Allied Pilots Association Leadership Releases Statement Regarding Challenges Facing American Airlines.FORT WORTH, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States[1], and voted one of "America’s Most Livable Communities. -- The Allied Pilots Association (APA (All Points Addressable) Refers to an array (bitmapped screen, matrix, etc.) in which all bits or cells can be individually manipulated. APA - Application Portability Architecture ), collective bargaining collective bargaining, in labor relations, procedure whereby an employer or employers agree to discuss the conditions of work by bargaining with representatives of the employees, usually a labor union. agent for the 13,500 pilots of American Airlines American Airlines Major U.S. airline. American was created through a merger of several smaller U.S. airlines and incorporated in 1934. It continued to buy the routes of other airlines, becoming an international carrier in the 1970s; its routes include South America, the (NYSE NYSE See: New York Stock Exchange :AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. ), issued the following statement today during a meeting of its 18-member board of directors. All 18 directors and the APA President, Vice President and Secretary-Treasurer endorsed the statement: "In 2003, amidst the backdrop of an eroding cash position and legitimate belief that American Airlines was but a step away from bankruptcy, the pilots of American Airlines decided to invest more than $3.3 billion in the airline to secure our future and maintain control of our fate. With this action, our pilots demonstrated that they are not only commanders of the aircraft during flight, but also leaders of the airline on the ground. The other unions at American Airlines also chose to invest in the airline to help prevent bankruptcy last year. "It now appears that the positive results we anticipated from this investment have been at least temporarily deferred by external forces -- foremost among them the dramatic rise in oil prices. "Make no mistake, we are deeply disappointed with the third-quarter results. That said, we believe our proactive approach last year was prudent, appropriate and beyond Wall Street's expectations. Nothing in the current situation convinces us otherwise. The alternative, as illustrated by US Airways, United Airlines and Delta Air Lines, is not appealing. "While the APA Board of Directors has made no firm decisions on what further action may become necessary, we are committed to securing our pilots' careers. We are confident that all of our other fellow employees likewise recognize the need to safeguard the long-term viability of American Airlines." That is the full text of the statement. Founded in 1963, APA is headquartered in Fort Worth, Texas. |
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