Fri, Jan 18, 2008
Seek Return On Their Investment In Airline's Success
Capt. Tom Donaldson, chairman of the
Continental pilots' union, represented by the Air Line Pilots
Association, Intl., has responded to Continental Airline's
financial statement for the fourth quarter of 2007. The company
reported Q4 pre-tax profits of $71M and $566M for the year.
"Continental pilots have worked hard and sacrificed, both
financially and in their personal lives, to help ensure that our
carrier is successful," states Capt. Donaldson, "It's time for the
pilots to be repaid for the hundreds of millions of dollars in
concessions we gave to the company. The loan on our futures is
due."
He added, "As the company is making profits, we're working under
a concessionary contract, spending amounts of time flying at lower
pay rates, with more days away from our families. We simply want a
fair return on the investment we made with our quality of life and
that of our families to save the company."
The pilots' union, ALPA, and Continental management will begin
negotiations on the economic sections of the pilots' contract in
April, when they will address pay, work rules/quality of life
issues, retirement and insurance benefits. The parties have been
bargaining on non-economic issues since July 2007. The union is
seeking to finish negotiations by the contract's amendable date,
December 31, 2008.
Founded in 1931, ALPA is the world's largest pilot union
representing more than 60,000 pilots at 42 airlines in the U.S. and
Canada.
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