Last month, American Airlines Group Inc., based in Fort Worth, Texas, reported an all-time best $942 million profit in the June-through-September quarter, nearly double the amount that American and US Airways earned separately last year. CEO Doug Parker predicted more records for the fourth-quarter.
Other carriers including United, Southwest and Delta shared profits last year, with Atlanta-based Delta paying out $506 million to employees based on its 2013 profits. American Airlines said in a statement that it was "disappointed" by the vote.
The company said the proposed contract "would have provided considerably more economic value and much better work rules than the contract that will be determined by arbitration." The first arbitration meeting is scheduled for Dec. 3, the union said.