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American Airlines Flight Attendants "Narrowly Reject" Concessions - AMR Headed For Bankruptcy
Fox News Channel ^
| April 15, 2003
| N/A
Posted on 04/15/2003 12:23:53 PM PDT by Illbay
Could be a long summer for airline travel!
TOPICS: Breaking News; Business/Economy; Crime/Corruption
KEYWORDS: amr; attendants; flight
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1
posted on
04/15/2003 12:23:53 PM PDT
by
Illbay
To: Illbay
American Airlines Attendants Reject Plan
Reuters, UK - 5 minutes ago
DALLAS (Reuters) - Flight attendants at American Airlines on Tuesday voted against
a concession agreement, paving the way for an imminent bankruptcy filing by ...
2
posted on
04/15/2003 12:25:43 PM PDT
by
kcvl
To: Illbay
In other news, Southwest and Sky Blue triple in size overnight. I guess the union hasn't been reading the papers lately.
3
posted on
04/15/2003 12:25:51 PM PDT
by
Beck_isright
("QUAGMIRE" - French word for "unable to find anyone to surrender to")
Self-inflicted bitterness and wailing in Oak Lawn tonight.
To: Illbay
Take note. Non unionized airlines are doing very well financially.
5
posted on
04/15/2003 12:26:20 PM PDT
by
Phantom Lord
(Distributor of Pain, Your Loss Becomes My Gain)
To: Illbay
American Airlines Attendants Reject Plan
Tue April 15, 2003 03:16 PM ET
DALLAS (Reuters) - Flight attendants at American Airlines on Tuesday voted against a concession agreement, paving the way for an imminent bankruptcy filing by the world's largest carrier, a local news radio station reported.
The airline has said that if its three major union groups do not ratify deals that will help save the carrier $1.8 billion a year in labor costs, American, a division of AMR Corp. AMR.N , would be forced to file for bankruptcy.
News radio station KRLD reported that the union had narrowly rejected the deal and was in talks with the airline to see if they could quickly poll their members again. The two other major unions at American had approved concession deals earlier in the day.
The Association of Professional Flight Attendants voted against a deal that would cut annual pay and benefits for flight attendants collectively by $340 million.
6
posted on
04/15/2003 12:26:56 PM PDT
by
kcvl
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7
posted on
04/15/2003 12:27:44 PM PDT
by
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To: Phantom Lord
I wonder if the flight attendants were given a cup of saki and a "rising sun" bandana before they committed their kamikaze vote?
8
posted on
04/15/2003 12:28:01 PM PDT
by
Beck_isright
("QUAGMIRE" - French word for "unable to find anyone to surrender to")
To: Beck_isright
Flight Attendants Reject Proposed Agreement
UPDATED - Tuesday April 15, 2003 3:23pm
Tulsa - The Association of Professional Flight Attendants has narrowly rejected a proposed wage and benefit concession agreement seen as a way to help American Airlines avoid bankruptcy.
Earlier today, the pilots union and transport workers union approved the concession agreements that called for up to 17.5 percent wage cuts, benefit cuts and some layoffs.
American Airlines says if all three unions do not ratify the agreements, the company will file bankruptcy soon after. If the company declares bankruptcy, it could result in another 8 to 10 thousand job losses.
AMR, American Airlines' parent company, said today that it may allow the flight attendants union to revote if it were the only one of the three to reject the agreement.
Tulsa has a one-billion dollar stake in American Airlines. The airline's payroll in Tulsa is 500 million dollars. The residual income impact -- checks to local businesses and individuals who do business with the airline -- is estimated at about 669-million.
American also pays in about three million dollars in sales taxes to Tulsa each year.
9
posted on
04/15/2003 12:29:20 PM PDT
by
kcvl
Comment #10 Removed by Moderator
To: kcvl
...the union had narrowly rejected the deal and was in talks with the airline to see if they could quickly poll their members again.Sounds like the leaders of the union aren't necessarily in the same place as the rank-and-file.
11
posted on
04/15/2003 12:30:19 PM PDT
by
Illbay
To: Illbay
Enjoy your biweekly $0.00 paychecks, stewardesses!
Yes, I said STEWARDESSES. Bwa-ha-ha!!
12
posted on
04/15/2003 12:30:34 PM PDT
by
Timesink
To: Illbay
Flight Attendants Could Revote, AMR Says
Tuesday April 15, 2003 11:29am
Dallas, TX - A report in this morning's Dallas Morning News says that flight attendants could have a chance to revote on wage and benefit concessions proposed by the airline.
The report says AMR, American Airlines' parent company, says that if the flight attendants' union is the only one of the three unions to vote down the proposal, the company might give them another chance to ratify the agreement.
American set a deadline of ten o'clock Tuesday morning for the flight attendants to have their votes in. The airline is looking to cut 1.8 billion dollars in costs. That would result in about 17 percent pay cuts.
Tulsa has more than seven thousand union members in its Local 514 Transport Workers Union. Their deadline passed at nine o'clock Tuesday morning.
Tulsa's stake in this is more than one billion dollars. American's payroll in Tulsa is more than 500-million dollars and the residual income impact -- checks to local businesses and individuals who do business with the airline -- is estimated at about 669-million.
American Airlines also pays in more than three million dollars in sales tax each year.
American Airlines says if it doesn't get ratification on the agreement, it will file bankruptcy soon after those votes are made public. The airline says it should have all the votes totaled from all of its unions by 11 o'clock.
If the company declares bankruptcy, it could result in another 8 to 10 thousand job losses.
13
posted on
04/15/2003 12:30:54 PM PDT
by
kcvl
To: William Creel
See if you can get her "take" on things.
14
posted on
04/15/2003 12:31:02 PM PDT
by
Illbay
To: William Creel
See if you can get her "take" on things.
15
posted on
04/15/2003 12:31:02 PM PDT
by
Illbay
To: kcvl
Well, I guess McDonald's won't have to worry about finding qualified burger flippers in the Dallas-Ft. Worth area for a while. And if you are applying for one of those "Assistant Manager" jobs at 7-11, you'd best accept now. The AA soon to be former employees will be flooding the market soon.
16
posted on
04/15/2003 12:31:02 PM PDT
by
Beck_isright
("QUAGMIRE" - French word for "unable to find anyone to surrender to")
To: Illbay
The flight attendants sound nearly as comical as the WNBA.
(Now there is a truly clueless group.)
To: William Creel
"My cousin is an American Airline Stewardess."
Correction: "My cousin is soon to be a former American Airline Stewardess."
Fyi.
18
posted on
04/15/2003 12:32:01 PM PDT
by
Beck_isright
("QUAGMIRE" - French word for "unable to find anyone to surrender to")
To: PBRSTREETGANG
I've thought the same thing about the WNBA.
Sounds like they believe all the tripe that the Clinton Era Democrats fed them, that "the era of the woman has arrived."
19
posted on
04/15/2003 12:32:34 PM PDT
by
Illbay
To: Phantom Lord
Non unionized airlines are doing very well financially. Yep. The ol' union straight-jacket weighs down another company.
20
posted on
04/15/2003 12:33:29 PM PDT
by
John123
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