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The Facts on the 4.3% Raise for TWU Members at American Airlines
Posted On: Jan 31, 2013

 

 

 

The Facts on the 4.3% Raise for TWU Members at American Airlines

There has been a question raised by some members about whether the trade off of profit sharing for the 4.3% base pay increase was a good deal.  It's been claimed that the  4.3% raise is not worth as much as the so called 5% profit sharing program.

No profit sharing program has put a cent in our members’ pockets in 12 years. This is because AA hasn’t made a profit since 2000. To put it simply, the TWU gave up nothing in order to get our members a significant raise.

5% profit sharing does not mean a 5% pay raise.  Under the program, if the company earns a profit each year, 5% of that profit will be distributed among the employees as a lump sum.  Even if the company earns a billion dollars, 5% of profit sharing would be $50 million, and would produce a onetime bonus payment to the average TWU member of about $625.   Compare this to the 4.3% GUARANTEED ANNUAL INCREASE THAT PAYS (AMTs) $1.20 per hour, or over $2,500 per year.  Also remember that in order for a member to receive the same profit sharing payment the following year, the company would AGAIN have to earn a huge profit.  In the meantime, the 4.3% pay increase is always there, compounding as new percentage increases are added each year and also compounding the value of overtime and 401k payments.


FACTS COUNT



 

 

TWU

TRANSPORT WORKERS UNION
OF AMERICA AFL-CIO

501 3rd St. NW 
Washington, D.C. 20001

OFFICE 202-719-3900 FAX 202-347-0454

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