Results of Bankruptcy on Air Line Pilots Association, Int’L Airline Bankruptcies
Total Page：16
File Type：pdf, Size：1020Kb
Results of Bankruptcy on Air Line Pilots Association, Int’l Airline Bankruptcies 50 Air Carriers filed for bankruptcy between 2000 - 2010 16 Airline Bankruptcies Ceased Ops 14 12 10 8 6 4 2 ‐ 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 29 Air Carriers ceased operations between 2000 - 2010 Source: Air Transport Association, DOT and ALPA E&FA May 2010 Economic & Financial Analysis 2 Airlines That Have Declared Bankruptcy or Ceased Operations Since 2000 Airline Name Filed Airline Name Filed Airline Name Filed Tower Air 2/29/2000 Hawaiian 3/21/2003 Gemini Air Cargo 3/15/2006 Kitty Hawk Aircargo 5/1/2000 Great Plains Airlines 1/23/2004 Traveland 3/1/2007 Pro Air 9/19/2000 Atlas Air/Polar Air Cargo 1/30/2004 Kitty Hawk Aircargo 10/15/2007 Fine Air Services 9/27/2000 Piedmont 9/12/2004 MAXjet Airways 12/24/2007 Legend Airlines 12/3/2000 PSA 9/12/2004 Big Sky 1/7/2008 Reeve Aleutian Airways 12/5/2000 US Airways 9/12/2004 Skyway 1/16/2008 National Airlines 12/6/2000 American Trans Air 10/26/2004 Aloha Airlines 3/31/2008 Allegiant Air 12/13/2000 Pan American Airways/Boston‐Maine 11/1/2004 Champion 3/31/2008 Trans World Express 1/10/2001 Southeast Airlines 12/1/2004 American Trans Air 4/2/2008 TWA 1/10/2001 Aloha Airlines 12/31/2004 Skybus Airlines 4/7/2008 Midway 8/14/2001 Westward Airways 7/1/2005 Frontier Airlines 4/11/2008 Midway Commuter 8/14/2001 Delta Air Lines 9/27/2005 Eos Airlines 4/26/2008 Emery Worldwide 12/5/2001 Comair 9/27/2005 Gemini Air Cargo 6/18/2008 Sun Country 1/2/2002 Northwest Airlines 9/27/2005 Air Midwest (Mesa Air Group) 6/30/2008 CCAir 7/1/2002 TransMeridian Airlines 9/29/2005 Vintage Props & Jets 7/18/2008 Vanguard Airlines 7/30/2002 Mesaba 10/13/2005 Zoom Airlines 9/3/2008 Piedmont 8/11/2002 FLYi Independence Air 11/7/2005 Sun Country 10/6/2008 PSA 8/11/2002 Era Aviation 12/28/2005 Primaris Airlines 10/15/2008 US Airways 8/11/2002 Florida Coast Airlines 2/21/2006 Mesa Air Group 1/5/2010 United Airlines 12/9/2002 Shaded carriers filed twice during 2000-2010 Source: Air Transport Association, DOT and ALPA E&FA May 2010 Economic & Financial Analysis 3 Pilot Concessions 2003-2011 Pilots conceded nearly $30 billion to airlines between 2002 and 2011, not including lost retirement benefits of nearly $5.5 billion. $6,000 $5,000 $4,000 $3,000 Millions $2,000 $1,000 $0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Source: Company press releases, ALPA E&FA. Includes amounts for ALK, AMR, CAL, DAL, NWA, UAL, US Air, Aloha, ATA, Comair, HAL, Mesaba May 2010 Economic & Financial Analysis 4 Other Labor Concessions 2003-2011 Other labor groups conceded nearly $47 billion to airlines between 2002 and 2011. $9,000 $8,000 $7,000 $6,000 $5,000 $4,000 Millions $3,000 $2,000 $1,000 $0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Source: Company press releases, ALPA E&FA. Includes amounts for ALK, AMR, CAL, DAL, NWA, UAL, US Air. May 2010 Economic & Financial Analysis 5 Pilot Contract Hourly Pay Rate Cuts 2001-2007 UAL DAL US Air NWA AMR ALK CAL 0% ‐5% ‐10% ‐15% ‐20% ‐25% ‐30% ‐35% ‐40% ‐45% Source: Company press releases, ALPA E&FA. Includes amounts for ALK, AMR, CAL, DAL, NWA, UAL, US Air, May 2010 Economic & Financial Analysis 6 Employment Drastically Reduced At Airlines 700 650 600 550 Thousands 500 450 400 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Source: BTS Number of Airline Employees, January of each year shown May 2010 Economic & Financial Analysis 7 Overall Fewer Pilots at Major Airlines 55 50 Thousands in 45 CoPilots and 40 Pilots of # 35 2000 2001 2002 2003 2004 2005 2006 2007 2008 Source: BTS P10 Data for AMR, ALK, ATA, CAL, DAL, NWA, SWA, UAL, US Airways. 2009 data unavailable until July 2010. May 2010 Economic & Financial Analysis 8 Pilot Numbers At Carriers that Have Filed Bankruptcy 40 38 35 Thousands in 33 30 CoPilots 28 and 25 Pilots of 23 # 20 2000 2001 2002 2003 2004 2005 2006 2007 2008 Source: BTS P10 Data for airlines that filed bankruptcy during 2000‐2010. Data for 2009 unavailable until July 2010. May 2010 Economic & Financial Analysis 9 Total Pilot Salaries At Carriers that HAVE Filed Bankruptcy 6,000 5,000 4,000 3,000 Millions 2,000 1,000 ‐ 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Source: BTS P52 Data for carriers that have filed bankruptcy May 2010 Economic & Financial Analysis 10 Notes and Sources y Data on concessions from press releases and ALPA E&FA estimates y Data on employment from BTS y Pilot employment numbers from BTS, Schedule P10 y Pilot salary information from BTS, Schedule P52. Not all carriers are required to file P52. Of those carriers that filed, the data was segregated if the carrier had filed bankruptcy during the 2000-2010 time period. y General Management salary information taken from BTS, Schedule P6. As with the P52 schedule, not all carriers are required to file. y P6 data is not collected by aircraft as the P52 data is collected. May 2010 Economic & Financial Analysis 11.