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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV