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Air Local 512
Weekly Update
January 27, 2023
Dear Sisters and Brothers,
American Airlines reported fourth-quarter and full-year 2022 results on Thursday, January 26, 2023. It posted a net income of $803 million, a third consecutive quarterly profit. With a reported revenue of $13.2 billion, revenue of $49 billion, and an increase of 16.6% on 6.1% less capacity. The Company's debt reduction continues to be strong, with year-end total available liquidity of $12 billion. They reduced debt by $8 billion and a little more than half of the expected $15 billion of their goal.
The question is when will we receive profit sharing payment, if any? On May 19, 2022, the Company and the TWU/IAM Association drafted a letter defining the 2022-2023 profit-sharing year as the 12-month period begins on April 1, 2022, and ends on March 31, 2023. Therefore, profit Sharing award payments for the 2022 year will be made by June 30, 2023.
There are no changes to the 2023 profit-sharing calculations, and the 2023 year will continue to be defined as the 12 months beginning January 1, 2023, and ending on December 31, 2023. This is because the agreement was only in the 2022 year and will continue to be defined by our JCBA.
The Illinois Family Bereavement Leave Act (FBLA) provides eligible members who suffer the loss of a covered family member up to 10 working days block of unpaid leave. The following purpose of this leave is to attend the funeral, make arrangements, to grieve the death of a covered family member. The eligibility requirements are the same as you would apply under the Family Medical Leave Act. In addition, a member must have 12 months employed by the Company, have worked a minimum of 1,250 hours during the 12 months, and have not exhausted their FMLA leave entitlement at the time bereavement leave is requested. Further information can be found on our Union website or Jetnet.
In our monthly efficiency Meeting with AA VP Rich Ashlin, the Company will increase the summer flying schedule to 177 departures. With no changes to its international flying, it will stay the same as last summer. We discussed amending the H18 wing walking positions to avoid jet blasts, with the Company agreeing to the change. Tow Team training will begin at the end of April; eight new loaders have been ordered and are expected to arrive by July. The M13 access issue has been resolved. Additionally, the Company informed the Local of Air Wisconsin coming to the G-side, Spirit Airline's gate swap from L-side.
Safety Alert, we have been notified that the Company will make more observations of members who drive with no seat belts, walk over towbars, and cut between carts. Please follow all policies and procedures to avoid any issues.
In our weekly meeting, we discussed clarifying procedures when wireless push headsets lose connection with the aircraft. As follows: the push crew will stop the push with the loss of contact, will notify the CSM, in turn, will decide to replace the wireless with wired, and he will give the ok to continue. Do not deviate from this procedure; please contact us at the field office or hall if you have any questions.
In 2023, your TWU Local 512 is preparing for the following events: Easter Egg Hunt Count contest, Basketball tournament, bowling night, Taco truck for Cinco de Mayo, Union Picnic, Golf Outing, Car Show, retiree Luncheon, and lastly, Union Jacket giveaway.
Sincerely and fraternally,
Juan Elvira
President – TWU Local 512
Covid-19 Crisis Update Video with TWU International President John Samuelsen
City by city, industry by industry, TWU members are on the frontlines of the Covid-19 fight nationwide.Please watch today's video message from TWU International President John Samuelsen on our union's tireless efforts to support our members in this global crisis.
Please continue to communicate with the TWU International staff by emailing Health@twu.org with any concerns, requests, or updates from your local. We are here to support you in this crisis as you continue to keep America moving.
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TWU Local 512 is proud to announce the Local 512 app for your smartphone is available for download in the Apple store and the Google play store.
click the iTunes or Google Play logos below to download the app today!
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Scholarship-Application-2023.pdf
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