No Bonus for American Airlines exec

Gerard Arpey, the chairman and chief executive officer of American Airlines mad $518,837 last year, with no bonus. American Airlines said that Arpey voluntarily declined a pay increase. Beginning May 1, Arpey, other American Airline execs and non-union employees will get a 1.5 percent salary increase.

This is the latest example of top airline executives not enjoying the high salaries and major bonuses that they once had. The entire airline industry has suffered greatly since 9/11, and continue to do so. We are currently in the midst of the worst ever financial downturn in airline history. This latest example shows that not only the regular workers are feeling the effects, but the top level management as well.