Tail Gunner Joe
Well-known member
- Joined
- Apr 22, 2005
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"Pilots and crew must come down to earth. Strikes at this time are short-sighted nonsense," International Air Transport Association (IATA) Chief Executive Giovanni Bisignani said in his opening address at the body's annual meeting on Monday.
American Airlines owner AMR Corp (AMR.N) has long maintained that its labor costs were above industry average partly because it restructured without declaring bankruptcy, while some rivals were able to slash costs under Chapter 11 protection. American Airlines Chief Executive Gerard Arpey told reporters on the sidelines of the IATA meeting his company had a a staff cost disadvantage of $600 million a year compared to other major airlines.
American Airlines owner AMR Corp (AMR.N) has long maintained that its labor costs were above industry average partly because it restructured without declaring bankruptcy, while some rivals were able to slash costs under Chapter 11 protection. American Airlines Chief Executive Gerard Arpey told reporters on the sidelines of the IATA meeting his company had a a staff cost disadvantage of $600 million a year compared to other major airlines.