American Airlines y US Airways discuten posible fusion
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American Airlines cancels flights as labor talks drag on
American Airlines cancels flights as labor talks drag on
merican Airlines is cutting the number of flights through next month as contract negotiations with pilots stall and talks with US Airways about a possible merger continue.
The carrier, whose parent company, AMR, declared bankruptcy in November, says it will scale back the rest of its September and October schedule by about 1% to 2% because of an increase in pilots calling in sick and in maintenance reports filed by flight crews.
"We are constantly evaluating our schedule based on operational and staffing resources, as well as seasonal demand, making adjustments when necessary," American spokeswoman Andrea Huguely says.
She says the schedule changes will have a minimal effect on customers' travel plans.
American, which has lost more than $10 billion in the last decade, has been trying to cut annual labor costs by about $1.1 billion. To do so, it has negotiated new contracts with unions representing flight attendants and mechanics. But the Allied Pilots Association, the pilots' union, rejected the airline's last offer, and relations between the two parties have soured.
American had said that if the pilots rejected its offer, it would impose its own work rules. Last week, it lived up to the promise and announced such cost-cutting measures as partnering with more regional carriers, which could result in the loss of pilot jobs. The airline also cut one of the pilots' pension plans.
"The pilots of American Airlines are angry," APA President Keith Wilson wrote in a letter to members on Tuesday.
So angry that they are conducting a strike authorization vote although they aren't legally allowed to strike unless they get government approval.
Nonetheless, Tom Hoban, spokesman for the pilots union, says it has "neither condoned nor supported any kind of sickout."
Nor has the union noticed any significant increase in the number of pilots calling in sick, he says.
According to website FlightAware, which tracks flights, American and regional arm American Eagle on Sunday canceled 92, or 2.7%, of its flights. On Monday, there were 73 cancellations, or 2.1% of flights. Other major carriers canceled 0.9% of flights on Sunday and 0.4% on Monday.
American has cited high labor costs as a main reason it's lost so much money over the years.
This week, the airline notified 11,800 workers that they are eligible for layoffs. Originally, the airline had estimated it would cut 14,000 positions.
Bruce Hicks, an American spokesman, says the company expects to let go of only about one-third of its original estimate. "Expect the ultimate impact on jobs will be far less than the number of those notified," he says.
The pilots say the best outcome for American, its employees and customers would be a marriage with US Airways. And though they agreed to a new contract with American, the flight attendants and mechanics agree.
All three groups have tentative agreements with US Airways in the event of a merger.
"We do still favor a merger with US Airways because we were able to reach agreements with US Airways that would save more jobs," says Jamie Horwitz, a spokesman for the Transport Workers Union, which represents mechanics and other ground workers.
American and US Airways have entered into a non-disclosure agreement to conduct merger talks. Also in the mix is British Airways, which is considering taking a stake in a restructured American.
American Airlines CEO Tom Horton has said that he wants his airline to come out of bankruptcy as an independent company. He has pointed to an increase in revenue to show his restructuring plan is moving in the right direction.
In August, AMR had an industry-leading 4.1% year-over-year growth in unit revenue, which is passenger revenue divided by available seat miles.
Horton has no choice but to entertain US Airways' overtures, says Ray Neidl, an airline analyst at the Maxim Group.
"The unsecured creditors want the best deal possible, and management has to prove that they're looking out for their best interests," he says.
US Airways CEO Doug Parker has argued that uniting the two companies would create a more powerful airline to rival United, which merged with Continental, and Delta, which joined with Northwest.
Helane Becker, a director and airline analyst at Dahlman Rose and Co., expects a merger to happen, though not until next year.
But, she says, a contract with the pilots union is critical. Both American and its unsecured creditors have said they have to emerge from bankruptcy with an agreement in place, she says. "There's a lot of pressure to get an agreement done," she says. "Emotions are running very high right now, but it's typical of the airline industry."
http://travel.usatoday.com/flights/...flights-surge-at-american-airlines/57799620/1
American Airlines cancels flights as labor talks drag on
merican Airlines is cutting the number of flights through next month as contract negotiations with pilots stall and talks with US Airways about a possible merger continue.
The carrier, whose parent company, AMR, declared bankruptcy in November, says it will scale back the rest of its September and October schedule by about 1% to 2% because of an increase in pilots calling in sick and in maintenance reports filed by flight crews.
"We are constantly evaluating our schedule based on operational and staffing resources, as well as seasonal demand, making adjustments when necessary," American spokeswoman Andrea Huguely says.
She says the schedule changes will have a minimal effect on customers' travel plans.
American, which has lost more than $10 billion in the last decade, has been trying to cut annual labor costs by about $1.1 billion. To do so, it has negotiated new contracts with unions representing flight attendants and mechanics. But the Allied Pilots Association, the pilots' union, rejected the airline's last offer, and relations between the two parties have soured.
American had said that if the pilots rejected its offer, it would impose its own work rules. Last week, it lived up to the promise and announced such cost-cutting measures as partnering with more regional carriers, which could result in the loss of pilot jobs. The airline also cut one of the pilots' pension plans.
"The pilots of American Airlines are angry," APA President Keith Wilson wrote in a letter to members on Tuesday.
So angry that they are conducting a strike authorization vote although they aren't legally allowed to strike unless they get government approval.
Nonetheless, Tom Hoban, spokesman for the pilots union, says it has "neither condoned nor supported any kind of sickout."
Nor has the union noticed any significant increase in the number of pilots calling in sick, he says.
