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From: "Tony Leonhardt" <TonyLA1@...>
Date: Sat Jul 30, 2005 9:19 pm
Subject: LGA Pilot Base Brief tony_leonhardt
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Fellow LGA Pilots,
We can all take a great deal of satisfaction from the recent
quarterly results. We out-earned most of the industry when special
items are not considered, including the dreaded JetBlue, which is
finally showing signs of financial distress. We're making important
progress to return this airline to consistent and sustained
profitability.
There is no doubt in my mind that you, the line pilot, deserve the
lion's share of the credit for this positive result. YOU are the ones
who made the sacrifices in your pay, working conditions, and
benefits. YOU are the ones who keeps this airline functioning on a
day to day basis. YOU and your fellow pilots are truly the "key
employees" of our airline. In the eloquent words of one of our
Captains who emailed me on this subject:
"In our business, if every senior manager calls in sick on Monday,
the airline still operates...planes fly...revenue is produced. If
every pilot, mechanic, agent, or FA call in sick, the airline shuts
down. "
While you have begun to turn our financial ship around with your hard
work and sacrifices, it seems that our management has taken the
opportunity to reward itself for your hard work. In AMR's quarterly
10Q report filed on July 25, our company announced that Gerard Arpey
and other members of senior management have been granted a very
lucrative stock bonus plan. While his options won't be vested for
some time, Mr. Arpey's new plan alone is worth 7 million dollars at
current value.
AMR's report indicates that these bonuses are necessary to retain key
managers. My feeling is that granting our managers huge bonuses in
the wake of one moderately profitable quarter is insulting to your
efforts and fails to recognize the sacrifices that you have made.
Much has been made of the new relationship between our managers and
our employees. I've long believed that a real new relationship must
be forged by more that mere lip service. The recent announcement of
huge bonuses for our managers while almost 3000 of our pilots remain
on furlough is just more evidence that the new relationship is just
so much business school rhetoric.
Fly safe,
Sam (Mayer, FO, Chairman, LGA)
Date: Sat Jul 30, 2005 9:19 pm
Subject: LGA Pilot Base Brief tony_leonhardt
Offline
Send Email
Fellow LGA Pilots,
We can all take a great deal of satisfaction from the recent
quarterly results. We out-earned most of the industry when special
items are not considered, including the dreaded JetBlue, which is
finally showing signs of financial distress. We're making important
progress to return this airline to consistent and sustained
profitability.
There is no doubt in my mind that you, the line pilot, deserve the
lion's share of the credit for this positive result. YOU are the ones
who made the sacrifices in your pay, working conditions, and
benefits. YOU are the ones who keeps this airline functioning on a
day to day basis. YOU and your fellow pilots are truly the "key
employees" of our airline. In the eloquent words of one of our
Captains who emailed me on this subject:
"In our business, if every senior manager calls in sick on Monday,
the airline still operates...planes fly...revenue is produced. If
every pilot, mechanic, agent, or FA call in sick, the airline shuts
down. "
While you have begun to turn our financial ship around with your hard
work and sacrifices, it seems that our management has taken the
opportunity to reward itself for your hard work. In AMR's quarterly
10Q report filed on July 25, our company announced that Gerard Arpey
and other members of senior management have been granted a very
lucrative stock bonus plan. While his options won't be vested for
some time, Mr. Arpey's new plan alone is worth 7 million dollars at
current value.
AMR's report indicates that these bonuses are necessary to retain key
managers. My feeling is that granting our managers huge bonuses in
the wake of one moderately profitable quarter is insulting to your
efforts and fails to recognize the sacrifices that you have made.
Much has been made of the new relationship between our managers and
our employees. I've long believed that a real new relationship must
be forged by more that mere lip service. The recent announcement of
huge bonuses for our managers while almost 3000 of our pilots remain
on furlough is just more evidence that the new relationship is just
so much business school rhetoric.
Fly safe,
Sam (Mayer, FO, Chairman, LGA)