Us Airways Faces Tight Schedule

[BoeingBoy]

US Airways faces tight schedule

PIT Trib-Review 9/16/2004

Jim

 

[Light Years]

From the article:
------------------------------------------
Separately and toward that end, US Airways skipped a $110.5 million contribution due yesterday to employee pension plans. The plans cover 13,311 flight attendants and 11,618 aircraft mechanics and bag handlers.
-------------------------------------------

13,311 F/As? What is that figure from? The entire seniority list is only about 10,000, of which only 5400 are active, 200 are MDA, and about 2-3000 are voluntary furlough. Does that figure include people who have already retired? If so, does that mean that only 3000 or so F/As have ever retired from US Airways in 70 years?

 

[GadgetFreak]

From the article:
------------------------------------------
Separately and toward that end, US Airways skipped a $110.5 million contribution due yesterday to employee pension plans. The plans cover 13,311 flight attendants and 11,618 aircraft mechanics and bag handlers.
-------------------------------------------

13,311 F/As? What is that figure from? The entire seniority list is only about 10,000, of which only 5400 are active, 200 are MDA, and about 2-3000 are voluntary furlough. Does that figure include people who have already retired? If so, does that mean that only 3000 or so F/As have ever retired from US Airways in 70 years?

[post="180856"][/post]​

Im guessing here but there are probably separate accounts that cover groups of employees (year with company or year retired, that sort of thing). There are multiple accounts and they have different start times and payment dates. And this was one of those accounts. Not sure it is too important though. Not being able to make the payment is important.

 

[jimntx]

If so, does that mean that only 3000 or so F/As have ever retired from US Airways in 70 years?

[post="180856"][/post]​

That can't be the explanation because 3000 is more F/A retirees than AA (which has a much larger f/a corps) has had in a 75 year history! Remember that for a long part of that history if you turned 32, gained 10 pounds, or got married, you were fired.

I know that as of early 2002, there had been only 694 f/a retirees in the entire history of AA. We are just now reaching the point where there are substantial numbers of f/as who are both old enough to take retirement and have the years of pension service to qualify.

F/As at AA are retiring at the rate of 40-50 a month now (and the rate has been that high only for the past year or so). That's only 600 a year tops.

 

[PITbull]

From the article:
------------------------------------------
Separately and toward that end, US Airways skipped a $110.5 million contribution due yesterday to employee pension plans. The plans cover 13,311 flight attendants and 11,618 aircraft mechanics and bag handlers.
-------------------------------------------

13,311 F/As? What is that figure from? The entire seniority list is only about 10,000, of which only 5400 are active, 200 are MDA, and about 2-3000 are voluntary furlough. Does that figure include people who have already retired? If so, does that mean that only 3000 or so F/As have ever retired from US Airways in 70 years?

[post="180856"][/post]​

It more like only approx 500 have retired since 2002. In our Summer 2002 negotitions, our analyst had only 78 that actually retired up to that time.

I don't know where they get the firgure 13,000. It more like approx, 11,500