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“Many who remain feel trapped because all their work experience is in the airline industry, they feel they are too old to start over and, with their pensions reduced, they can't afford to retire.”
-- MSNBC, July 3, 2007
“The airline industry turned a profit of more than $2 billion last year, after losing $35 billion and slashing 170,000 jobs in the previous five, and experts think it will bank even more money in 2007.”
-- Beaver County Times Allegheny Times, February 17, 2007
“In 2002 the five strongest legacy carriers had costs of $95,500 per employee. Southwest had costs of $59,100…No legacy airline can compete with another that has dumped its pension burdens in the government’s lap.”
-- Columnist George Will, The Bankruptcy, Februrary 2007
“The federal Pension Benefit Guaranty Corp. has become the trustee for the pension plan of Delta Air Lines pilots, whose account shortfall of about $3 billion makes it the sixth-largest claim in the PBGC's history.”
-- MarketWatch, Jan. 5, 2007
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Northwest files lawsuit on pilot pensions
UAL approves shareholder payout
Unions blast United Airlines debt plan
AMR spinoff of American Eagle under fire
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- So you work for an airline...
- How are airline pensions structured?
- Will your retirement be a smooth landing?
- Pension under-funding means rough weather ahead
- Where do I go to find out about my pension?
- Contact info for airline companies
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