According to website FlightAware, which tracks flights, American and regional arm American Eagle on Sunday canceled 92, or 2.7%, of its flights. On Monday, there were 73 cancellations, or 2.1% of flights. Other major carriers canceled 0.9% of flights on Sunday and 0.4% on Monday.
American has cited high labor costs as a main reason it's lost so much money over the years.
This week, the airline notified 11,800 workers that they are eligible for layoffs. Originally, the airline had estimated it would cut 14,000 positions.
Bruce Hicks, an American spokesman, says the company expects to let go of only about one-third of its original estimate. "Expect the ultimate impact on jobs will be far less than the number of those notified," he says.
The pilots say the best outcome for American, its employees and customers would be a marriage with US Airways. And though they agreed to a new contract with American, the flight attendants and mechanics agree.
All three groups have tentative agreements with US Airways in the event of a merger.
"We do still favor a merger with US Airways because we were able to reach agreements with US Airways that would save more jobs," says Jamie Horwitz, a spokesman for the Transport Workers Union, which represents mechanics and other ground workers.
American and US Airways have entered into a non-disclosure agreement to conduct merger talks. Also in the mix is British Airways, which is considering taking a stake in a restructured American.
American Airlines CEO Tom Horton has said that he wants his airline to come out of bankruptcy as an independent company. He has pointed to an increase in revenue to show his restructuring plan is moving in the right direction.
In August, AMR had an industry-leading 4.1% year-over-year growth in unit revenue, which is passenger revenue divided by available seat miles.
Horton has no choice but to entertain US Airways' overtures, says Ray Neidl, an airline analyst at the Maxim Group.
"The unsecured creditors want the best deal possible, and management has to prove that they're looking out for their best interests," he says.
US Airways CEO Doug Parker has argued that uniting the two companies would create a more powerful airline to rival United, which merged with Continental, and Delta, which joined with Northwest.
Helane Becker, a director and airline analyst at Dahlman Rose and Co., expects a merger to happen, though not until next year.
But, she says, a contract with the pilots union is critical. Both American and its unsecured creditors have said they have to emerge from bankruptcy with an agreement in place, she says. "There's a lot of pressure to get an agreement done," she says. "Emotions are running very high right now, but it's typical of the airline industry."
http://travel.usatoday.com/flights/...flights-surge-at-american-airlines/57799620/1
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American cancels 300 flights this week amid labor strife
American cancels 300 flights this week amid labor strife
DALLAS (AP) - American Airlines and American Eagle say they will cancel 300 flights this week to cope with a high number of pilots reporting sick and an increase in maintenance reports filed by crews.
That's 1.25% of the 24,000 flights that were scheduled by the two airlines, which are owned by AMR Corp.
The two airlines had already canceled 249 flights this week by Wednesday afternoon, a flight-tracking service said, suggesting that cancelations might far exceed American's estimate.
AMR said Wednesday that it canceled the flights in advance to avoid inconveniencing passengers. Earlier this week, American said it would cut its schedule through the end of October by up to 2 percent.
American has seen an increase in flight cancelations since early this month, when a federal bankruptcy judge allowed the company to impose new pay and work rules on pilots. The pilots had rejected the company's last contract offer in August.
Each day this week, American has canceled more flights than any U.S. airline, according to flight-tracking service FlightAware.
By late Wednesday afternoon, American and Eagle had canceled 73 flights, more than the next five airlines combined. They canceled 104 flights on Tuesday and 72 flights on Monday, FlightAware said.
In a note to operations managers, American said it was telling frequent fliers why it's been experiencing cancelations and delays. It is letting customers fly standby for earlier flights at no extra charge, and giving crews more leeway to hand out light snacks to delayed passengers.
The company said it's also offering overtime and adjusting work schedules for reservations and airport employees, and is moving maintenance crews to where they are needed most.
AMR is trying to slash annual labor costs by about $1 billion as it reorganizes under bankruptcy protection. Eight of its nine union labor groups ratified cost-cutting contracts, with pilots the lone holdout.
American cancels 300 flights this week amid labor strife
DALLAS (AP) - American Airlines and American Eagle say they will cancel 300 flights this week to cope with a high number of pilots reporting sick and an increase in maintenance reports filed by crews.
That's 1.25% of the 24,000 flights that were scheduled by the two airlines, which are owned by AMR Corp.
The two airlines had already canceled 249 flights this week by Wednesday afternoon, a flight-tracking service said, suggesting that cancelations might far exceed American's estimate.
AMR said Wednesday that it canceled the flights in advance to avoid inconveniencing passengers. Earlier this week, American said it would cut its schedule through the end of October by up to 2 percent.
American has seen an increase in flight cancelations since early this month, when a federal bankruptcy judge allowed the company to impose new pay and work rules on pilots. The pilots had rejected the company's last contract offer in August.
Each day this week, American has canceled more flights than any U.S. airline, according to flight-tracking service FlightAware.
By late Wednesday afternoon, American and Eagle had canceled 73 flights, more than the next five airlines combined. They canceled 104 flights on Tuesday and 72 flights on Monday, FlightAware said.
In a note to operations managers, American said it was telling frequent fliers why it's been experiencing cancelations and delays. It is letting customers fly standby for earlier flights at no extra charge, and giving crews more leeway to hand out light snacks to delayed passengers.
The company said it's also offering overtime and adjusting work schedules for reservations and airport employees, and is moving maintenance crews to where they are needed most.
AMR is trying to slash annual labor costs by about $1 billion as it reorganizes under bankruptcy protection. Eight of its nine union labor groups ratified cost-cutting contracts, with pilots the lone holdout.
