Word: amr
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Dates: during 1990-1999
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...AMR Corp., the parent company of American, has been a champion at it, having shaved more than $1 billion in costs. USAir knocked back 10% of its flights. Delta laid off a large percentage of its work force. Northwest decided to retrofit old aircraft instead of buying new ones. The majors stopped, for the most part, their suicidal price-cutting wars. They curtailed their wildly optimistic purchases of new aircraft that had led them into such trouble in the 1980s. They shut down unprofitable routes, leaving many cities to the commuters...
American's 9,300 pilots are perfectly willing to ground themselves and the nation's largest carrier, taking with them its 90,000 employees. Their anger is directed at one employee in particular, Robert Crandall, chairman of AMR. "As long as you treat your employees as merely 'units costs,' like the Styrofoam coffee cups we throw out after every flight, morale will remain at rock bottom," wrote one pilot on the very active Website of the Allied Pilots' Association, which represents American's pilots...
...with an average pay package of $120,000 a year and a stratospheric wage of $100 to $166 an hour could possibly demand more, the pilots' wages have in fact been frozen for nearly four years. They also believe the company should be in a more generous mode, given AMR's $852 million in profits...
...invoking the 1926 National Railway Labor Act, which governs relations for the airline industry. While American pilots are back in the cockpit, a three-member emergency board named by Clinton will take a month to propose a settlement. If the union and the airline's parent company AMR fail to reach an agreement on the proposal within another month, Congress may impose one. "This dispute needs to be resolved as soon as possible," the President said in his statement, citing concerns that a strike would have cost $100 million a day. American carries 220,000 passengers daily or 20 percent...
...invoking the 1926 National Railway Labor Act, which governs relations for the airline industry. While American pilots are back in the cockpit, a three-member emergency board named by Clinton will take a month to propose a settlement. If the union and the airline's parent company AMR fail to reach an agreement on the proposal within another month, Congress may impose one. "This dispute needs to be resolved as soon as possible," the President said in his statement, citing concerns that a strike would have cost $100 million a day. American carries 220,000 passengers daily or 20 percent...