B737 driver
Veteran
- Jul 6, 2017
- 3,381
- 209
So your intake is 4.6 million a year, you pay out 4.5 million leaving a cash flow of $109,000 out of revenues. So your reserves of 2.2 million, no strike fund, so no strike vote. So if you got an injunction , and the judge fined you say 7.5 million , bankruptcy. Leaving the poor Alaska guys and us defenseless. Almost like the Confederate charge at Gettysburg. So this tells me our negotiating committee will end up making a deal. For the long term survival of AMFA.About right. Here’s the 2017 LM-2 figures in a nutshell:
Total assets- $2,185,680
Total liabilities- $312,344
Total receipts- $4,680,314
Total disbursements- $4,571,724
Total membership- 3,357