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American Airlines sends layoff warnings to 11,000 workers
American Airlines sends layoff warnings to 11,000 workers
DALLAS (AP) - American Airlines is sending layoff warning notices to more than 11,000 employees although a spokesman says the company expects job losses to be closer to 4,400.
The notices went out to mechanics and ground workers whose jobs will be affected as American goes through a bankruptcy restructuring.
American Airlines spokesman Bruce Hicks said Tuesday that fewer than 40% of those getting notices will lose their jobs. Hicks said federal law requires the company to notify anyone whose position could change, including those who could get "bumped" by more-senior employees whose jobs are eliminated or outsourced.
American said in February that it planned to cut 14,000 jobs, including 13,000 held by union workers. But if Hicks is right, the final job losses will be about a third of that.
Over the summer American accepted slightly smaller cost-cutting measures as it negotiated new labor contracts, and it agreed to give bonuses to flight attendants and ground workers who quit. So far 1,800 flight attendants and 800 ground workers have applied to take the money and leave.
Layoff notices went to nearly 3,000 workers in the Dallas-Fort Worth area, where a maintenance facility will close, and nearly 3,000 more at a base in Tulsa, Okla. Also receiving notices were about 1,200 workers in Miami, 1,100 in New York and Newark, N.J., 900 in Chicago, and smaller numbers elsewhere.
"As bad as this is - and we knew this day was coming - we've been able to lessen the pain," said Jamie Horwitz, a spokesman for the Transport Workers Union.
Separately, the leader of the pilots' union blasted the company, saying it is "paying lip service" to negotiating a contract while using the bankruptcy process to wring punitive cost-cutting concessions from pilots.
Eight other labor groups approved long-term contracts that will help AMR cut annual labor spending by about $1 billion. Pilots, however, voted overwhelmingly against the company's last contract offer, and a federal bankruptcy judge allowed American to impose new pay and working rules on pilots.
The acting president of the Allied Pilots Association, Keith Wilson, said in a message to members that he would meet this week with Transportation Secretary Ray LaHood and other senior officials in the Obama administration and Congress. The union has asked federal officials to approve steps that could eventually lead to a strike, but that permission hasn't been granted.
Hicks said American is ready to resume negotiations "when the union is ready."
Still, pilots are holding a strike-authorization vote. And according to the company, they are calling in sick more often than usual, contributing to an increase in canceled flights. American has trimmed its September and October schedule by up to 2 percent to make sure it has enough pilots to operate flights.
Hunter Keay, an analyst for Wolfe Trahan & Co., said he does not think the threat of cancelations will lead travelers to avoid American. But he said there has been "a clear deterioration in labor relations" at American.
An American merger with US Airways Group Inc. could produce a bigger airline with more revenue and more labor peace, Keay said. US Airways has lobbied for a merger but American executives have been reluctant.
American and parent AMR Corp., which is based in Fort Worth, filed for bankruptcy protection in November.
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American Airlines sends layoff warnings to 11,000 workers
DALLAS (AP) - American Airlines is sending layoff warning notices to more than 11,000 employees although a spokesman says the company expects job losses to be closer to 4,400.
The notices went out to mechanics and ground workers whose jobs will be affected as American goes through a bankruptcy restructuring.
American Airlines spokesman Bruce Hicks said Tuesday that fewer than 40% of those getting notices will lose their jobs. Hicks said federal law requires the company to notify anyone whose position could change, including those who could get "bumped" by more-senior employees whose jobs are eliminated or outsourced.
American said in February that it planned to cut 14,000 jobs, including 13,000 held by union workers. But if Hicks is right, the final job losses will be about a third of that.
Over the summer American accepted slightly smaller cost-cutting measures as it negotiated new labor contracts, and it agreed to give bonuses to flight attendants and ground workers who quit. So far 1,800 flight attendants and 800 ground workers have applied to take the money and leave.
Layoff notices went to nearly 3,000 workers in the Dallas-Fort Worth area, where a maintenance facility will close, and nearly 3,000 more at a base in Tulsa, Okla. Also receiving notices were about 1,200 workers in Miami, 1,100 in New York and Newark, N.J., 900 in Chicago, and smaller numbers elsewhere.
"As bad as this is - and we knew this day was coming - we've been able to lessen the pain," said Jamie Horwitz, a spokesman for the Transport Workers Union.
Separately, the leader of the pilots' union blasted the company, saying it is "paying lip service" to negotiating a contract while using the bankruptcy process to wring punitive cost-cutting concessions from pilots.
Eight other labor groups approved long-term contracts that will help AMR cut annual labor spending by about $1 billion. Pilots, however, voted overwhelmingly against the company's last contract offer, and a federal bankruptcy judge allowed American to impose new pay and working rules on pilots.
The acting president of the Allied Pilots Association, Keith Wilson, said in a message to members that he would meet this week with Transportation Secretary Ray LaHood and other senior officials in the Obama administration and Congress. The union has asked federal officials to approve steps that could eventually lead to a strike, but that permission hasn't been granted.
Hicks said American is ready to resume negotiations "when the union is ready."
Still, pilots are holding a strike-authorization vote. And according to the company, they are calling in sick more often than usual, contributing to an increase in canceled flights. American has trimmed its September and October schedule by up to 2 percent to make sure it has enough pilots to operate flights.
Hunter Keay, an analyst for Wolfe Trahan & Co., said he does not think the threat of cancelations will lead travelers to avoid American. But he said there has been "a clear deterioration in labor relations" at American.
An American merger with US Airways Group Inc. could produce a bigger airline with more revenue and more labor peace, Keay said. US Airways has lobbied for a merger but American executives have been reluctant.
