This Day On The Street
Continue to site
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

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 - Get Report) 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 - Get Report) 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."

Must Read: United Posts a Loss as Two Rivals Report Record First Quarters

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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAL $34.58 0.44%
DAL $42.92 1.78%
AAPL $95.18 1.64%
FB $117.43 -0.96%
GOOG $692.36 -0.84%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs