NEW YORK, NY – Low-wage airport workers and supporters from Boston, Philadelphia, Fort Lauderdale, Newark and New York City will rally Friday morning outside US Airways’ shareholders meeting to protest a business model that requires them to labor in a shadow economy with no job security, working for minimum wage, relying on tips and lacking basic benefits while the airlines’ top executives rake in millions of dollars.
US Airways’ shareholders are expected to cast the final vote to approve a $11 billion merger with American Airlines – effectively creating the world’s largest airline — but the airline still fails to address wage and working conditions for thousands of contracted security officers, cleaners and wheelchair attendants who struggle to get by. US Airways shareholders will also vote to approve a $86 million compensation package in 2012 compensation and merger-related contingency pay US Airways’ CEO and top executives, including a potential $19.8 million severance package for American Airlines CEO Tom Horton.
Last year, US Airways reported their highest annual profit in company history, which was on par for the industry, as the nation’s top airlines turned a profit last year. This is in stark contrast to the contracted service workers who earn as little as $4.77 an hour plus tips and with no health insurance, who can barely cover the basic needs of their families.