Friday, May 31, 2013

Aeroméxico Strike Looms


Unless a settlement is reached within the next few hours, Aeroméxico flight attendants will go on strike at midnight Friday, grounding the nation’s largest airline. The union points out that Aeroméxico reported 1.3 billion pesos in profits last year (figure 12 pesos to the dollar) and feels that the largess should be spread. Management replies that the company’s market share has dropped from 40 to about 35 percent as new, low-fare airlines become more competitive. The union, in turn, notes that Aeroméxico had only a 28 percent share of the market until financially troubled Mexicana stopped flying nearly three years ago. In the past, the government has taken over operations when a strike occurred, but officials insist that will not happen this year.
--
Jimm Budd
Reporting From Mexico City
Member of the Society of American Travel Writers

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