Allied Pilots Association Proposes Pay Restoration for American Airlines Pilots; Cites Membership Mandate, Dramatic Increase in Management Compensation.'Inflation Has Steadily Eroded e·rode v. e·rod·ed, e·rod·ing, e·rodes v.tr. 1. To wear (something) away by or as if by abrasion: Waves eroded the shore. 2. To eat into; corrode. Our Purchasing Power' 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 ), representing the 12,000 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. ), presented a pay proposal to the carrier's management today that is designed to restore the pilots' lost purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. . Current American Airlines pilot pay rates are slightly lower than what they were in 1992, with inflation eroding the pilots' purchasing power by more than 33 percent since that time. APA's proposal calls for adjusting current pay rates to account for post-1992 annual inflation, as reflected by the Consumer Price Index. American Airlines management rejected an earlier pay proposal APA's previous leadership made in May. Shortly thereafter, the membership elected its current national officers by the widest margin and with the largest voter turnout in APA history. Upon taking office, the newly elected leadership commissioned a survey of the membership regarding the ongoing contract negotiations with American Airlines management. "Our pilots were unequivocal in our recently concluded membership survey--it's time to restore their purchasing power," said APA President Captain Lloyd Hill. "Moreover, that erosion accelerated dramatically for our pilots and their families with the deep concessions we made beginning in 2003." Hill pointed out that the majority of American Airlines' pilots have been with the airline since the early 1990s, which means that pilots have endured an ongoing decline in their standard of living for much of their careers with the carrier. "In sharp contrast to what our pilots have endured, American Airlines management has given itself what amounts to an exponential 1. (mathematics) exponential - A function which raises some given constant (the "base") to the power of its argument. I.e. f x = b^x If no base is specified, e, the base of natural logarthims, is assumed. 2. increase in compensation over the same period. What we are seeking for our pilots doesn't even begin to approach management's gains," Hill said. American Airlines' five "Named Executive Officers" (as identified in documents filed with the Securities and Exchange Commission) have experienced an increase of 469 percent in their total compensation since 1992. For the CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , the increase has been even more dramatic. In 1992, American Airlines CEO Robert Crandall's total compensation was $1,013,471. Current CEO Gerard Arpey's total compensation for 2007 will be $8,344,971--an increase of 723 percent, representing a 560 percent increase in purchasing power. "It is well past time to restore our pilots' purchasing power," Hill said. "After all, management compensation has done much more than simply keep pace with inflation. By any measure, the past 15 years have been extremely lucrative for our airline's senior executives." For more details regarding APA's pay restoration proposal and other proposals the union has made during the ongoing contract negotiations, go to www.apanegotiations.com. Founded in 1963, the Allied Pilots Association--the largest independent pilot union in the U.S.--is headquartered in Fort Worth, Texas. APA represents the 12,000 pilots of American Airlines, including 2,570 pilots on furlough fur·lough n. 1. a. A leave of absence or vacation, especially one granted to a member of the armed forces. b. A usually temporary layoff from work. c. . The furloughs began shortly after the September 11, 2001 attacks. Also, several hundred American Airlines pilots are on full-time military leave of absence serving in the armed forces. The union's Web site address is www.alliedpilots.org. American Airlines is the nation's largest passenger carrier. |
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