Re: Industry Reset
Dear Brothers and Sisters,
Questions have begun to arise regarding the upcoming reset slated to go into effect on December 5th of this year. The questions are centered around when the measurement period begins specifically in regard to the Definitions provision 1.d. According to the provision the first measurement period began six months prior to December of 2018. All subsequent measurements must be completed prior to December 5th of the appropriate year in order that any increases can be processed in a timely manner to ensure compliance with the LOA. Even though this process could be started later this year, we’ve asked Economist Dan Akins to begin reviewing the increases at both Delta and American Airlines. After the parties meet later this year to apply the provisions of the LOA, we will report the results. Given what has transpired in the industry this year, we believe the reset will provide an adjustment again. Hopefully that clears up any confusion.
In solidarity,
Vinny Graziano
Airline Division
International Brotherhood of Teamsters