<_< ----The problem here FWAAA is we've seen where those profits go! They're going into the pockets of upper, and med, management in the form of Bonus! Where's the "Shared Gain" FWAA???
Hold on, MCI. For starters, the PUP/PSP payouts were not the profits of AA. Years ago, they struck a deal with stockholders that they'd get a bunch of money if the stock price outperformed the other airline stocks. That happened and they amended their deal to take stock instead of cash.
You weren't around, of course, in the late 1990s when AA was distributing $250 million, $300 million or evn $350 million of profit sharing each year to the employees; you were instead collecting those pittance checks from TWA.
I don't understand why the unions agreed to the current screwy profit sharing deal, and one of the execs said the same thing at yesterday's stockholders meeting. The 2003 TAs should have never even presented such a crappy deal to their members. The leaders of the APFA, TWU and APA should have been drawn and quartered immediately for ever bringing such a lousy deal to the members in 2003.
You can't expect your workers to permanently reduce their standard of living just to benefit the "Privileged Few" at the top! It just don't work that way!-----And don't give me that crap about "you have to give these talented people a decent wage to retain their services!" Because I could use the same argument to describe the people on the floor, who really run this Airline!!!!
You want to see a pay raise above the concession wages? Maybe you think that AA will agree to raises in 2008 to the rank and file that exceed profits. I don't think you're that gullible. When your employer is showing huge profits, you can collectively bargain to put them in your pocket. We've all seen what happens when your employer is losing money - like in 2001-03 - the only decision then is how big a reduction in your standard of living will you suffer?
As I've posted before, I want to see higher wages for those who perform important services like you do, and it seems to make sense to institute some regional pay distinctions so that Owens and MacTiernan can afford to live anywhere near their stations. That probably means that the guys in Tulsa and Kansas City and Fort Worth are gonna see wage stagnation for a long time.
Anyway, good luck in replacing the bus drivers union that allowed this travesty.