DFW ALERTS

Alerts & News for DFW (& surrounding areas). Comments not necessarily opinion of DFW Alerts

AA Bankruptcy and AMR Merger

@JasonWhitely is in NYC tweeting live on the @AmericanAir Bankruptcy & AMR Merger

Here is a transcript of the mornings posts (more will be posted as it is available)

7:44am PIC: 300+ @AmericanAir flt attendants, TWU ground wrkrs staging in NY’s Battery Park b4 rally against contract cuts. http://ow.ly/i/A7S4

7:47am PIC: Laura Glading, pres. of @AmericanAir flt attendants union, 1 of several spkrs at NY rally against contract cuts. http://ow.ly/i/A7VI

7:54am PIC: US Bankruptcy Court in NYC where @AmericanAir will start making its case for canceling union contracts. http://ow.ly/i/A7Y4

8:20am “A merger w/ @USAirways is the path we must take,” AA Flight Attendants Union Pres Laura Glading said at NY rally. “Get this merger done!”

@AmericanAir Union Leader at rally in NYC: “We will not stand by and let the judiciary gut our families.”

8:30am PIC: An estimated 750 @AmericanAir flt attendants, ground wrkrs, mechanics rallying in NYC across from court. http://ow.ly/i/A8dl

8:35am PIC: Press of TWU, @AmericanAir’s mechanics & ground wrkrs: “This isn’t a bankruptcy process. This is a crime scene.” http://ow.ly/i/A8fK

@AmericanAir union wrkrs in NY chanting: “AA got bailed out. We got sold out.” Referencing concessions keeping AA out of bankruptcy in 2003.

8:50am NOW: Large, loud rally of chanting @AmericanAir union employees marches, stands in front of NYC bankruptcy court: http://ow.ly/i/A8nX

9:11am AA BANKRUPTCY: TWU agreed to send @AmericanAir’s last offer to membership for a vote. Tally not known until next wk.

9:11am Just got inside the NY Bankruptcy court. Courtroom is packed. Two overflow rooms w/ TV of proceedings are jammed as well.

9:33am AA BANKRUPTCY: Why is NYC hearing a big deal? Almost $1B in cuts on the line including 13K jobs. @AmericanAir is 1 of largest DFW emplyrs.

9:33am Sources say at least one @USAirways executive attended the @AmericanAir union rally outside bankruptcy court.

9:58am AA BANKRUPTCY: @AmericanAir atty says management earns “below market” salaries while union employees earn above market pay.

10:32am AA BANKRUPTCY: Pilots Union atty: “How we got here is more in the company’s declarations than Mr. Gallagher’s (AA Atty) presentation.”

10:32am AA BANKRUPTCY: Pilots union atty says @AmericanAir pilots took 23% pay decrease in 2003. That’s 1992 levels.

10:35am AA BANKRUPTCY: Pilots union atty tells NYC judge that labor has been betrayed with @AmericanAir executive bonuses & compensation.

10:50am AA BANKRUPTCY: @AmericanAir pilots union atty expects AA to merge post-bankruptcy. Unions suggest do it now and save jobs.

10:52am AA BANKRUPTCY: @AmericanAir pilots atty says these are draconian cuts. Continues to advocate merger w/ @USAirways to the bankruptcy judge.

10:55am AA BANKRUPTCY: Atty for flight attendants giving opening now. Says avg age for @AmericanAir FA is 51. Avg salary is $45K .

10:57am AA BANKRUPTCY: Flight attendants atty says labor went through ‘bankruptcy’ in 2003 – it was out of court. We gave AA exactly what it needed.

~~~~~~~~~~~~~~~~~~~~~~~~~~

1:18pm DEVELOPING: @AmericanAir says it offered TWU ground workers new offer that will save “substantial # of jobs.” Membership now voting on it.

1:20pm AA BANKRUPTCY: Attorneys representing all six sides (unions, airline, pension org, and unsecured creditors) finished opening statements.

1:20pm AA BANKRUPTCY: Airline now calling 1st of its 12 witnesses. It’s an analyst detailing @AmericanAir’s performance against competitors.

1:54am DEVELOPING: @AmericanAir quietly made a new offer to TWU ground workers that would save several thousand jobs. Wrkrs voting on it this wk.

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