American Airlines gave in to pressure from employees and adopted a profit-sharing program, acknowledging the issue was thwarting efforts to improve labor relations and the carrier’s performance.
American joins the other large U.S. carriers — Delta, United Continental Holdings and Southwest Airlines — in splitting some earnings with employees. Starting this year, 5 percent of pretax income, excluding one-time items, will go into the profit-sharing fund, Chief Executive Officer Doug Parker and President Scott Kirby told workers in a message Wednesday. The first payout will be in early 2017.
