US Airways CEO Turns Down Bonus | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 09.21.17

Airborne 09.25.17

Airborne 09.26.17

Airborne 09.20.17

Airborne 09.21.17

Airborne 09.22.17

Airborne-Unmanned 09.19.17

Airborne-YouTube

AMA 09.21.17

Airborne 09.25.17

Airborne 09.26.17

Airborne 09.20.17

Airborne 09.21.17

Airborne 09.22.17

Airborne-Unmanned 09.19.17

NEW!!! 2017 AirVenture Innovation Preview -- YouTube Presentation / Vimeo Presentation

Wed, Mar 15, 2006

US Airways CEO Turns Down Bonus

"It Was The Right Thing To Do"

It's the kind of news you really don't expect to hear from of the airlines anymore -- but Aero-News has learned that W. Douglas Parker, CEO of US Airways, turned down a $770,000 bonus he was entitled to under terms of his contract as the former head of America West.

USA Today reports Parker said he could not accept the incentive, as US Airways has not yet turned a profit -- meaning employees haven't received anything yet from an employee profit-sharing plan.

Parker -- who became chairman, president and CEO of the combined US Airways after America West merged with US Airways last year -- earned the bonus while heading America West.

While US Airways employee unions applauded Parker's decision, they also lamented the CEO's altruism wasn't shared by most of the airline's other managers -- who accepted their bonuses, thus continuing a trend unions have criticized at US Airways for years.

"It shows a step in the right direction in terms of at least one management person sharing some of the pain that the US Airways Group employees have gone through over the past few years," said Mike Flores, president of the Master Executive Council for the Association of Flight Attendants for US Airways.

Flores added Parker personally told him he had refused the bonus because "it was the right thing to do."

"I think it definitely is the right thing to do," Flores said. "I don't think any management should be taking any bonus or any incentive until this company makes a profit, and that goes from Mr. Parker all the way down to the lowest person in management."

As Aero-News reported last month, US Airways posted a $261 million loss in the fourth quarter of 2005. In announcing the loss, however, Parker said he was confident the airline would be profitable this year.

FMI: www.usairways.com

Advertisement

More News

Airborne 09.22.17: Breitling DC-3, World Aerobatic Championships, CFI Training

Also: Egan PLIMP, Aero-Honesty, Orbital ATK, United Airlines 747, New AIA Boss, Bristow Norway, ABS Celebrates 50th Having departed from Geneva last March, the Breitling DC-3 made >[...]

RFP: ANN Seeking New Site/Facility For Major Studio Upgrade

It's Official: Aggressive Upgrades For New Airborne Programs WILL Require New Digs It's been in development for years, but we're getting to a point where we think we can pull off s>[...]

Airborne-Unmanned 09.19.17: FAA OKs FL Drone Ops, ICAO Registry?, No Pot Drones

Also: FAA Reauthorization, Medical Drone Transport, USMC Quadcopters, Canister Launched UAS, Atlas Dynamics Airborne, primarily based in Jacksonville, FL is starting to recover fro>[...]

AMA Drone Report 09.21.17: AMA Expo West, Parrot Mambo, No Drone Pot Delivery

Also: Drone Injury Study, Cook County-IL, Northeastern Drone Society, Propel Star Wars Drones, GA UAS Integration One of the pinnacle model aviation events of the year is coming up>[...]

AMA Comments On Singer Decision

Dr. Michael Singer’s Victory in A Federal Court Has Serious Legal Potential Rich Hanson, President of the Academy of Model Aeronautics (AMA), has issued the following stateme>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC