Calculating the Value of the Vacation Buy Back Election Option
October 8, 2019
Flight Attendants have the option to “sell back" vacation days at a rate of three hours and fifteen minutes (3:15)of pay per day, plus an .05% incentive payment (Announced at the opening of the annual vacation bid screen).
Annual Vacation Buy Back: The Company offers a vacation buy back option, allowing Flight Attendants to receive pay in lieu of accrued vacation. When choosing this option, Flight Attendants must opt to “sell” at least six (6) full days of accrued vacation, and partial days are not eligible. However, those participating in the Buy Back program may not participate in the Flex program.
NOTE: The rate of pay for Vacation buy back is based on your individual rate of pay as of 12/01/19. International Purser and Purser pay overrides are not included in your hourly rate of pay and are not applicable to Vacation Buy Back payments.
In addition, the Company may offer vacation buy back on a month-to-month or base-by-base basis. The Company will determine whether to offer an incentive payment for month-to-month or base-by-base vacation buy back. Vacation buy back will be awarded in base seniority order.