Retirees of American Airlines sent multiple letters to the U.S. Bankruptcy Court – Southern District of New York citing their concerns for AMR Corp.’s new pension plans.
All letters had the same wording, and were written to Judge Sean Lane stating concerns of the pension plans of AMR Corp since filing for bankruptcy. The court had five on the docket and expect to see more in the future.
The letters stated,
“As a retiree of American Airlines, I earned my pension over the course of a XX year career, and I have counted on its financial security for my ‘Golden Years.’ If AMR is allowed to do away with the Pension Fund, there will be several more thousands of citizens depending on the U.S. Government for money it doesn’t have. Our Government is already operating under trillions of dollars of debt. This debt is adversely affecting our economy, and will be for decades to come.
AMR Executives should surrender some of their excessive pay, bonuses, and ‘golden parachutes’ in order to improve AMR’s financial future. The ‘workers’ have sacrificed many times during the Company’s history. It is time ‘someone else’ does the sacrificing. American Airlines would not have been as successful were it not for the devotion and sacrifice of its workers.”



