Hopeful
Veteran
- Dec 21, 2002
- 5,998
- 347
Bob, what I meant to say was that is what AA will claim when it happens at the other carriers!Bob Owens said:Hopeful;
I have to dissagree with you on one point.
You said that when the other airlines discontinue their pension plans that AA will be at a disadvantage.
Not true.
You see our concessions were so deep, so drastic that not only is the pension liability reduced, but our other concesions such as holidays and loss of vacation more than pay for the pension. Those two concessions account for over $5000 less per year in earnings.
But you are right!