| Teesus | Date: Thursday, 2013/07/18, 11:04 AM | Message # 1 | DMCA |
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American Airlines’ parent company announced Wednesday that it made $220 million in profits during the second quarter, thanks in large part to cost cutting that hurts airline workers. In an effort to restructure itself after filing for bankruptcy, the airline spent 18 percent less on worker pay than it did last year, according to the AP.American Airlines is also preparing to merge with US Airways, which, if approved by antitrust officials at the Department of Justice, would form the largest airline in the world. But workers are protesting the immense inequality between their wages and working conditions and ballooning executive pay in the airline industry.
Over 100 airline workers and supporters held a rally at US Airways’ shareholders meeting in New York on July 12 while its executives deliberated over the proposed merger. Inside the meeting, executives discussed increasing their compensation by 44 percent and granting a $19.8 million severance package for American’s CEO Tom Horton if the merger goes through, but failed to address low wages and poor working conditions for subcontracted airline workers.
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Message edited by Teesus - Thursday, 2013/07/18, 11:08 AM |
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