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The Allied Pilots Association (APA), representing the 12,000
pilots of American Airlines (NYSE:AMR), today launched a series of
activities for the week of April 15-April 21 to highlight the
tremendous sacrifices made by all AA employees to return the airline
to financial health.
At the same time, APA will shine a spotlight on the handful of
senior executives who have "decided to reward only themselves for the
work of others in a gross violation of management's earlier promise of
shared reward for shared sacrifice," said APA President Captain Ralph
Hunter.
Beginning today, APA is honoring the sacrifices of fellow AA
employees with a special "hats off" salute. As highlighted nationwide
on page 2A of today's USA Today, AA pilots will be removing their hats
all week in recognition of the daily efforts and more than $7 billion
in givebacks by 80,000 line employees that are largely responsible for
American Airlines' return to profitability.
On Wednesday, APA will host a national rally and march on AMR
headquarters in Fort Worth, Texas to deliver the message directly to
senior executives.
"Over the last four years, AA employees have given up more than $7
billion in pay and benefits. Thousands of our fellow employees were
laid off, and thousands remain on furlough today," Hunter said.
"During this same time period, executive compensation has increased by
more than 700 percent. The executive bonuses scheduled to be paid
later this week will nearly equal all of the airline's profits for
2006. Almost half of that amount will go to a select group of 50
individuals."
"Four years ago, American Airlines stood on the verge of
bankruptcy. Four years ago, 80,000 employees stood up and made the
right decision to save their airline. And four years ago, AMR
management nearly threw all that effort away when it was discovered
that senior managers had been protected with special compensation
packages," he said. "The 2003 executive compensation scandal resulted
in a management shakeup and the resignation of then-CEO Don Carty. We
thought management had learned a lesson from that near-tragedy.
Apparently, they have not."
"It is time to recognize the contributions of the thousands of AA
employees who made the real sacrifices, and it is also time to shine a
spotlight of shame on the handful of executives who have monopolized
the rewards," Hunter said.
Hunter will be a featured guest tonight on the Jim Bohannon Radio
Show to discuss the current executive compensation crisis at American
Airlines.
Founded in 1963, the Allied Pilots Association--the largest
independent pilot union in the U.S.--is headquartered in Fort Worth,
Texas. APA represents the 12,000 pilots of American Airlines,
including 2,799 pilots on furlough. The furloughs began shortly after
the September 11, 2001 attacks. Also, several hundred American
Airlines pilots are on full-time military leave of absence serving in
the armed forces. The union's Web site address is
www.alliedpilots.org.
American Airlines is the nation's largest passenger carrier.
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