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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
Posted in aviation, litigation, news, transportation
Tagged american airlines, autoinformed, autoinformed.com, doj, Ken Zino, us airways
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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
Posted in aviation, economy, news, results, transportation
Tagged airline employment, american airlines, auto informed, autoinformed.com, automotive news, bts, delta airlines, dot, great recession, Ken Zino
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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
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
Posted in aviation, economy, financial results, labor issues, news, news analysis, people, results, transportation
Tagged american airlines, amr, auto informed, auto news, autoinformed, autoinformed.com, automotive news, Ken Zino, pbgc, pension, pension benefit guaranty corporation, zino
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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
American Fined $900,000 for Tarmac Delays at O’Hare Airport
Between May 2010 and April 2011, the first 12 months after the three-hour limit was in effect, the larger U.S. airlines required to file tarmac delays reported 20 tarmac delays of more than three hours, none of which was more than four hours long. In contrast, during the 12 months before the rule took effect, these carriers had 693 tarmac delays of more than three hours, and 105 of the delays were longer than four hours, according to DOT. Anti-government regulation fanatics should note that this is a clear case of effective regulation. Continue reading
Posted in aviation, news, news analysis, results, transportation
Tagged airline fines, american airlines, american eagle, auto informed, auto news, autoinformed, autoinformed.com, automotive news, department of transportation, dot, government regulations, Ken Zino, ray lahood, tarmac delay fines, tarmac delays, zino
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