American and parent AMR Corp., which is based in Fort Worth, filed for bankruptcy protection in November.
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American Airlines (AA) issued a statement Thursday afternoon blasting its pilots for causing hundreds of flight cancellations and delays this week.
The long-running dispute between AA and its pilots, who saw their labor contract abrogated by a US bankruptcy court this month (ATW Daily News, Sept. 4), perhaps has reached its ugliest stage with both sides hurling accusations at the other. Allied Pilots Assn. (APA) president Keith Wilson, in a message this week to AA’s 10,000 flight deck crew, criticized the “destructive nature” of management’s Chapter 11 reorganization strategy and called for “a major course change.”
AA, which this week sent out layoff warning notices to 11,000 employees (ATW Daily News, Sept. 19), said in the statement that flight disruptions this week “are primarily due to the significant increase in maintenance write-ups by our pilots, many right at the time of departure. Additionally, continued higher-than-normal sick usage by pilots—which has been up more than 20% year-over-year and has been elevated for months—impacts the availability of reserve pilots, which can ultimately lead to cancellations. Our pilot staffing—without the recent actions regarding maintenance write-ups and the continued increase in sick time—is adequate to meet our scheduling needs and recalling pilots from furlough would not be needed.”
APA denied it is directing any disruptive actions by pilots, saying in a statement Thursday, “There is no job action of any sort that is organized, supported or sanctioned.”
The long-running dispute between AA and its pilots, who saw their labor contract abrogated by a US bankruptcy court this month (ATW Daily News, Sept. 4), perhaps has reached its ugliest stage with both sides hurling accusations at the other. Allied Pilots Assn. (APA) president Keith Wilson, in a message this week to AA’s 10,000 flight deck crew, criticized the “destructive nature” of management’s Chapter 11 reorganization strategy and called for “a major course change.”
AA, which this week sent out layoff warning notices to 11,000 employees (ATW Daily News, Sept. 19), said in the statement that flight disruptions this week “are primarily due to the significant increase in maintenance write-ups by our pilots, many right at the time of departure. Additionally, continued higher-than-normal sick usage by pilots—which has been up more than 20% year-over-year and has been elevated for months—impacts the availability of reserve pilots, which can ultimately lead to cancellations. Our pilot staffing—without the recent actions regarding maintenance write-ups and the continued increase in sick time—is adequate to meet our scheduling needs and recalling pilots from furlough would not be needed.”
APA denied it is directing any disruptive actions by pilots, saying in a statement Thursday, “There is no job action of any sort that is organized, supported or sanctioned.”
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1:03PM EST October 1. 2012 - Five airlines now control about 85% of domestic flying as a result of mergers over the last decade, a new U.S. Department of Transportation report says.
In 2000, 10 airlines accounted for a little more than 90% of flying, the DOT's Office of Inspector General found.
If US Airways merges with American Airlines, as it is pushing for, that will leave the U.S. with four dominant carriers.
In its review of the aviation industry from 2008 to 2011, the Office of Inspector General says airlines are once again profitable after hitting a slump during the recession, partly because they've reduced the number of flights in order to increase demand.
Between June 2007 and June 2012, airlines reduced the number of domestic scheduled passenger flights by 13.9%. Most recently, the number of scheduled flights declined by 2.8% between June 2011 and June 2012.
In particular, airlines have cut back on the number of short flights. In June 2012, the number of domestic passenger flights of less than 250 miles was 24% lower than it was in June 2007.
The number of flights in the 250- to 499-mile range declined by 16%.
ALSO ONLINE:American cancels flights as labor talks stall
READ MORE:Airline tarmac delays up in July, Transportation Department says
Those reductions accounted for 3,000 fewer flights per day or three-quarters of all flight reductions experienced between June 2007 and June 2012.
The hardest hit airports were located in Cincinnati, Cleveland, Memphis, Pittsburgh, and St. Louis. Combined, the five airports had a nearly 40% reduction in departing scheduled passenger flights between June 2007 and June 2012.
The report predicts that "the changes in the number of airlines controlling the industry, fare increases, and capacity reductions that began in 2008 are not a brief phase, but rather are signs of a greater shift in the industry that will remain for years to come."
Although they are once again making profits, airlines still are dealing with higher fuel prices, the report noted. Fuel expenses accounted for 35% of operating costs in 2011, near the all-time high of 40% in 2008. Fuel was just 10% of operating costs in 2001.
U.S. airlines spent $31 billion for fuel in 2011, triple what they spent in 2000.
TWITTER:Follow Travel's Nancy Trejos
The financial pressures have forced 51 U.S. passenger and cargo airlines to file for bankruptcy since 2000, 13 of them in 2008 alone.
Those that remain are trying to make more money by charging fees for baggage, blankets,and other amenities that used to be free.
The report cited industry association Airlines for America as saying that passenger fees increased from $3 to $22 round-trip between 2000 and 2010.
One bright spot is that delays and cancellations have dropped. At the 55 airports tracked by the Federal Aviation Administration, the percentage of flights arriving on time improved from 71% in 2007 to 77% in 2011. During the first five months of 2012, airlines have had their best on -time performance since 1988.
In 2000, 10 airlines accounted for a little more than 90% of flying, the DOT's Office of Inspector General found.
If US Airways merges with American Airlines, as it is pushing for, that will leave the U.S. with four dominant carriers.
In its review of the aviation industry from 2008 to 2011, the Office of Inspector General says airlines are once again profitable after hitting a slump during the recession, partly because they've reduced the number of flights in order to increase demand.
