April 16 is management bonus day again. Last year it was April 18 and they awarded themselves between 175-230 million. That was all of 2006 profits paid out to management on April 18 2007.
They claimed it was in the management contract and could not be changed. They said it was executive compensation to keep the top talent form going to other companies.
This year April 16 is take the petty cash day again for manAAgment. It is based on stock performance against peer corp's. The payout could be 20-60 million. With the top 5 in management positions getting 2-3 million each.
April 16 is also first Q reports, most likely a big loss.
April 15 is APA National Action Day. I am off, I am going to wear my uniform. I do not know what will take place. I have an idea.
All our AA domiciles will be taking part.
Our pilot contract is ammenable May 1 2008.