FORT WORTH, TX, and TEMPE, AZ – AMR Corporation (OTCQB: AAMRQ), the parent company of American Airlines, Inc., and US Airways Group, Inc. (NYSE: LCC) today announced that they have received clearance from the European Commission under the EC Merger Regulation for their proposed merger. Tom Horton, chairman, president and CEO of AMR, and…
Tag: Merger
Letter from Doug Parker, Senior Leadership Team. June 10, 2013
Dear American and US Airways Team Members, Today I am pleased to announce the senior leadership team that has been selected to lead the new American Airlines. The team we are naming today is comprised of senior leaders from both American and US Airways. As individuals, they each have outstanding industry expertise and experience. Collectively,…
As American Airlines merger date nears, questions abound (Dallas Morning News- 6-3-2013)
SOURCE, Dallas Morning News Tom Fox/Staff Photographer Wil the new American Airlines design remain as it is on fresly painted planes? An American exec says yes, but Doug Parker, who will be CEO of the combined company, doesn’t seem 100 percent. By TERRY MAXON Staff Writer tmaxon@dallasnews.com Published: 03 June 2013 11:20 PM Updated: 03 June 2013…
Joint merger newsletter
Earnings Extravaganza We may have a few months before we expect the merger to close, but it’s a sign of great things to come that both American Airlines and US Airways are performing better than ever. This past week the two companies each reported excellent results for the first quarter of 2013. A breakdown of…
AMR answers questions about AMR stock
AMR put these questions and answers on its investor relations page. We put it here unedited. AMR COMMON STOCK Q&As Important note: The brief answers below are provided for informational purposes only and are not intended to be a substitute for a careful review of the relevant documents, which include the merger agreement and support…
TWU AA/US Airways Merger Talking Points
What does the Merger announcement mean for our TWU members? TWU work groups will continue to operate under the American Airlines collective bargaining agreements. The Memorandum of Understanding (MOU) negotiated last month with American Airlines and US Airways will provide a wage increase of 4.3 percent over and above previously negotiated contract agreements for TWU…
Seniority Integration What the Teamsters Don’t Know or Won’t Tell You
When the merger between US Airways and American Airlines is announced, what issue will be uppermost on your mind? As you think about your future, your answer will be simple: seniority. Seniority determines not just when and where you work; it also determines if you work. When the American seniority list is “integrated” with…
TWU vs IBT/AMFA
With the US Airways deal now a distinct possibility, it is time to review where the TWU membership in Tulsa now stands fourteen months after American’s Chapter 11 filing; particularly in light of the claims of two competing organizations that they could have handled this event better than the TWU. If there is a merger…
Q&A regarding the MOU
PAY ISSUES 1. Was profit sharing eliminated? If so, what was it replaced by? We eliminated profit sharing and replaced with a base pay increase that is substantially more valuable to our members. Profit sharing is a one-time bonus pay conditioned on profitability. It is not base pay which is a permanent part of compensation. We have…
More Details on the MOU with US Airways
From Bobby Gless, February 1, 2013 TO: AA Locals 501 – 568 RE: MOU Dear Brothers & Sisters: I have received a number of calls about the MOU that we posted on the website on Monday. Therefore, I asked the Director of Strategic Research to provide an explanation of how a 4.3% raise compares to…