PPRuNe Forums - View Single Post - AMR Corp files bankruptcy in New York
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Old 2nd Dec 2011, 18:35
  #102 (permalink)  
hunger4justice
 
Join Date: Dec 2011
Location: USA
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Don't Work for U.S. Carrier

Aside from the fact that the CEOs compensation is rising "AMR Corp. Chief Executive Gerard Arpey received $5.2 million in total compensation last year, even though the parent company of American Airlines was the only major U.S. carrier to lose money in 2010." and the fact that the new aircraft orders are still a go :
"Tom Horton, the chief executive of American Airlines, insisted a £24.7bn order for 460 aircraft from Boeing and Airbus is "rock solid" despite filing for bankruptcy protection"

the fact that they are even allowed to file ch11 with an eye to terminate already agreed upon and earned benefits should be illegal. It is immoral.


That is why I told my child to get their 3000 hrs in and go to the UAE or Cathay, anywhere, that does not have a history of breaking agreements and terminating earned benefits. The best predictor of future performance is past performance, so work for an American Carrier and expect to be screwed.
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