Really? Unions did it?
American's union contracts were forged under the threat of a bankruptcy filing by American in 2003.
The unions agreed to contracts calling for $1.62 billion a year in wage and benefit CONCESSIONS to keep the company from canceling wage, benefit and pension agreements in bankruptcy court. The contracts became amendable in May 2008.
AA 767 Pay
CA top $169
FO top $122
DL 767 Pay
CA top $197
FO top $134
AA 737 Pay
CA top $166
FO top $113
AirTran 737 Pay
CA top $171
FO top $107
But yeah, it's those over-paid pilots who created 12 years of sustained yearly losses of hundreds of millions per year...
They're paid under their industry peers, yet Management wants MORE pay and productivity cuts. I'd say the business model that management has created over the least decade plus is flawed... but what do I know.![]()
My understanding is the other unions at AA are the main culprits, similar to the Machinists at Eastern.