On September 19th, Airline Division “Below the Wing” Director Bob Fisher travelled to New York to provide a status update on the United Airline mechanics contract negotiations and the broader state of the industry with stock analysts at six of Wall Street’s largest banks and brokerage firms.
One key industry issue discussed with the analysts is the widespread and worsening shortage of airline technicians within the industry, and how this staffing issue could impact future growth for United Airlines and the industry at large. Analysts expressed surprise at the scale and scope of this issue, and mentioned most have never discussed the mechanics shortage issue before with either the airlines or unions representing airline mechanics.
Fisher explained that while the sector may see a short-term reprieve due to Boeing production issues, the demand for technicians will only increase in the months ahead. Fisher further clarified that the best way for United to attract and retain is to finalize an industry leading agreement that allows the carrier to select the best available technician talent.
“These careers are demanding and require a highly skilled and professional group of talent to keep the airline running,” Fisher added. “Finalizing this deal is paramount to ensuring the continued success of United Airlines."
Negotiations with United continue this week in Chicago. To keep informed and engaged, download the Teamsters Airline Division App at http://ibt.io/AirlineDivisionApp.