TIME FOR CHANGE
Veteran
June 14, 2004
VIA FACSIMILE
Mr. Jim Weel
Managing Director EPR
American Airlines, Inc.
PO Box 619616 MD 5235
DFW Airport, TX 75261-9616
RE: Information – Shared Sacrifice - Restructuring
Dear Jim:
As you know, we have had on-going discussions regarding the 2003 restructuring agreement and the issue of “Shared Sacrifice.†A few weeks ago, Jeff Brundage, Senior Vice President Human Resources assured us that finance was in the process of putting together an analysis of a cross section of Management concessions as compared to the labor concessions.
We again raised the issues at the May 19, 2004 Stockholders Meeting and also at the follow-up meeting with Mr. Arpey.
Jim, as you well know we all are aware of the shared sacrifice that Mr. Arpey and the Senior Management has taken. However, although we have been advised that Management’s share across the board is reflective of our members’ sacrifices, we have yet to be giving this breakdown.
Bottom line, our members, as equal partners in avoiding bankruptcy, deserves the information. What is absolutely unacceptable is that our members and all labor groups had to have the entire restructuring agreement completed in less time than it is taking American Airlines to provide us with the comparison, which is the benchmark of credibility.
We can no longer continue to accept more excuses. Therefore, if the information is not received in our office by Monday, June 28, 2004 we will take whatever action we deem appropriate considering that Shared Sacrifice did not occur.
Sincerely,
James C. Little
Director Air Transport Division
Intl. Administrative Vice President
VIA FACSIMILE
Mr. Jim Weel
Managing Director EPR
American Airlines, Inc.
PO Box 619616 MD 5235
DFW Airport, TX 75261-9616
RE: Information – Shared Sacrifice - Restructuring
Dear Jim:
As you know, we have had on-going discussions regarding the 2003 restructuring agreement and the issue of “Shared Sacrifice.†A few weeks ago, Jeff Brundage, Senior Vice President Human Resources assured us that finance was in the process of putting together an analysis of a cross section of Management concessions as compared to the labor concessions.
We again raised the issues at the May 19, 2004 Stockholders Meeting and also at the follow-up meeting with Mr. Arpey.
Jim, as you well know we all are aware of the shared sacrifice that Mr. Arpey and the Senior Management has taken. However, although we have been advised that Management’s share across the board is reflective of our members’ sacrifices, we have yet to be giving this breakdown.
Bottom line, our members, as equal partners in avoiding bankruptcy, deserves the information. What is absolutely unacceptable is that our members and all labor groups had to have the entire restructuring agreement completed in less time than it is taking American Airlines to provide us with the comparison, which is the benchmark of credibility.
We can no longer continue to accept more excuses. Therefore, if the information is not received in our office by Monday, June 28, 2004 we will take whatever action we deem appropriate considering that Shared Sacrifice did not occur.
Sincerely,
James C. Little
Director Air Transport Division
Intl. Administrative Vice President
