The Turkey Week edition of PlaneBusiness Banter is now posted!
This week we get you up to speed on all the latest machinations in the airline industry, although it has been a pretty slow week. Something to do with that holiday on Thursday.
On the labor front, while originally the airline had said it was going to proffer arbitration last Friday, as of this writing the pilots and American Airlines are apparently still talking — no arbitration yet. Sounds like negotiations will continue next week.
Over at Southwest Airlines, the pilots asked the NMB for help with their negotiations last week. If I am not mistaken, this is the first time the pilot group has asked for help from the NMB.
In our column this week we talk about profit sharing. Why employees like it, why they understand it, and why we think that American’s stance against profit sharing is a mistake.
On the corporate travel front, we have the results from the latest Morgan Stanley Corporate Travel Survey. I’ll give you a hint. Delta Air Lines did very well.
On the stock front, shares of Virgin America once again led the group last week. All in all it was a rather so-so week for the sector.
On the exec front, Wal-Mart announced this week that former American CEO Tom Horton is a new member of its BOD; while John Tague, former President of United Airlines, is the new CEO at Hertz.
Frontier announced an order for bigger aircraft last week, Norwegian is back on the offensive, and the TWU, which represents the baggage handlers at Southwest Airlines, are making noise.
All this and much, much, more in this week’s Turkey Week edition of PlaneBusiness Banter.