Tom Horton to American Airlines employees: You can look forward ...

AMR and American Airlines chairman, president and chief executive Tom Horton sent this letter out to employees after the company filed its monthly operating report for August 2013:

A?Message from Tom

Dear American Team:

Tom Horton (PHOTO: Louis DeLuca/DMN)

?

This continuing string of record-setting results is testament to the hard work of the entire American team. So I?m especially pleased to report that the August results included an additional $50 million set aside for an expected profit sharing payout for 2013. As you probably know, our current labor agreements include profit sharing for eligible employees and we have similar profit sharing plans in place for our agents, representatives, planners, support staff and some management employees. While the year isn?t over, and profit sharing is based on full-year results, I?m optimistic that in March 2014 we?ll be able to make profit sharing payments for the first time in many years.

We are building a strong, competitive and profitable new American which will create more opportunity for our people. In fact, later today we?ll share details of our plans to hire 1,500 new pilots over the next five years. We have offered recall to all of our furloughed pilots and will begin the new recruiting later this fall. This is in addition to the hiring and training underway for 1,500 new flight attendants, and the more than 1,200 agents and representatives who have joined our team this year.

We are making good progress on the merger front, as we continue to prepare a strong case for the trial in November and remain open to discussions with the Justice Department regarding a settlement on appropriate terms. I will keep you updated on the merger as we go. In the meantime, congratulations and thanks for another great month. Let?s keep the focus on our customers and keep the momentum building.

Thanks for all you do!

Tom

Source: http://aviationblog.dallasnews.com/2013/09/tom-horton-to-american-airlines-employees-you-can-look-forward-to-profit-sharing-probably.html/

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