AFAClouds.jpg

DEMAND

Mark.png

NO STOCK BUYBACKS

AFAAirplane.png

AIRLINES:
INVEST IN PEOPLE,
NOT WALL STREET

We call on the airlines to invest in the people on planes and all the workers who make them fly. It’s no time to start sending cash to Wall Street when the airlines can’t yet meet public demand or manage effectively through operational challenges. Many airline workers have had contract negotiations on hold for years - delaying raises and improving working conditions needed to keep skilled workers on the job and attract new applicants to fill staffing gaps. Add your name to tell airline CEOs to take the pledge now:

No Stock Buybacks Pledge

Airlines pledge to extend the COVID relief ban on stock buybacks. Not one dollar in stock buybacks until:

 

  • Operational meltdowns are not the norm and staffing and flights schedules are aligned to support public demand; and
     

  • Labor contract negotiations are concluded

FlightAttendants.jpg

INVEST IN PEOPLE,
NOT WALL STREET.

Now is not the time to start sending cash to Wall Street when the airlines can’t yet meet public demand or manage effectively through operational challenges. Airline workers have had contract negotiations on hold for years - delaying raises and improving working conditions needed to keep skilled workers on the job and attract new applicants. We call on all airline CEOs to take the No Stock Buybacks Pledge!

Airlines pledge to extend the COVID relief ban on stock buybacks until:

  • operational meltdowns are not the norm and staffing and flights schedules are aligned to support public demand; and

  • labor contract negotiations are concluded.

 

Stabilizing the industry must be CEOs #1 priority. Not $1 in stock buybacks until this is achieved.

From 2014 through 2019, United, Southwest, American and Delta rewarded Wall Street with more than $39 billion in stock buybacks. That’s money that should have been invested in improving passenger experiences, better staffing, and good jobs. When the pandemic struck, aviation unions secured a historic relief package, the Payroll Support Program (PSP), which provided the airlines with funding to maintain payroll and benefits, while temporarily banning stock buybacks and capping executive compensation. At the same time, frontline workers helped the U.S. aviation system weather the economic and public health storm.

We know Wall Street will demand airlines resume buybacks the minute this ban ends. But if CEOs don’t prioritize operations, the crisis in the industry will only deepen.

Airline CEOs can use resources to end operational meltdowns and restore stability, or they can feed Wall Street greed. Sign the demand that CEOs put the industry’s stability, their passengers, and aviation workers first. Greed doesn’t fly. No stock buybacks until the industry flies right!

WHY THE FLIGHT CANCELLATION CRISIS IS ABOUT TO GET WORSE

Airlines are set to spend billions on new stock buybacks — despite operational issues. Congress banned the practice in 2020 after U.S. airlines spent $47 billion on buybacks last decade. Now the ban is about to expire. 

ALPA PRESIDENT, CAPT. JOE DePETE, URGES CEOs TO INVEST IN WORKERS — NOT WALL STREET

"Before any idea about reinstituting stock buybacks, how about getting your operational needs taken care of first together and keep your promise to the American worker.”

JOIN US AND DEMAND 
NO STOCK BUYBACKS

Quote Strip.jpg
Mark.png

OUR
COALITION