American is seeking $1.8 billion in wage concessions from its unions, including $600 million from pilots.
“We are perplexed by this last-minute change in attitude, and so are the mediators involved in our negotiations. It appears to us to be bad-faith negotiations,” the APA said in a statement. “If we are unsuccessful at avoiding bankruptcy, APA is prepared to consider a variety of alternatives, including a possible employee purchase of the airline, a different management team and other changes.”
In a prepared statement American Airlines responded: “American has kept its word and has not changed what it is asking of its employees. The pilots the APA refers to were over and above what we needed to operate the airline in January 2003 and were already accounted for before we ever went to the APA for contract changes. Furloughs, while regrettable, are resulting from the overage under the terms of our existing agreement. Therefore, they were never included in the $660 million in structural contract changes. We discussed this issue with the APA a number of weeks ago and several times recently.'
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
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The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now