latest from APFA

[FA Mikey]

The current time is 2:00 p.m. Central Time. The APFA and American have reached agreement on a proposed economic restructuring package. The APFA Executive Committee has convened to review the package. No details will be released until the governing bodies have thoroughly reviewed it. The package is subject to membership ratification. Please continue to call this hotline and visit the web site for latest information.


We should have the low down later tonight or early tomorrow.

 

[Hatu]

The current time is 8:56 p.m. Central Time. The Executive Committee has voted to approve the company''s proposal presented for it''s consideration and direct that it be submitted immediately to the APFA Membership.

 

[FA Mikey]

The current time is 3:40 p.m. Central Time. The APFA Executive Committee is currently reviewing American''s proposed economic restructuring package. No details will be released until the governing bodies have thoroughly reviewed it. Any changes to the collective bargaining agreement are subject to membership ratification. Please continue to call this hotline and visit the web site for latest information.

 

[ArtTang]

SUMMARY OF APFA/AAL
RESTRUCTURING PARTICIPATION AGREEMENT

· Pay rates reduced by 15.6%, effective 5/1/03
*No 1/1/04 increase
*1.5% increase 5/1/05, 5/1/06, 5/1/07, 5/1/08

· Premium rates reduced 50% (purser, language, galley)

· Understaffing pay reduced 50%

· No holiday pay

· No narrowbody lead pay

· No longevity pay

· No reserve override

· No night pay

· EPT''s up to 12 hours unpaid versus current 8 hours unpaid

· Language pay applies to language speakers on language of
destination only

· Incentive pay for all hours in excess of 69 versus 67

· Per diem reduced to $1.50 Domestic/$1.75 International

· Reduction in uniform points from 18-12 (No carry over of
points)

· Vacation reduced by 33%
*Vacation allowance as follows:
1+ years = 9 days
5+ years = 14 days
12+ years = 19 days
20 + years = 23 days
25 + years = 28 days

· Elimination of the pre-vacation "48"

· Trip selection maximum increased to 77 Domestic/82 International

(Pure bids to 82 Domestic/87 International; Make-up to 85 Domestic/90
International)

· Layover rest minimums changed to FAA minimum


· Monthly guarantee reduced to 70 hours Domestic/International

· Flight attendants paid "actual" flying time versus greater
of actual/scheduled flying time on leg by leg basis, however, guarantee
to remain in tact

· Deadhead at 100% pay/50% credit versus 100% pay/credit

· Last trip of the month pay protection changed to last 5 days of
the month versus last 7 days

· Reassignment protection changed to last 5 days of the month
versus last 7 days

· Eliminate benefits for overage leaves
(Flight Attendants on overage leaves will continue to accrue
bidding seniority and be eligible for pass benefits)

· Eliminate furlough pay

· Reduce sick accrual to 3 hours per month; eliminate rapid
reaccrual

· Minimum annual threshold
(420 paid hours necessary to receive VC/SK accrual. Must maintain 420
hours in rolling 12 month look back period to receive medical/dental
benefits at full time employee rate)

· Eliminate crew meals (Domestic/International)

· Eliminate Part-Time flying

· Profit sharing of up to 15% of eligible pay if threshold met

· Stock options (Labor to receive 24.3% of total AMR outstanding
shares)
*APFA to receive 17.9% of 37,880,000 shares

· Company agrees to satellite base test

· Agreement becomes amendable 4/30/09

· Complete language will be posted as soon as it becomes
available

· Subject to ratification by the APFA membership