Recent content by jersey777

It doesn't really matter what AA takes out of each paycheck because most pilots and flight attendants that itemized will pay more taxes next year due to the loss of deducting business expense and capping local tax deductions at $10,000. Flightax does my taxes and this year I got back $748 and...

10a and 10f do not have a window....that might be the reason.

Profitability has nothing to do whether a merger is anti-competitive or not. The justice department has to prove to the court that the merger would be detrimental to the flying public and anti-competitive.....not that two airlines don't need to merge to make money. Southwest has always made...

Great news! That will be one hell of a turn for the IDF crews!

Agreed. After our November 1993 strike, AA and the APFA went into binding arbitration. It was like a full blown trail. The arbitrator was like a judge and heard both side's argument and basically split the difference....that became our contract in 1995.

The problem is that there is always a trade off between profit sharing and guaranteed pay raises. I would much rather have a set in stone pay raise that I could use to pay the bills every month then a possible once a year check. Now if profit sharing was truly a reward for a good job done and...

It is not me saying it...it is what has already been agreed upon. Both parties have already agreed to binding arbitration if no agreement is reached after 6 months of negotiations. With the way all airlines negotiations have been going the last few years...that IS an overnight deal.

The bridge term sheet takes effect as soon as we exit bankruptcy and it includes preferential bidding. When it is implemented is a different matter. Then full blown negotiations start...again...and everything is up for grabs and if no agreement is reached in 6 months then both parties have...

The current hew hires will be on the same system as the rest of us. The 6 or so reserve days per month will not be implemented until PBS is activated. The LBFO is a moot point because by the time PBS is fully in force...we will have an entirely new contract that will be voted on. Also, I think...

Read post 18. It was published by AA after the LBFO was ratified and clearly states the the company will" set aside 5 percent of pre-tax income after the first dollar of profits into a fund. Those profits will then be equitably distributed to employees based on each individual’s eligible...

I'm actually starting to believe that this merger will happen within two weeks. We will see.

The thing is that we took less deductions in pay , medical, and a slew of other concessions in place of the 15% profit sharing and then settled for 5%. Then we got screwed because the 5% profit sharing was not based on actual earnings but turned out to be 5% of whatever amount AA decided to put...

Your joking right? " If you're going to go thru bankruptcy and take painful concessions, at least secure some of the spoils in case the concessions result in a profitable business." Did you read what I wrote and where have you been the last 5 years? You make it seem that all you have to do...

I found a copy of the current profit sharing: PROFIT SHARING PLAN American’s approach to restructuring looks ahead to a point where our airline emerges a strong and profitable company in which our people directly benefit from the company’s success. Our agreements with the TWU...

Not so sure how much the profit sharing was worth. I think the TWU along with the APFA were sold on profit sharing which was alledged to be up to 5% of salary but yet was 5% of a fund put into profit sharing which equaled about $800 per person on a billion dollars profit.....look it up.