Mechanics' Dispatch

Mechanics' Dispatch

I have once again asked the Airline Divisions Senior Transportation Analyst, Kyle Schoembs, to review the first quarter earnings report posted by United Airlines on April 30th, and the first quarter 2020 earnings call which took place on May 1st. The following is what he concluded:

Mechanics' Dispatch

Mechanics' Dispatch

In these trying times I hope everyone is staying safe and remaining healthy. While we work through the stresses the pandemic is causing for our families and on the job, I wanted to take the time to write to address an issue that has arisen regarding the status of the Continental Airlines Retirement Plan (CARP). You may have been alerted to the recent distribution of several documents related to the funding and status of CARP contained in the Annual Funding Notice (AFN). United is required by law to issue this document and related materials each year to provide insight into the performance of your defined benefit retirement plan. The document itself contains a number of measures of the solvency and performance of CARP, but they can be more confusing than helpful due to the actuarial language and complexity of assumptions, accounting rules, and calculations. I thought it best to have the funding notice reviewed and analyzed by our Actuary and Economist trying to explain how best to understand the funding notice and how to evaluate the best option available to you during this time.

Mechanics' Dispatch

Mechanics' Dispatch

Yesterday, a federal court issued a judgment in the Beier vs. IBT litigation many of you may have heard about. We can say that all but one of the plaintiffs’ claims were dismissed by the judge. A single claim survived because at this phase the judge cannot make decisions based on evidence, and must assume that everything the plaintiffs claim is true, although this is certainly not the case.

Mechanics' Dispatch

Mechanics' Dispatch

I've asked for a report from the Airline Division’s Senior Transportation Analyst, Kyle Schoembs, on the financial situation at United Airlines given the dire outlook communicated by the company recently. The following is what he has concluded;

On April 20th, United Airlines (UAL) filed preliminary first quarter results with the SEC that showed a pre-tax net loss of $2.1 billion. On an adjusted basis, which strips out special onetime charges, UAL reports a loss of $1.0 billion. Total revenue for the quarter was $8.0 billion, a 17% decrease from first quarter 2019.

TAMC Newsletter -- COVID-19 Edition

TAMC Newsletter -- COVID-19 Edition

Brothers and Sisters, we are in an unprecedented time in our industry. As essential workers you are on the front lines of the coronavirus battle. Your dedication and professionalism will ensure that when the time comes to fly again our fleets will be ready to launch. In the meantime, please protect yourselves and your families by practicing social distancing, following CDC guidelines and your company’s COVID-19 response plan so that we can all get through this safely, together. Our thoughts are with you and your families. Be safe.

Aviation Labor Letter to U.S. Treasury Secretary on Payroll Grants

Aviation Labor Letter to U.S. Treasury Secretary on Payroll Grants

We write to inquire about your timeline for disbursing the payroll grants to aviation workers provided by the Coronavirus Aid, Relief, and Economic Security Act of 2020 (CARES Act). Although Congress stipulated that these payments should begin this past Monday, April 6th, it is our understanding that no payments have been made. We ask that the Treasury Department begin disbursing the payroll funds immediately to prevent the hundreds of thousands of layoffs that will result from further delay

Airline Division Week in Review -- April 10

Airline Division Week in Review -- April 10

We are surrounded by the uncertainties of current national and world events due to the COVID virus.

Because of the fast pace of changes currently in our industry; in many cases hour by hour, the normal publishing of The Week In Review has been placed on hold. We encourage you to remain in close contact with your individual Local, Shop Stewards and Committee representatives as we all navigate this crisis.



Joint Union Letter to the US Treasury Secretary on the CARES Act

Joint Union Letter to the US Treasury Secretary on the CARES Act

On behalf of nearly 400,000 airline and airport workers representing every frontline job classification in the industry, we are writing today to provide our views on the most effective use of your authority under the Coronavirus Aid, Relief, and Economic Security (CARES) Act (PL 116-136). This historic, pro-worker legislation will protect millions of jobs in our sector and across our entire economy. As you distribute grants, loans, loan guarantees, and other federal credit instruments, we believe your department should take the following steps to ensure that these funds are reaching working families as quickly as possible and preparing our economy for recovery after this pandemic ends.

