ALPA Update

Transcript

Rick Dominguez:What are your hopes for the future of the industry? Well, first of all, we'd like to make sure that this thesis is tested and that the next down cycle that airlines are able to maintain their profitability, perhaps at a lower level, but instead of going into the deep losses that they experienced in the past decade. So we look forward to working with management collaboratively to confront all the challenges, whether it be cross-border alliances, joint ventures, equity partnerships. And we have seen a new willingness by management, as evidenced just a few days ago, where American Airlines CEO provided unilaterally profit sharing to his employees, which we applaud. One of the key messages is that the US aviation industry is still quite divided on the issue of foreign ownership, where we as labour believe that we have very valid concerns on how foreign ownership would have to be structured for it to come to the United States. There are others that believe that foreign ownership should just go up— go forward without any consideration for labour, a notion we reject.

Copyright policy: All transcripts on this site are the copyright of CAPA - Centre for Aviation. Our reproduction policy is as follows: you may quote up to 400 words of any transcript on the condition that you attribute the transcript to CAPA - Centre for Aviation and link to the original video page. All other use is prohibited. While we aim for 100% accuracy in the transcript, there may be some minor transcribing errors.