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Article: Union urges flight attendants for ATA Airlines to accept concessions.
- Article from:
- The Indianapolis Star (Indianapolis, IN)
- Article date:
- July 2, 2004
CopyrightCOPYRIGHT 2004 The Indianapolis Star. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Chris O'Malley
Jul. 2--As ATA Airlines grapples with a growing number of problems, a union has warned workers that the Indianapolis-based carrier is in "a critical financial situation" and urged members to accept $8.9 million in concessions.
The letter to flight attendants is the latest worrisome sign for ATA, which flies about one-fourth of all passengers in and out of Indianapolis International Airport.
In recent months, it has sought tens of millions of dollars in concessions from its unionized workers and has been draining its cash reserve to cover costs. With higher fuel prices and more competition, ATA's share price has dropped ...