more details as of 04/01 7:35 pm eastern
from the APFA:
SUMMARY OF APFA/AAL
RESTRUCTURING PARTICIPATION AGREEMENT
· Pay rates reduced by 15.6%, effective 5/1/03
*No 1/1/04 increase
*1.5% increase 5/1/05, 5/1/06, 5/1/07, 5/1/08
· Premium rates reduced 50% (purser, language, galley)
· Understaffing pay reduced 50%
· No holiday pay
· No narrowbody lead pay
· No longevity pay
· No reserve override
· No night pay
· EPT''s up to 12 hours unpaid versus current 8 hours unpaid
· Language pay applies to language speakers on language of
destination only
· Incentive pay for all hours in excess of 69 versus 67
· Per diem reduced to $1.50 Domestic/$1.75 International
· Reduction in uniform points from 18-12 (No carry over of
points)
· Vacation reduced by 33%
*Vacation allowance as follows:
1+ years = 9 days
5+ years = 14 days
12+ years = 19 days
20 + years = 23 days
25 + years = 28 days
· Elimination of the pre-vacation "48"
· Trip selection maximum increased to 77 Domestic/82 International
(Pure bids to 82 Domestic/87 International; Make-up to 85 Domestic/90
International)
· Layover rest minimums changed to FAA minimum
· Monthly guarantee reduced to 70 hours Domestic/International
· Flight attendants paid "actual" flying time versus greater
of actual/scheduled flying time on leg by leg basis, however, guarantee
to remain in tact
· Deadhead at 100% pay/50% credit versus 100% pay/credit
· Last trip of the month pay protection changed to last 5 days of
the month versus last 7 days
· Reassignment protection changed to last 5 days of the month
versus last 7 days
· Eliminate benefits for overage leaves
(Flight Attendants on overage leaves will continue to accrue
bidding seniority and be eligible for pass benefits)
· Eliminate furlough pay
· Reduce sick accrual to 3 hours per month; eliminate rapid
reaccrual
· Minimum annual threshold
(420 paid hours necessary to receive VC/SK accrual. Must maintain 420
hours in rolling 12 month look back period to receive medical/dental
benefits at full time employee rate)
· Eliminate crew meals (Domestic/International)
· Eliminate Part-Time flying
· Profit sharing of up to 15% of eligible pay if threshold met
· Stock options (Labor to receive 24.3% of total AMR outstanding
shares)
*APFA to receive 17.9% of 37,880,000 shares
· Company agrees to satellite base test
· Agreement becomes amendable 4/30/09
· Complete language will be posted as soon as it becomes
available
· Subject to ratification by the APFA membership