UAL Payout Short Changes Shareholders

Best Shareholder Initiative Repays Employee Sacrifices, Strengthens


Dec 07, 2007, 00:00 ET from Association of Flight Attendants

    CHICAGO, Dec. 7 /PRNewswire-USNewswire/ -- The Association of Flight
 Attendants-CWA, AFL-CIO (AFA-CWA), today blasted the decision of UAL
 executives, which was also approved by the UAL Board of Directors, to give
 a special payout to shareholders. The Union said this move undercuts the
 value of United Airlines by favoring short-term shareholder returns over a
 strong, motivated workforce, an improved customer experience and the
 long-term health of the airline.
     "The executives at United Airlines are nothing more than charlatans,
 sweetening the pot to flip our airline like an unscrupulous real estate
 agent," said Greg Davidowitch, AFA President at United in a letter to
 flight attendants. "This shareholder "initiative" is nothing more than an
 executive induced plan to enrich themselves at the expense of the working
 women and men of United Airlines. The best shareholder initiative would be
 one that invests in the employees for the long-term success of the
     "Flight Attendants and other workers know that any time an employee or
 shareholder gets a supposed return on United's success, executives are
 getting an even bigger return on top of their renegotiated compensation
 packages," stated Davidowitch. "Workers are fed up. They are fed up with
 these executives initiating class warfare instead of making good decisions
 for our airline."
     The letter to the flight attendant members of the AFA-CWA is posted at
     More than 55,000 flight attendants, including the 17,000 flight
 attendants at United, join together to form AFA, the world's largest flight
 attendant union. AFA is part of the 700,000 member strong Communications
 Workers of America, AFL-CIO. Visit us at

SOURCE Association of Flight Attendants