American understands the importance of protecting and funding pension benefits for its flight attendants and will continue to work to provide the best-funded and most-rewarding flight attendant plans in the industry.
American's consistent approach to investing as well as its relentless focus on its pension commitment has allowed it to maintain defined benefit pension plans for roughly 130,600 participants, when nearly all of its other competitors have frozen or eliminated this benefit. Even as the company faced record fuel prices and was challenged by steep losses throughout 2008, American met its minimum funding requirement of $78 million for the year.
The company has contributed more than $2 billion to its pension plans since the start of 2002, underscoring AMR's commitment to employees and standing in stark contrast to U.S. network airline competitors that have terminated or frozen pensions in bankruptcy court. In fact, American and Continental are the only two major carriers that still have defined benefit plans for flight attendants.
Flight Attendant Defined Benefit Pension Plan
AA |
CO |
DL |
UA |
US |
NW |
B6 |
WN |
FL |
|---|---|---|---|---|---|---|---|---|
YeS |
yes |
FROZEN 2005 |
TERMINATED 2005 |
TERMINATED 2005 |
FROZEN 2006 |
NO plan |
NO plan |
NO plan |
