This is Gregg Overman, APA Communications Director, with the APA
Information Hotline for Sunday, March 30 at around 12:30 AM Central.
NEGOTIATIONS UPDATE: APA issued the following statement a short time
ago concerning the ongoing negotiations between APA and American
Airlines management:
"After intensive, seven-day-a-week negotiations for the past month,
on Saturday evening, March 29, the Allied Pilots Association
presented American Airlines management with $660 million in contract
concessions annually, which is the cost savings target management
established for APA at the onset of these negotiations. These
concessions are primarily concentrated in proposed work rule changes
and across-the-board pay rate reductions.
"Coincidentally, the pilots of United Airlines reached a tentative
agreement with that carrier''s management earlier this week. After
analyzing their tentative agreement together with the proposal we
have made to our airline''s management, we are confident that the
savings we are offering will enable American Airlines to compete both
in the short- and long-term with a newly restructured United and US
Airways, as well as with the low-cost carriers in our industry.
"We are hopeful that we will be able to conclude these negotiations
quickly for the benefit of all concerned, including our pilots,
fellow employees, our company''s shareholders, and the traveling
public."
That is the full text of the statement. The APA Board of Directors
will reconvene in the morning. As soon as there is additional
information to share with you regarding the negotiations between APA
and management, we will provide it.