March Business Agents' Report

March Business Agents' Report

The last few months have been historic in terms of the impact the COVID-19 Pandemic has had on all of our lives. Things have changed dramatically for all of us and we are all now living with a tremendous amount of fear and anxiety. We all have seen the modeling which predicts that things will get much worse before they get better. Therefore, it is extremely important that everyone take seriously the CDC guidelines being circulated in order to help slow the spread of this virus.

Letter from Airline Division to U.S. Treasury Secretary

Letter from Airline Division to U.S. Treasury Secretary

I am writing to you on behalf of the more than 85,000 Teamsters working in aviation. Earlier this week, the President noted in a tweet the efforts of Teamster-represented Atlas pilots, who are flying tons of medical supplies to the places that most need them. Last week, America’s aviation workers won a huge victory in the Coronavirus Aid, Relief, and Economic Security Act of 2020 (CARES Act) that should be the model for how we deal with the entire economic crisis caused by COVID-19. Under the provisions that the Teamsters and other unions fought to have included, the federal government will pay the wages, salaries, and benefits of more than two million airline and airport workers, most of whom were facing layoffs or furloughs due to the near total collapse of air travel in this country.

Treasury Guidance on Payroll Support to Aid Airline Industry Employees, And on Loans to the Airline Industry

Treasury Guidance on Payroll Support to Aid Airline Industry Employees, And on Loans to the Airline Industry

Subtitle B of the CARES Act- Grants

The Coronavirus Aid, Relief and Economic Security Act (Act) authorizes the Secretary

of the Treasury (Secretary) to issue grants to passenger air carriers, cargo air carriers,

and airport/airline contractors (e.g. catering, ramp, or cleaning companies) that must be

exclusively used for the “continuation of payment of employee wages, salaries and

benefits.”

Mechanics Dispatch - Special Update -- March 25, 2020

Mechanics Dispatch - Special Update -- March 25, 2020

Brothers and Sisters,

It was confirmed that Brother Carlos Consuegra from the IAM passed away yesterday from complications of COVID-19. Our deepest sympathies go out to his family and friends.

My recommendations to those that worked near him, or with anyone else that has tested positive, are as follows. If you had direct contact within the last 14 days, please self-quarantine.

Airline Division Special Update

Airline Division Special Update

Please review this revised message from Airline Division Director Capt. David Bourne -
To All Of My Fellow Teamster Members In The Airline Industry:

Our country is currently gripped by a pandemic the likes of which nobody has ever seen in our lifetimes, causing our entire society to be at a standstill. The crisis caused by the Coronavirus (COVID – 19) is one that promises to have a pronounced impact throughout all sectors of the economy, but particularly in the field of aviation. During this time most if not all of us in the industry are worried about what the future holds, so with that in mind I’d like to provide you with some information regarding what our union has been doing to ensure that our interests are protected in any legislation that is being or has been drafted to address the impact of COVID – 19:

UAL Mechanics Dispatch SPECIAL - March 20, 2020

UAL Mechanics Dispatch SPECIAL - March 20, 2020

Dear United Airlines Brothers and Sisters,

Recently an email from a mechanic in Newark was disseminated system wide that gave an inaccurate overall picture of what has been transpiring. This situation is changing rapidly. I want to be clear; the most accurate and concise updates will come in the form of the Mechanics Dispatch to all members.

Mechanics Dispatch -- March 19, 2020

Mechanics Dispatch -- March 19, 2020

During these difficult times the IBT and Aflac have been looking at ways to help our members. Aflac has agreed not to lapse coverage for any participant in the Teamster Supplemental Benefits program in the event they might find themselves in a furlough situation and are not able to make payments through payroll deduction. This will cover 60 days initially and will be reviewed by Aflac on a monthly basis thereafter.

Mechanics' Dispatch -- March 16, 2020

Mechanics' Dispatch -- March 16, 2020

Last evening, (March 15th) the company held a conference call with leaders of each union. The outlook has degraded considerably over the last couple of days and looks to continue to get worse for months to come.

The company laid out their plan for officer and management compensation and asked that we all share in helping the company through this unprecedented rough period. However, many of us have been through tough times in the airline industry