Wednesday September 23, 2020

APFA applauds start of merger talks between US Airways, American Airlines

The Association of Professional Flight Attendants, which represents American Airlines flight attendants, quickly put out a note Friday morning applauding the announcement that US Airways and American Airlines are talking merger. “APFA looks forward to the prospects of a merger now that US Airways (LCC) has signed AA’s non-disclosure agreement (NDA). “The NDA, which contains […]

Parker talks about AMR merger

US Airways held a conference call Wednesday with analysts and reporters to talk about US Airways’ second quarter earnings. As part of that, chairman and CEO Doug Parker discussed the carrier’s proposed merger with American Airlines and its parent, AMR. In short: he wants to see the non-disclosure agreement from American before determining if American […]

APFA reports ‘some progress’ in American Airlines contract talks

The Association of Professional Flight Attendants sent out a midday update Friday that was short on details: “APFA met with the company this week in an effort to seek improvements to the Term Sheet AA has been trying to implement via bankruptcy court. Some progress has been made and President Glading will be briefing the […]

APFA: We and American Airlines want to reopen contract talks

The Association of Professional Flight Attendants put out this hotline late Monday evening: “APFA and the Company have been in contact with each other regarding negotiations and both parties have expressed their desire to return to the table. “APFA continues to examine the potential deal between APA and management, along with our attorneys and other […]

Pilots report progress in mediated talks with American Airlines management

Mediated talks between the Allied Pilots Association and American Airlines have made some headway, and the two sides will meet again next week, the APA said in a negotiating update Thursday afternoon: “Mediated negotiations with AMR senior management were held this week in New York. The Honorable Judge James Peck, court-appointed mediator, supervised the talks […]

AP talks to AMR/AA chairman Tom Horton

Associated Press airline reporter David Koenig had a sit-down interview with AMR/American Airlines chairman, president and CEO Tom Horton. We don’t think it broke any new news, but it is an interesting read. Snippets: Q: What happened the day you were picked to replace Gerard Arpey as CEO? A: We had a board meeting in […]

Horton talks about AMR’s proposals in reorganization

Tom Horton, chairman, president and chief executive officer of AMR and American Airlines, held a brief telephone press conference Wednesday afternoon to talk about the company’s proposals. Here are his opening remarks: “As you know, we are now several weeks into our restructuring process. We continue to make good progress on a comprehensive plan to […]

PBGC talks about its seat on AMR/American Airlines creditors committee

Here’s a statement from Josh Gotbaum, Pension Benefit Guaranty Corp. director, about the PBGC getting a seat on the committee of unsecured creditors in the bankruptcy case of AMR, American Airlines and other AMR subsidiaries: “We’re committed to working with American Airlines, their workers, retirees and other parties, so the company can successfully reorganize while […]

Analyst: American Airlines pilots now hold the leverage in contract talks

Airline analyst Hunter Keay of Wolfe Trahan opines that the Allied Pilots Association “has immense bargaining leverage in our opinion.” “While AMR shares are plummeting, CDS [credit default swaps] spreads are widening, and cash burn continuing, it feels like APA is putting AMR ‘on ice,’” Keay wrote in a Friday report, “ironically not unlike how […]

APA: Talks with American Airlines ‘positive and modestly productive’

The Allied Pilots Association told members Friday that talks with American Airlines this past week “were positive and modestly productive.” It also acknowledged members’ concerns about domestic code-sharing, in which American would put its flight numbers and AA code on the flights of other airlines: “We want you to know that we have received your […]