FORT WORTH, Texas, May 15, 2012 /PRNewswire/ -- American Airlines issued the following statement, attributed to spokesman Bruce Hicks:
"American Airlines is pleased to announce ratified agreements with five workgroups represented by the Transport Workers Union (TWU), including Fleet Service, Dispatch, Maintenance Control Technicians, Simulator Technicians, and Ground School and Simulator Pilot Instructors. These consensual agreements preserve approximately 1,300 jobs, and provide an Early-Out package, a profit sharing plan, future pay increases, a 401(k) company match and a potential company prefunding refund.
"Today's ratification announcement demonstrates American's willingness to address the TWU's interests and the union's willingness to negotiate new contracts that achieve the cost savings needed for our successful restructuring. We realize this was a very difficult decision for our TWU-represented employees.
"We are disappointed that the Mechanic & Related and Stores workgroups did not ratify the company's latest settlement proposals. For these groups, we will continue to pursue our 1113 Motion to Reject the current labor agreements. It's important to note that if the 1113 motion is approved, American will move forward with implementation of the March 22 term sheets, which do not offer the job savings and improvements offered in the settlement proposals. In addition, American will be prepared to continue to negotiate in good faith with the TWU with the goal of reaching consensual agreements."
About American Airlines
American Airlines, American Eagle and the AmericanConnection® carrier serve 260 airports in more than 50 countries and territories with, on average, more than 3,500 daily flights. The combined network fleet numbers more than 900 aircraft. American's award-winning website, AA.com®, provides users with easy access to check and book fares, plus personalized news, information and travel offers. American Airlines is a founding member of the oneworld® alliance, which brings together some of the best and biggest names in the airline business, enabling them to offer their customers more services and benefits than any airline can provide on its own. Together, its members and members-elect serve more than 900 destinations with more than 9,000 daily flights to 150 countries and territories. American Airlines, Inc. and American Eagle Airlines, Inc. are subsidiaries of AMR Corporation. AmericanAirlines, American Eagle, AmericanConnection, AA.com, and AAdvantage are trademarks of American Airlines, Inc. AMR Corporation common stock trades under the symbol "AAMRQ" on the OTCQB marketplace, operated by OTC Markets Group.
Current AMR Corp. news releases can be accessed at http://www.aa.com
SOURCE American Airlines