Between June 2007 and June 2012, airlines reduced the number of domestic scheduled passenger flights by 13.9%. Most recently, the number of scheduled flights declined by 2.8% between June 2011 and June 2012.
In particular, airlines have cut back on the number of short flights. In June 2012, the number of domestic passenger flights of less than 250 miles was 24% lower than it was in June 2007.
The number of flights in the 250- to 499-mile range declined by 16%.
ALSO ONLINE:American cancels flights as labor talks stall
READ MORE:Airline tarmac delays up in July, Transportation Department says
Those reductions accounted for 3,000 fewer flights per day or three-quarters of all flight reductions experienced between June 2007 and June 2012.
The hardest hit airports were located in Cincinnati, Cleveland, Memphis, Pittsburgh, and St. Louis. Combined, the five airports had a nearly 40% reduction in departing scheduled passenger flights between June 2007 and June 2012.
The report predicts that "the changes in the number of airlines controlling the industry, fare increases, and capacity reductions that began in 2008 are not a brief phase, but rather are signs of a greater shift in the industry that will remain for years to come."
Although they are once again making profits, airlines still are dealing with higher fuel prices, the report noted. Fuel expenses accounted for 35% of operating costs in 2011, near the all-time high of 40% in 2008. Fuel was just 10% of operating costs in 2001.
U.S. airlines spent $31 billion for fuel in 2011, triple what they spent in 2000.
TWITTER:Follow Travel's Nancy Trejos
The financial pressures have forced 51 U.S. passenger and cargo airlines to file for bankruptcy since 2000, 13 of them in 2008 alone.
Those that remain are trying to make more money by charging fees for baggage, blankets,and other amenities that used to be free.
The report cited industry association Airlines for America as saying that passenger fees increased from $3 to $22 round-trip between 2000 and 2010.
One bright spot is that delays and cancellations have dropped. At the 55 airports tracked by the Federal Aviation Administration, the percentage of flights arriving on time improved from 71% in 2007 to 77% in 2011. During the first five months of 2012, airlines have had their best on -time performance since 1988.
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US Airways flight attendants reject new contract
US Airways flight attendants reject new contract
3:29PM EST September 28. 2012 - Looks like American isn't the only airline having trouble with its labor unions.
On Thursday, flight attendants at US Airways rejected a new contract that, according to the Associated Press, would "have given them their first combined labor deal since the airline's 2005 merger with America West."
The Association of Flight Attendants-CWA said 51 percent of its members voted against the tentative agreement.
The agreement would have given the 6,800 flight attendants pay raises and job protection. According to The Wall Street Journal, the proposed deal included immediate 13% pay raises for the pre-merger US Airways attendants and 25% raises for the America West cabin crew.
But union officials said in a written statement that their members "declared management didn't dig deep enough."
"For too long, flight attendants have subsidized the cost of the merger and management has failed to adequately address these concerns," Deborah Volpe, AFA pre-merger America West President, and Roger Holmin, AFA pre-merger US Airways President, wrote in their statement.
Doug Parker, US Airways' Chairman and CEO, said in a written statement that "we are disappointed that our flight attendants chose to vote against ratification of a new contract."
He added: "Going forward, our current collective bargaining agreements remain in place, and we will consult with the National Mediation Board (NMB) to determine the next steps."
Corey Caldwell, spokeswoman for the Association of Flight Attendants, told The Street on Friday that the union officials are "working on next steps and remain committed to achieving a contract US Airways flight attendants can ratify."
ARCHIVES:US Airways flight attendants reject tentative deal (April 2, 2012)
US Airways has been aggressively pursuing a merger with American Airlines, which is having a difficult time reaching an agreement with its pilots.
American has said it will have to cancel up to 2 percent of its flights through October because of pilots calling out sick and an increase in maintenance reports. The union representing pilots denies it has called on pilots to stop working.
US Airways has managed to get the unions representing pilots, flight attendants and mechanics at American to support its merger bid.
The Journal's take on the developments is that a joint contract for US Airways and America West flight attendants "would have allowed US Airways management to more efficiently staff flights, enabling it to mix and match attendants on old US Airways and America West planes."
US Airways flight attendants reject new contract
3:29PM EST September 28. 2012 - Looks like American isn't the only airline having trouble with its labor unions.
On Thursday, flight attendants at US Airways rejected a new contract that, according to the Associated Press, would "have given them their first combined labor deal since the airline's 2005 merger with America West."
The Association of Flight Attendants-CWA said 51 percent of its members voted against the tentative agreement.
The agreement would have given the 6,800 flight attendants pay raises and job protection. According to The Wall Street Journal, the proposed deal included immediate 13% pay raises for the pre-merger US Airways attendants and 25% raises for the America West cabin crew.
But union officials said in a written statement that their members "declared management didn't dig deep enough."
"For too long, flight attendants have subsidized the cost of the merger and management has failed to adequately address these concerns," Deborah Volpe, AFA pre-merger America West President, and Roger Holmin, AFA pre-merger US Airways President, wrote in their statement.
Doug Parker, US Airways' Chairman and CEO, said in a written statement that "we are disappointed that our flight attendants chose to vote against ratification of a new contract."
He added: "Going forward, our current collective bargaining agreements remain in place, and we will consult with the National Mediation Board (NMB) to determine the next steps."
Corey Caldwell, spokeswoman for the Association of Flight Attendants, told The Street on Friday that the union officials are "working on next steps and remain committed to achieving a contract US Airways flight attendants can ratify."
ARCHIVES:US Airways flight attendants reject tentative deal (April 2, 2012)
US Airways has been aggressively pursuing a merger with American Airlines, which is having a difficult time reaching an agreement with its pilots.
