US Airways strikes deal with 3 unions on American-US Airways merger
2012 05 01
- Details
THREE unions representing American aviation workers have come out in support of the impending merger between US Airways and American Airlines, reports Atlanta-area Air Cargo World.
With American Airlines parent, AMR Corportation, in bankruptcy, creditors have to approve any deal that emerges.
After three days of talks, the Allied Pilots Association, the Transport Workers Union and the Association of Professional Flight Attendants reached conditional labour agreements with US Airways.
"Today's news does not mean we have agreed to merge with American Airlines. It only means we have reached agreements with these three unions on what their collective bargaining agreements would look like after a merger, and that they would like to work with us to make a merger a reality," said US Airways CEO Doug Parker.
American Airlines recently posted a US$1.7 billion net loss in the first quarter - a drop that occurred mostly because of restructuring costs - but saw a 9.1 per cent increase in revenues to $6 billion. Without including one-off special costs, the company posted a loss of $248 million against a $405 million loss suffered the previous year.
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