt is going over to endeavor according to the latest attrition information. However there are people jumping over to compass and trans states.

Quote:

Originally Posted by Two Kings (Post 1821507)

So much misinformation here.

Yeah, you're correct. The 25% method is the percentage method and probably will be used over an aggregate method. But like you said, it doesnt matter because it all equals out in the end. So a 20k bonus check will still ultimately be taxed at your normal earnings rate when you file for the year.

If I knew my 20,000 was to be taxed higher initially, I would change my withholding on my W4 to allow me to see some of that extra tax dollars be returned back into my paychecks, rather than just wait for a larger refund, on your interest free loan you gave the government.

Wait I heard that the bonus at Endeavor was going to be taxed at 100% and that if you went to Endeavor you would actually have to pay to work there. When I read some of the stuff on this board I wonder if there are children posting on this board. Come to Endeavor or don't but please inform yourself don't making a hasty decision based on the rumor mill. I am sure there are a few people who jumped ship at Endeavor who thought they were sticking it to them and now regret their decision.