American has said it will have to cancel up to 2 percent of its flights through October because of pilots calling out sick and an increase in maintenance reports. The union representing pilots denies it has called on pilots to stop working.
US Airways has managed to get the unions representing pilots, flight attendants and mechanics at American to support its merger bid.
The Journal's take on the developments is that a joint contract for US Airways and America West flight attendants "would have allowed US Airways management to more efficiently staff flights, enabling it to mix and match attendants on old US Airways and America West planes."
kik
Well-Known Member
Aprueban fusión AMR-US Airways
fuente: reforma.com
Nueva York, Estados Unidos (27 marzo 2013).- AMR, la quebrada matriz de American Airlines, recibió este miércoles la aprobación de la corte para fusionarse con US Airways Group y crear la aerolínea más grande del mundo.
Pero una cláusula en el acuerdo de fusión -una indemnización de 19.9 millones de dólares para Hom Horton, el saliente presidente ejecutivo de AMR- no fue aprobada por el juez en una audiencia en el tribunal de quiebras de Estados Unidos en Manhattan.
El juez Sean Lane dijo que no emitirá un fallo escrito explicando su decisión respecto al paquete de indemnización, que había sido objetado por el Departamento de Justicia y por el escepticismo de Lane en la audiencia del miércoles.
link: http://www.negocioselnorte.com/aplicaciones/articulo/default.aspx?id=116210&v=3
fuente: reforma.com
Nueva York, Estados Unidos (27 marzo 2013).- AMR, la quebrada matriz de American Airlines, recibió este miércoles la aprobación de la corte para fusionarse con US Airways Group y crear la aerolínea más grande del mundo.
Pero una cláusula en el acuerdo de fusión -una indemnización de 19.9 millones de dólares para Hom Horton, el saliente presidente ejecutivo de AMR- no fue aprobada por el juez en una audiencia en el tribunal de quiebras de Estados Unidos en Manhattan.
El juez Sean Lane dijo que no emitirá un fallo escrito explicando su decisión respecto al paquete de indemnización, que había sido objetado por el Departamento de Justicia y por el escepticismo de Lane en la audiencia del miércoles.
link: http://www.negocioselnorte.com/aplicaciones/articulo/default.aspx?id=116210&v=3
Collective
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Increíble que pidan 20 millones para el CEO saliente cuando la empresa está en bancarrota. Se llama cinismo.
Jorge Martinez
Administrator
Depende de las cláusulas del contrato del CEO. A veces cuando hay una fusión o adquisición asociada entran en juego compensaciones extra o garantizadas. También pueden ser incentivos diferidos donde le prometen cierto número de acciones como su pago de 2008, a un precio mínimo garantizado (digamos 10 mil acciones a 10 dólares cada una): si la acción vale 10 dólares o más, le dan las acciones. Si valen menos le dan el efectivo.
Así son muchos paquetes de compensación los cuales son negociados y aprobados por un comíté de accionistas en representación de todos.
Collective
Active Member
Claro. Pero creo que la situación cambia si la empresa está en bancarrota y hay proveedores, fondos para retiro, tenedores de bonos, etc que están esperando recolectar aunque sea algo de sus recursos. Creo que el CEO debería pasar al final de la fila.
Jorge Martinez
Administrator
El tema es que no sabemos que dice el contrato. Algunos CEOs ganan (y merecen ganar) bonos cuando meten a sus empresas en procesos de bancarrota. Por que? imagina que te meten a un barco que se esta hundiendo... y para salvarlo es necesario dejar que entre un poco mas de agua para que se estabilice... y coordinas el trabajo para ello. Hiciste la chamba que te pidieron hacer, no mereces el bono? EN las empresas a veces es necesario perder mas dinero gastandolo en procesos de reestructura.. que al final producen resultados.
Ahora, el otro aspecto que no sabemos es que no se aclara cuanto de ese dinero es por bonos DIFERIDOS. Es decir, si se le dijo al CEO cada fin de anio entre 2008 y 2011 "te tocan 300 mil acciones que te vamos a dar en 5 anios por los resultados logrados este anio" (2009 por ejemplo), esas acciones debes darselas en plazo acordado... pero al momento en que corres al CEO puedes darselas por adelantado (las que gano en 2011 que debias darselas en 2016 puedes acordar darselas hoy, pero quitandole algunas de las acciones por darle su bono por adelantado).
El caso es que en esa negociacion, al haber fusion de por medio, puede convenir mas a todos dar esas acciones como equivalente en efectivo (sacas a un socio de la fusion, lo que facilita el proceso). Ahora, al ser empresa publica (que cotiza en bolsa) y que ademas esta en chapter 11, es necesario hacer la divulgacion publica del pago al CEO. Sin embargo, no queda claro cuanta lana corresponde a bonos presentes, cuanta a bonos diferidos y cuanta es una mera indemnizacion para que el CEO se vaya. Tampoco queda claro que parte del pago es de la que el juez se quejo (a lo mejor su argumento es "si le tocan acciones, dale acciones... y si la fusion va mal, a el letoca aun menos lana...pero si la fusion va bien, le tocara mas lana).
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Ya estuvo
Member
Entendemos @Jorge, pero la neta ese invento de CEO, ahora es una de las máscaras de estafadores chupa sangre que existen, siento que la gran mayoría son muy vivos vende - humo que se alían a grupos dentro de los mismos consejos.
Si bien, la intención de crearlos fue buena, me parece que esta figura esta ya muy desviada y corrompida. Creo que ese puesto puede ser bien cubierto por un consultor externo en el consejo de administración que trabaje con un buen director general.
