Friday, June
17, 2005
Delegates from the
Continental 2339 Locals
including members from Continental, Continental Micronesia
and ExpressJet, attended the IAM Transportation Conference
in New York City this week. The conference is held by the
Transportation Department of the IAM and includes delegates
from Local Lodges servicing transportation workers including
airline and railroad members. The focus of this year’s
conference was organizing and the eroding of pension
benefits at represented carriers. A commitment was made to
work to replace failed single employer pension plans with
the IAM sponsored National Pension Plan, a multi employer
plan. Additionally, a committee was formed to organize a
March on Washington in 2007 involving 100,000 workers to
draw support for American workers. Local and National
politicians as well as representatives from the Legal
Department and the Executive Council attended and spoke at
the conference which highlighted the dismal record the
administration has regarding worker rights and interests in
this country. More information on the conference can be
found at
www.goiam.org.
A federal
bankruptcy court denied a motion by United Airlines
flight
attendants that would have preserved their pension plan. The
union said it will appeal the ruling. United said it hopes
to work with the union to craft a replacement for the
terminated plan.
Northwest raised business
fares last week by $50 one way.
Continental, United and US Airways matched the fare
increase, but American and Delta did not. Northwest,
Continental and the other airlines reduced fares to their
previous levels on Sunday to remain competitive.
Continental will double
the number of first class seats
on its Boeing 757-300 aircraft in response to a high demand
for first class service. Continental is expanding the Boeing
757-300 fleet from nine to seventeen aircraft.
Continental’s 757-300s are currently equipped with 12 first
class and 210 coach class seats. With the seat
reconfiguration, the aircraft will have 24 seats in first
class and 192 in coach. The first of the reconfigured
aircraft is scheduled to be completed this summer, with the
remainder to be completed by early 2006.
The Wall Street Journal
reported Monday
that Northwest Airlines
could file for Chapter 11 bankruptcy by the end of 2005.
The story said that Northwest, like other legacy carriers,
is being hurt by weak pricing, high fuel prices and the
rapid growth of discount airlines. In another story, The
Detroit Free Press reported Monday that Northwest will
begin charging employees, retirees and dependents $50 per
person to participate in its pass travel program. The
airline will cap the annual pass travel fee at $200 per
family.
Crude oil hit a record
$58.60 per barrel
Friday during trade on
the New York Mercantile Exchange and settled at an all-time
high of $58.47, $1.20 above the previous record of $57.27.
Nymex oil futures are more than 50 percent higher than at
this time last year. Continental’s jet fuel costs also have
increased more than $2 per barrel since Monday, ending the
week at $68.46 per barrel.
The business
meeting has
been changed to June 21 and the Guam business meeting
has been changed to June 22 so that delegates may attend the
IAM Transportation Conference being held the week of June
13, 2005 in New York City. The change in has
resulted in a change of location for the month of June
also. The meeting will be held at the Airport
Hilton.
We would like to
encourage all members to attend your Local Lodge business
meeting.
Each base must have a quorum to conduct business. The
following is a schedule for upcoming meetings:
Cleveland:
Thursday, July 14, 4:00 pm at 669 North Rocky River Drive;
Guam:
Wednesday, June 22, 4:00 p.m. at the Airport Conference
Room;
Houston: Wednesday, June 22, 1:00 p.m. at 15710 JFK
Blvd;
:
Tuesday, June 21, 3:00 p.m. at the Airport Hilton
Hotel.