Tag Archives: american airlines

DOJ Antitrust Suit Opposes American – US Airways Merger

The Department of Justice filed a civil antitrust lawsuit opposing the proposed $11 billion merger between US Airways and American Airlines. DOJ said that the merger would result in world’s largest airline, and would “substantially lessen competition for commercial air travel in local markets throughout the United States and result in passengers paying higher airfares and receiving less service.” Continue reading

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U.S. Airline Employment Rises Slightly in June

U.S. scheduled passenger airlines employed 1.4% more workers in June 2012 than they did in June 2011 but still remain below pre-Great Recession levels, the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today. Continue reading

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American Airlines to Freeze not Kill Pensions in Union Victory

The so-called pension freeze covers unionized flight attendants and other ground workers, but does not cover American Airline pilots because their pension plan includes a lump-sum payment upon retirement. It would have been possible for some of them to flee the once proud airline, meaning American would have an expensive aviation museum consisting of planes largely on the ground. Continue reading

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PBGC Says American Airlines Workers Should Worry About Pensions and Medical Care – So Should Taxpayers

The Pension Benefit Guaranty Corporation has called out what it says is misleading statements to American Airlines employees by its management about their pension plans under a bankruptcy reorganization. “American Airlines is telling their workers and retirees not to worry, … Continue reading

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American Airlines Files for Bankruptcy – Pensions Threatened?

American Airlines has four traditional pension plans that cover almost 130,000 participants. As of today, the plans collectively had only about $8.3 billion in assets to cover about $18.5 billion in benefits, according to the Pension Benefit Guaranty Corporation. If American Airlines were to end their plans, the agency would be responsible for paying about $17 billion in benefits; about $1 billion in benefits would be lost. Continue reading

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