Postdata chayotera: Excelente redacción y ortografía, que bueno que no se te olvida el español.
Si bien, la intención de crearlos fue buena, me parece que esta figura esta ya muy desviada y corrompida. Creo que ese puesto puede ser bien cubierto por un consultor externo en el consejo de administración que trabaje con un buen director general.
Postdata chayotera: Excelente redacción y ortografía, que bueno que no se te olvida el español.
kik
Well-Known Member
Apoyan fusión de US Airways y AA
fuente: reforma.com
Nueva York, Estados Unidos (12 julio 2013).- Los accionistas de US Airways sometieron hoy a votación la aprobación de un proyecto de fusión de esa empresa con American Airlines, uno de los pasos finales en el acuerdo para crear la mayor aerolínea del mundo.
Según el director general de US Airways, Doug Parker, se cuenta con los suficientes accionistas a favor de la unión para garantizar su aprobación. El margen no estuvo disponible de inmediato.
Los propietarios de acciones de US Airways Group Inc. recibirían el 28 por ciento de las acciones de la compañía consolidada y el resto irá a los acreedores, empleados y accionistas de AMR Corp., la matriz de American Airlines.
El acuerdo está siendo analizado por los reguladores antimonopolios del Departamento de Justicia de Estados Unidos. Los críticos temen que la empresa consolidada reduzca la competencia y aumente los precios de las tarifas aéreas.
La preocupación por una menor competencia y tarifas más altas también acompañó las fusiones de Delta y Northwest en 2008, United y Continental en 2010, y Southwest y AirTran en 2011. Los reguladores antimonopolio las autorizaron todas.
Esas fusiones cambiaron el panorama de las aerolíneas, pues crearon gigantes que hicieron difícil que US Airways y American pudiesen competir, dijo Parker.
La fusión "crea un cuarto competidor fuerte para United, Delta y Southwest'', agregó Parker, quien será el director general de la compañía combinada, que mantendrá el nombre de American Airlines y tendrá sus oficinas corporativas en Texas.
Si el acuerdo American-US Airways avanza, cuatro aerolíneas controlarán más del 80 por ciento del mercado de viajes aéreos nacionales en Estados Unidos.
El Departamento de Justicia podría tratar que American y US Airways cedan algunos espacios de despegue y aterrizaje en el Aeropuerto Nacional Reagan, de Washington, DC.
link: http://www.negocioselnorte.com/aplicaciones/articulo/default.aspx?id=131581
fuente: reforma.com
Nueva York, Estados Unidos (12 julio 2013).- Los accionistas de US Airways sometieron hoy a votación la aprobación de un proyecto de fusión de esa empresa con American Airlines, uno de los pasos finales en el acuerdo para crear la mayor aerolínea del mundo.
Según el director general de US Airways, Doug Parker, se cuenta con los suficientes accionistas a favor de la unión para garantizar su aprobación. El margen no estuvo disponible de inmediato.
Los propietarios de acciones de US Airways Group Inc. recibirían el 28 por ciento de las acciones de la compañía consolidada y el resto irá a los acreedores, empleados y accionistas de AMR Corp., la matriz de American Airlines.
El acuerdo está siendo analizado por los reguladores antimonopolios del Departamento de Justicia de Estados Unidos. Los críticos temen que la empresa consolidada reduzca la competencia y aumente los precios de las tarifas aéreas.
La preocupación por una menor competencia y tarifas más altas también acompañó las fusiones de Delta y Northwest en 2008, United y Continental en 2010, y Southwest y AirTran en 2011. Los reguladores antimonopolio las autorizaron todas.
Esas fusiones cambiaron el panorama de las aerolíneas, pues crearon gigantes que hicieron difícil que US Airways y American pudiesen competir, dijo Parker.
La fusión "crea un cuarto competidor fuerte para United, Delta y Southwest'', agregó Parker, quien será el director general de la compañía combinada, que mantendrá el nombre de American Airlines y tendrá sus oficinas corporativas en Texas.
Si el acuerdo American-US Airways avanza, cuatro aerolíneas controlarán más del 80 por ciento del mercado de viajes aéreos nacionales en Estados Unidos.
El Departamento de Justicia podría tratar que American y US Airways cedan algunos espacios de despegue y aterrizaje en el Aeropuerto Nacional Reagan, de Washington, DC.
link: http://www.negocioselnorte.com/aplicaciones/articulo/default.aspx?id=131581
kik
Well-Known Member
Ofrecen AA y US Airways concesiones a UE
fuente: reforma.com
Bruselas, Bélgica (17 julio 2013).- US Airways Group y American Airlines, filial de AMR Corp., ofrecieron concesiones a los reguladores antimonopolio de la Unión Europea para obtener la aprobación de su planeada fusión por 11 mil millones de dólares para crear la mayor aerolínea del mundo.
La Comisión Europea dijo este miércoles que el 6 de agosto decidiría si aprobar el acuerdo. No ofreció detalles de la propuesta de las aerolíneas, en línea con su política habitual.
Las aerolíneas a menudo ofrecen ceder franjas horarias en los aeropuertos o abrir sus programas de pasajero frecuente a los rivales para aliviar las preocupaciones regulatorias de que sus fusiones podrían afectar la competencia.
Reguladores estadounidenses también están examinando el acuerdo propuesto. Accionistas de US Airways aprobaron la fusión la semana pasada, que sería la cuarta mayor alianza en el sector de las aerolíneas en Estados Unidos en los últimos cinco años.
link: http://www.negocioselnorte.com/aplicaciones/articulo/default.aspx?id=132206
fuente: reforma.com
Bruselas, Bélgica (17 julio 2013).- US Airways Group y American Airlines, filial de AMR Corp., ofrecieron concesiones a los reguladores antimonopolio de la Unión Europea para obtener la aprobación de su planeada fusión por 11 mil millones de dólares para crear la mayor aerolínea del mundo.
