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The Allied Pilots Association (APA), representing the 12,000
pilots of American Airlines (NYSE:AMR), presented a pay proposal to
the carrier's management today that is designed to restore the pilots'
lost purchasing power.
Current American Airlines pilot pay rates are slightly lower than
what they were in 1992, with inflation eroding the pilots' purchasing
power by more than 33 percent since that time. APA's proposal calls
for adjusting current pay rates to account for post-1992 annual
inflation, as reflected by the Consumer Price Index.
American Airlines management rejected an earlier pay proposal
APA's previous leadership made in May. Shortly thereafter, the
membership elected its current national officers by the widest margin
and with the largest voter turnout in APA history. Upon taking office,
the newly elected leadership commissioned a survey of the membership
regarding the ongoing contract negotiations with American Airlines
management.
"Our pilots were unequivocal in our recently concluded membership
survey--it's time to restore their purchasing power," said APA
President Captain Lloyd Hill. "Moreover, that erosion accelerated
dramatically for our pilots and their families with the deep
concessions we made beginning in 2003."
Hill pointed out that the majority of American Airlines' pilots
have been with the airline since the early 1990s, which means that
pilots have endured an ongoing decline in their standard of living for
much of their careers with the carrier.
"In sharp contrast to what our pilots have endured, American
Airlines management has given itself what amounts to an exponential
increase in compensation over the same period. What we are seeking for
our pilots doesn't even begin to approach management's gains," Hill
said.
American Airlines' five "Named Executive Officers" (as identified
in documents filed with the Securities and Exchange Commission) have
experienced an increase of 469 percent in their total compensation
since 1992. For the CEO, the increase has been even more dramatic. In
1992, American Airlines CEO Robert Crandall's total compensation was
$1,013,471. Current CEO Gerard Arpey's total compensation for 2007
will be $8,344,971--an increase of 723 percent, representing a 560
percent increase in purchasing power.
"It is well past time to restore our pilots' purchasing power,"
Hill said. "After all, management compensation has done much more than
simply keep pace with inflation. By any measure, the past 15 years
have been extremely lucrative for our airline's senior executives."
For more details regarding APA's pay restoration proposal and
other proposals the union has made during the ongoing contract
negotiations, go to www.apanegotiations.com.
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 2,570 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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