Wall Street PR

Flight Attendants Union of American Airlines Group Inc (NASDAQ:AAL) To Represent US Airways Attendants

Boston, MA 09/03/2014 (wallstreetpr) – According to reports published by a Federal agency, flight attendants of American Airlines Group Inc (NASDAQ:AAL) are all set to represent US Airways attendants. The combined group has around 24000 members.

Joint Labor Contract To Be Signed Soon:

As per the reports, total 8500 crew members from US Airways have decided to set their ways apart from Association of Flight Attendants union. They will leave the union as soon as a joint labor contract is signed between AAmerican Airlines Group Inc (NASDAQ:AAL) and the other two groups. The large union also stated that AFA contract will continue getting administration from Association of Flight attendants on behalf of the members of US Airways until the contract is signed. APFA will start to collect dues from all the new members in the month of October.

US Airways v/s AAL:

Both the airlines merged together in the month of December in order to support each other. The transaction was given partly support by many large unions at American Airlines Group Inc (NASDAQ:AAL). These unions were those parties that supported the airlines at the time of bankruptcy. AAL was not having a good time before the merger took place and therefore it was the only hope that the airline had to come out of court protection. It worked nicely for AAL and traffic increased by a great margin after the merger transaction.

Earlier AFA and APFA both entered into an agreement on representation according to which large unions would act as bargaining agents. With this agreement, they also decided several other protocols on bargaining. As per their agreement, they are all set to enter into a joint agreement with American Airlines Group Inc (NASDAQ:AAL) by the end of September 2014. Although if they fail to do so, then an arbitrator will be assigned to them to get things right on track in the near future time.

Published by Steve Hackney

Steve Hackney is a corporate finance professional with over 14 years of experience in cash management and investing. He earned a Bachelor of Science in Finance from Florida State University and holds a Certified Treasury Professional certification. Steve lives in Orlando, Florida with his family.