Bob, it is an undeniable fact that the others lost a lot more than we did. For example, I have two relatives that worked at UA, one a pilot the other a ramper. From the mid 1990s to about 2001 they worked under concessionary contracts in order to purchase a majority of stock in the company (except for the F/As).
And at AA workers worked under similar concessions for nothing.
After that contract became amendable, they got the snapback and raises. Shortly after, UA declared Ch.11 in which they subsequently: 1. took cuts in the rates of pay. 2.Lost a large number of jobs due to farm outs. 3. Lost their pensions. 4. Lost their retirement medical (unless they want to pay hundreds of dollars a month). 5. Lost their "investment" when the stock became virtually worthless after their ch-11.
We had nothing to Snap back to. We took cuts in pay. We lost a large number of jobs. We have been paying for our retiree medical for over 15 years. Since our pay was cut so was our pension. If they left before C-11 they probably did well. In fact I know a guy who left UAL when the stock was quite high, he didnt want to leave at the time but now he considers that he made out on the deal.
My uncle (the pilot) told me UA could disappear tomorrow and it would not affect him at all because they took everything already. The only thing left is passes and now they even want to charge for that. Basically, the same thing happened at the other bankrupts. Compare them to AA where we: 1. Still do most of our own work-although we did lose some like overnight cabin. 2. AA people still have pensions and retirement medical- which is a huge issue for those who are in, at, or near retirement. 3. AA stock is actually worth something. 4. And even AA passes are still free (for domestic, coach for people with 5+ years).
A lot of people feel the same way about AA. AA charged for passes for years. Now they may be free but try and use them.The pensions and the medical we are paying for. The pensions through our concessions and the medical through payroll deduction for "prefunding". "AA stock is actually worth something." Good for the stockholders, but I'm still out $120,000.
Retirement benefits are a form of deferred compensation. So when one loses that accumulated benefit, that means you really made less over the life of your career.
UAL workers will still get a pension, they will no longer accumulate credied years but they have a 401K plan with a match now. That being said its more likely that during the next round of talks they will go for the money. Portability does have its advantages.
Stack the career earnings (in terms of total compensation) of an AA employee (especially a pre 1983 employee) to any one of the other legacy's employees and the AA employee will have faired better.
Maybe pre1983 but post B-scale you are dead wrong. AA had the longest progressions to top pay, at one point 12 years vs 5 years everywhere else. AA starting pay was the lowest. So post B-scale AA employees made considerably less. Add in the fact that they lose the first year of service and it cancels out the so called higher multiplier.
As far as CO and EAL not being a threat to the others (including AA), I disagree. CO at the time was big out west (LAX, DEN, and IAH-Texas International (Texas Air). They were a primarily East-West carrier and went up against UA in DEN and AA in DFW(via their IAH hub). EAL had an East West hub in MCI. So with 3 CO/EA East West hubs, they were competing directly with AA and UA. UA was very fortunate because it acquired Pan Am's Pacific routes which were a gold mine; AA wouldn't get EA's Latin American routes for another 4 or 5 years.
Well he fact is that you are at a disadvantage when you fight on two fronts, and as you admit they were battling AA and UA. Maybe thats why they went BK three times.
You are right about the TWU being at both EAL and Pan Am, however, ALL unions gave concessions at those two carriers; not just the TWU.
But the TWU lead the way no doubt.
What's with the name calling Bob. That's very big of you. I had not vanished at all, I just have more important things to do with my time.
To answer Hackman's original question; Apart from the immediate 25% reduction in workforce, we also have an overtime ban, loss of licence pay, tool allowance and London weighting amongst other things.
Now the fact that the US Dollar is extremely weak against the GBP at the moment, does not mean that I am earning 20% more than you at all. That could easily be the other way round.
I apologize for fact you took offense at my attempt at levity, I forgot how serious you people with your German heritage are, unlike the Celts who are a little more thick skinned.
Yea I've seen OT bans too, until something broke and they needed more bodies.What do they do, make you stay without pay or let the plane sit?
Tool allowance? They paid for your tools? ,, ,, ,, ,, ,, ,, ,, You had a hole?
London weighting? Whats that?
When all is said and done how much was your regular pay cut, not counting OT?
I live in a different country, under a different government, under different laws, which unfortunately AA has to abide by if they want to operate from here. That is not my problem.
Fortunately for you that your country has a strong union culture which you reject despite the fact that you benifit from it. Not my problem, but a problem for those who fought for what you take for granted.