La Comisión Europea dijo este miércoles que el 6 de agosto decidiría si aprobar el acuerdo. No ofreció detalles de la propuesta de las aerolíneas, en línea con su política habitual.
Las aerolíneas a menudo ofrecen ceder franjas horarias en los aeropuertos o abrir sus programas de pasajero frecuente a los rivales para aliviar las preocupaciones regulatorias de que sus fusiones podrían afectar la competencia.
Reguladores estadounidenses también están examinando el acuerdo propuesto. Accionistas de US Airways aprobaron la fusión la semana pasada, que sería la cuarta mayor alianza en el sector de las aerolíneas en Estados Unidos en los últimos cinco años.
link: http://www.negocioselnorte.com/aplicaciones/articulo/default.aspx?id=132206
kik
Well-Known Member
Prevén sí de UE a fusión AA-US Airways
fuente: reforma.com
Bruselas, Bélgica (29 julio 2013).- American Airlines (AA) y US Airways obtendrán la aprobación regulatoria de la Unión Europea (UE) para su fusión, valuada en 11 mil millones de dólares, tras acordar ceder algunos derechos de operaciones en los aeropuertos de Heathrow y Filadelfia, de acuerdo a dos personas familiarizadas con el asunto.
Las aerolíneas ofrecieron la concesión a la Comisión Europea previamente este mes para disipar las preocupaciones sobre competencia que genera la fusión, que creará la línea aérea más grande del mundo.
"El acuerdo está listo para ser aprobado", dijo una fuente.
La Comisión Europea tiene previsto decidir sobre la fusión el 6 de agosto.
La alianza es la cuarta que involucra a grandes líneas aéreas estadounidenses en los últimos seis años.
link: http://www.negocioselnorte.com/aplicaciones/articulo/default.aspx?id=133873&v=2
fuente: reforma.com
Bruselas, Bélgica (29 julio 2013).- American Airlines (AA) y US Airways obtendrán la aprobación regulatoria de la Unión Europea (UE) para su fusión, valuada en 11 mil millones de dólares, tras acordar ceder algunos derechos de operaciones en los aeropuertos de Heathrow y Filadelfia, de acuerdo a dos personas familiarizadas con el asunto.
Las aerolíneas ofrecieron la concesión a la Comisión Europea previamente este mes para disipar las preocupaciones sobre competencia que genera la fusión, que creará la línea aérea más grande del mundo.
"El acuerdo está listo para ser aprobado", dijo una fuente.
La Comisión Europea tiene previsto decidir sobre la fusión el 6 de agosto.
La alianza es la cuarta que involucra a grandes líneas aéreas estadounidenses en los últimos seis años.
link: http://www.negocioselnorte.com/aplicaciones/articulo/default.aspx?id=133873&v=2
kik
Well-Known Member
"Autoriza CE fusión de AA y US Airways"
fuente: reforma.com
Bruselas, Bélgica (05 agosto 2013).- La Comisión Europea dio luz verde, aunque con condiciones, a la fusión entre las compañías aéreas US Airways y American Airlines (AMR), de la que nacerá la mayor compañía de Estados Unidos y un gigante mundial.
"La Comisión puede autorizar esta operación desde la primera fase a la vista de los compromisos propuestos por las partes, que resuelven el problema de la competencia que hemos destacado sobre el trayecto Londres-Filadelfia", declaró el comisario encargado de la Competencia, Joaquín Almunia, en un comunicado.
Estos compromisos comprenden la cesión de una franja horaria correspondiente al aeropuerto de Londres Heathrow y acuerdos sobre el transporte de pasajeros en tránsito para incitar al nuevo concurrente a entrar en el mercado de este trayecto, refiere el comunicado.
Guardiana de la competencia en Europa, la Comisión está preocupada de que la fusión cree un monopolio sobre el trayecto Londres-Filadelfia, en el que los dos grupos ofrecen vuelos sin escala a través de una participación en una empresa conjunta con British Airways-Iberia.
link: http://www.negocioselnorte.com/aplicaciones/articulo/default.aspx?id=134827&v=2
fuente: reforma.com
Bruselas, Bélgica (05 agosto 2013).- La Comisión Europea dio luz verde, aunque con condiciones, a la fusión entre las compañías aéreas US Airways y American Airlines (AMR), de la que nacerá la mayor compañía de Estados Unidos y un gigante mundial.
"La Comisión puede autorizar esta operación desde la primera fase a la vista de los compromisos propuestos por las partes, que resuelven el problema de la competencia que hemos destacado sobre el trayecto Londres-Filadelfia", declaró el comisario encargado de la Competencia, Joaquín Almunia, en un comunicado.
Estos compromisos comprenden la cesión de una franja horaria correspondiente al aeropuerto de Londres Heathrow y acuerdos sobre el transporte de pasajeros en tránsito para incitar al nuevo concurrente a entrar en el mercado de este trayecto, refiere el comunicado.
Guardiana de la competencia en Europa, la Comisión está preocupada de que la fusión cree un monopolio sobre el trayecto Londres-Filadelfia, en el que los dos grupos ofrecen vuelos sin escala a través de una participación en una empresa conjunta con British Airways-Iberia.
link: http://www.negocioselnorte.com/aplicaciones/articulo/default.aspx?id=134827&v=2