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By Eddy Metcalf |
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January 19, 2011 - The US Airline Pilots Association
(USAPA), representing the pilots of US Airways, picketed
on Tuesday at the Since September 11, 2001, US Airways has twice filed for bankruptcy. After its first bankruptcy filing in 2002, the US Airways pilots' pension plan was terminated to help the airline cut costs.
The airline subsequently emerged from bankruptcy in
2003. |
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"From the
pilots’ perspective, the carrier has been operating as two
separate airlines since the merger," explained USAPA President
Mike Cleary. "East US Airways pilots continue to work under a
bankruptcy-era contract designed to help the Company survive,
while our fellow pilots from the original America West Airlines
continue to work under a contract negotiated under the strict
covenants of the Air Transportation Stabilization Board (ATSB)
loans. The ATSB loans have been repaid, and industry conditions
have demonstratively improved since these agreements were
negotiated."
US Airways
reported a third quarter 2010 net profit of $240 million, the
highest third quarter net profit in its history. The company has
also reported record traffic and leading metrics in on-time
performance and customer satisfaction during the last few
months. "As we now enter the sixth year since starting the merger process, the only obvious beneficiary of that transaction is Management," Cleary continued. "While they’ve busied themselves crafting lowball offers and delay tactics at the negotiating table, Management’s compensation has been at or near the industry’s best, in part due to bonuses tied to front-line employee performance. Meanwhile, our pilots languish at absolute rock-bottom wages and working conditions, even as US Airways earns record profits and the industry as a whole has recovered." |