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Air Canada T.AC

Alternate Symbol(s):  ACDVF

Air Canada is an airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States (U.S.) transborder market and the international market to and from Canada. It provides scheduled service directly to more than 180 airports in Canada, the United States and internationally on six continents. The Company’s Aeroplan program is Canada's premier travel loyalty program, where members can earn or redeem points on the airline partner network of 45 airlines, plus through a range of merchandise, hotel and car rental rewards. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using its passenger and freighter aircraft. Its Air Canada Vacations is a tour operator, which is engaged in developing, marketing, and distributing vacation travel packages in the outbound/inbound leisure travel market. Air Canada Rouge is Air Canada's leisure carrier.


TSX:AC - Post by User

Post by Tempo1on May 04, 2024 10:01am
147 Views
Post# 36023121

Negociation update

Negociation updateCopy of a discussion on Stocktwits by ACPilot. Very interesting.


Bi-weekly negotiations update:

36 articles
6 (+0) tentative agreements
4 (+0) close to agreements
17 (+0) in discussion
9 (+0) not yet addressed in mediation

Union says proposals have been based on survey data and industry comparators. The company’s responses do not meet our expectations. Progress has slowed due to the distance between the Union and the Company.


the stance of the union is this is a legacy airline not some whimpy ULCC or national airline like WestJet. As a legacy carrier that management frequently (in pen and paper) compares to Lufthansa, United, KLM/Air France, Americans Delta for performance metrics and compensation pilots are entitled to comparable Legacy pay with the 25% cdn dollar discount.

It's a weird situation even pre 9/11 former contract wages (inflation adjusted) were 50-100% increase to today's value! I believe their high point was Delta wages, AC countered at a 30% raise and they are supposed to meet in the middle but that's rumours. The real struggle is quality of life management appears to refuse to budge on any of those items
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