Pilots Call American Airlines Bonuses “Stunning:” Airline Says They Are Routine
The following Article was written by Ted Reed and posted on Forbes.com.
On the American Airlines earnings call Friday, CEO Doug Parker said management employees received 51% of their targeted bonus for 2018 – meaning some mid-level managers received bonuses of about 9% — a disclosure that came as a surprise to the carrier’s pilots union.
American’s short-term incentive plan is tied to pretax profits: the threshold is $3 billion. Responding to an analyst’s questions about the plan, Parker said that while 2018 pretax earnings were slightly below $3 billion, the incentive is based on a total that is calculated … Read More...