January 20, 2012
American Airlines' parent company, AMR Corp., made only a partial payment in January to fund its employee pension plans, a federal agency said.
The Fort Worth company contributed $6.5 million to its employee pension plans instead of the $100 million payment that was due Sunday.
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January 20, 2012
American Airlines' parent made only a small fraction of the roughly $100 million payment it was scheduled to contribute to the company's employee pension plans, according to a federal agency.
AMR Corp. instead contributed just $6.5 million by the Jan. 15 deadline. The shortfall threatens to further undermine funding at pension funds ...
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January 19, 2012
Greetings to all our brothers and sisters at American Airlines,
The Australian Licenced Aircraft Engineers Association (ALAEA) recognises the unfortunate circumstances you find yourselves in with your company filing for Chapter 11 bankruptcy. It is absolutely gut wrenching when the workers of a company go to extraordinary lengths to keep their company alive whilst the management team award themselves bonuses.
Management does so on the premise of keeping the airline afloat whilst, in essence, disguising their ever increasing bank balances. What really tears at the soul is that they do it at the expense of those who truly love the company and have carried it through the hard times.