Friday, September 23, 2011

American Airlines pilots spent $71K on 2Q lobbying

WASHINGTON -- The union representing American Airlines pilots spent $71,000 to lobby federal officials in the second quarter on issues including pensions and bankruptcy.

The Allied Pilots Association listed its lobbying activities in a July 19 filing with the clerk of the House of Representatives.

The union has long shown an interest in pension and bankruptcy issues. American Airlines ( AMR - news - people )' parent, Fort Worth, Texas-based AMR Corp., has lost more than $4 billion since the start of 2008, and analysts expect it will keep losing money through 2012. The company nearly filed for bankruptcy protection in 2003.

Recently, an unusually high number of American Airlines pilots have retired - more than 100 last month - to avoid being hurt by falling stock prices. A feature in their retirement plans lets them lock in prices of stocks in their portfolios retroactively for up to 90 days when they retire.

The pilots' union also lobbied on air-transportation legislation, security issues and antitrust immunity.

The union said it lobbied the House, the Senate, the Transportation and State departments, and the Federal Aviation Administration.

The group spent $100,000 on lobbying in last year's second quarter and $70,000 in the first quarter of 2011.

No comments:

Post a Comment