Negotiations Update

April 28, 2013

 

The parties met in Phoenix this week aided by Senior Mediator Pat Sims and Mediator Michael Kelleher of the NMB. Comprehensive proposals were exchanged that included wages, benefits, retirement security and scope. 

After the initial proposals were made, subcommittees worked towards understanding the basis of the proposals. In addition the continued work of finalizing language continued.  

The beginning of the week found the parties far apart in their positions. Progress was made in subcommittee work through the week and it is expected that further comprehensive proposals will be made the week of the 29^th when the parties reconvene in Chicago.

Seniority Integration Update

The seniority integration committee met this week in Phoenix. The committee worked on the craft seniority list identifying ties between the three lists. Several discrepancies were found and the committee requested further information from the company. The committee will continue its work on the list in an effort to finish before the end of May.

SEC Filing

2012 Summary Compensation Table 

        The following table provides information regarding the Company's principal executive officer (Mr. Smisek), each person who served as principal financial officer during the year (Messrs. Rainey and Rowe) and the three other most highly compensated executive officers in 2012 (Messrs. McDonald, Compton and Bonds), determined in accordance with applicable SEC disclosure rules. The table provides information for 2012, 2011 and 2010 if the executive officer was included in the Company's Summary Compensation Table for those years. Effective April 15, 2012, Mr. Rowe resigned from the Company to join another company.

Name and Principal Position		Year(1)			Salary ($)			Bonus ($)			Stock Awards ($)(2)			Option Awards ($)			Non-Equity Incentive Plan Compensation ($)(3)			Change in Pension Value ($)(4)			All Other Compensation ($)(5)			Total ($)
CURRENT OFFICERS
Jeffery Smisek			2012			975,000			0			3,133,338			0			3,500,663			1,715,494			302,377			9,626,872
Chairman, President & Chief			2011			975,000			0			7,530,415			0			4,413,750			1,326,749			454,918			14,700,832
Executive Officer			2010			791,250	(1)		0			0			0			3,558,750			0			9,766			4,359,766
John Rainey			2012			656,458			0			401,012			0			988,719			59,904			209,182			2,315,275
Executive Vice President &
Chief Financial Officer
Peter McDonald			2012			850,000			0			563,345			0			1,413,578			0			341,692			3,168,615
Executive Vice President &			2011			850,000			0			2,183,496			0			2,295,000			0			290,400			5,618,896
Chief Operations Officer			2010			805,974			0			987,206			0			1,956,123			0			152,175			3,901,478
James Compton			2012			756,170			0			630,002			0			1,055,493			682,508			62,868			3,187,041
Vice Chairman &			2011			750,000			0			2,250,148			0			2,643,750			508,921			224,075			6,376,894
Chief Revenue Officer			2010			187,500			0			0			0			2,346,336			0			6,889			2,540,725
Michael Bonds			2012			528,600			0			387,560			0			1,212,031			192,527			64,313			2,385,031
Executive Vice President
Human Resources & Labor
Relations
FORMER OFFICER
Zane Rowe			2012			264,423			0			630,002			0			0			112,292			125,680			1,132,397
Former Executive Vice			2011			750,000			0			2,250,148			0			2,888,793			66,732			282,737			6,238,410
President & Chief Financial			2010			187,500			0			0			0			1,439,655			9,586			24,758			1,661,499
Officer