Suspicion Surrounding American Airlines ‘Big Six’ Stock Purchase

June 12, 2019 Admin 0

June 12, 2019

In a recent article published on Inc.com, it was reported that six of American Airlines’ top executives recently purchased over $3 million in company stock, almost half of which was bought by CEO Doug Parker. These six executives now own over $129 million in American stock. After the news of their purchases was announced, the stock surged about 12% making them $300,000 on the stock they just bought and $15 million on the stock they already own.

It is not a coincidence that the “Big Six” made these purchases while the stock was near its lowest … Read More...

New Wall Street Journal Ad Calls Out American Airlines

June 10, 2019 Admin 0

June 10, 2019

The International Association of Machinists and Aerospace Workers is calling out top executives at American Airlines with a new ad in the Wall Street Journal.

Here’s the text of the full-page ad:

“American Airlines stock has dropped to near-record lows under the leadership of CEO Doug Parker and President Robert Isom.

Now, analysts predict AA stock value could drop even lower because Parker and Isom have abandoned the bargaining table and instead have chosen a path which may lead to a lawful strike under the Railway Labor Act.

“Falling oil prices might ease some of the downward Read More...

Southwest Airlines Contract Negotiations Update – June 10, 2019

June 10, 2019 Admin 0

June 10, 2019

The Union and the Company met the week of June 3, 2019 in Dallas, Texas to continue our contract negotiations.

Topics of discussion were Articles 5, 7 and 11. There are opposing viewpoints regarding Article 7, regarding the use of mandatory overtime (MOT). Your committee is resolute in delivering a contract that insures we, as members of the IAM and employees of SWA, enjoy a quality of life deserving of working women and men.

Negotiations will continue June 18 – 20, 2019.

Fraternally,

April Butler        Kenny Champagne        Carrie Lessley       Jessica Morris

GENERAL CHAIRS

Ian Scott-Anderman

SECRETARY-TREASURER

Lollie … Read More...

Alaska Airlines Negotiations Update – 06/07/2019

June 8, 2019 Admin 0

June 7, 2019

Sisters and Brothers: 

The joint Alaska Airlines Negotiating Committee continued negotiations with Alaska Airlines management June 4-5, 2019, in San Francisco, California. 

Represented by the Company were: Shane Tackett, Executive Vice President/Strategic Planning; Jenny Wetzel, Vice President/Labor; Wayne Newton, Vice President/AOCS; Jason Berry, Managing Director/Cargo; Jeanne Davis, Director/Call Centers; Bob Hartnett, Director/Labor; Denise Kliskey, COPS Labor Manager; Rebecca Meissner, Senior Attorney; and Melinda Maher, Director/Corporate FP&A. 

Joining your Negotiating Committee were: Kris Hannah, Grand Lodge Representative; Richard Pantoja, Grand Lodge Representative; and Brianna Gregory, Grand Lodge Representative. 

Discussion this week pertained to all outstanding issues, including: Work … Read More...