This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

American Flight Attendants: Record Quarter? We Want Record Contract

Updated with major airline mid-morning share price performance.
 
Dallas (TheStreet) -- Flight attendants at American Airlines (AAL) hailed the carrier's record-breaking earnings Thursday and said they hope they will lead to a record-breaking contract.

The flight attendants want "an industry-leading joint collective bargaining agreement that recognizes their prominent role in the company's success," the flight attendants union said.

American reported Thursday that it earned $402 million excluding items, or $480 million including items, in the first quarter, both records. "In the entire history of American Airlines, we have never earned $400 million in the first three months of a year, " said CEO Doug Parker in a message to employees. American outperformed both Delta (DAL) and United (UAL) in the first quarter.

In mid-morning trading, American shares were up 31 cents to $37.40. Delta shares were up 5 cents to $37.14. United shares were down $2.56 to $43.50.

American's flight attendants said they "are seeking an industry-leading joint collective bargaining agreement that recognizes their prominent role in the company's success."

"What's good news for American is great news for flight attendants," said Laura Glading, president of the Association of Professional Flight Attendants, in a prepared statement. "As the face of this airline, we will continue to work hard to make the company a success. Doug Parker knows that. I feel confident that we'll reach an agreement that recognizes the flight attendants' contribution and commitment to the new American."

Glading and APFA were principal early supporters of the merger as labor unions, including the Allied Pilots Association and the Transport Workers Union, took the lead in convincing the creditors committee at bankrupt American to back a merger with US Airways.

APFA, which represents American flight attendants, and the Association of Flight Attendants, which represents US Airways flight attendants, have agreed that APFA will be the surviving union at American.

"The flight attendants at American Airlines deserve a record-breaking contract, which reflects our contributions in making this merger a reality," said Roger Holmin, president of the AFA master executive council, in a prepared statement. "This contract should set our 24,000 Flight Attendants apart and establish us well above the rest of the industry."

Written by Ted Reed in Charlotte, N.C.

To contact this writer, click here.

Follow @tedreednc

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim 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
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David 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
Dividend Stock Advisor
Try it NOW

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
Real Money Pro
Try it NOW

All 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 Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our 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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,067.56 -30.89 -0.18%
S&P 500 2,002.28 -1.09 -0.05%
NASDAQ 4,598.1880 +17.9170 0.39%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs