Biggest US Airways Union Not Signed Onto Merger
CHARLOTTE, N.C. (TheStreet) -- Five labor unions at US Airways (LCC) and American Airlines (AAMRQ.PK) have signed onto a joint statement voicing support for the merger between the two carriers.
But the biggest union at US Airways, which represents about 14,000 mechanics and fleet service workers, stayed away. Leaders of the International Association of Machinists said they cannot back a merger until their contract is signed.
"IAM members at US Airways need and deserve contracts now," said IAM District 141 President Rich Delaney, in a prepared statement. "The machinists union will not allow US Airways to stall our members' contract negotiations while it devotes its attention to merging with American Airlines. The IAM is prepared to support this merger only if it provides real value to employees."
"The IAM has been in negotiations with US Airways to amend existing contracts for approximately two years," said IAM District 142 President Tom Higginbotham, in a prepared statement. "US Airways, however, has been more concerned with courting American Airlines than negotiating with its own employees."
In an interview on Thursday, US Airways President Scott Kirby said "all of the American Airlines unions and two at US Airways (support) the merger. We are in talks with the IAM and hope to have them on board too." Follow @tedreednc -- Written by Ted Reed in Charlotte.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV