Threatened flight attendant strike could impact your next trip on American Airlines

The Street

TheStreet’s J.D. Durkin dives into the biggest stories of the morning, including American Airlines flight attendants threatening to strike, jobless claims and previewing Friday’s jobs report.

Transcript

00:00 I'm JD Durkin reporting from the New York Stock Exchange. Here's a look at what we are watching

00:04 on the street today. Wall Street is reacting to the weekly jobless report that came out earlier

00:08 this morning. 228,000 Americans filed for unemployment last week, marking the lowest

00:15 level we've seen in four weeks, suggesting that demand for workers is still healthy. And on

00:21 Friday, the monthly jobs report will come out. That'll tell us how many positions were added

00:25 across the U.S. economy in the month of August. Economists are largely expecting the economy to

00:30 have added 170,000 jobs this month, a slight slowdown from the previous month, but still

00:36 exactly what the Federal Reserve is hoping to see. The Fed tends to pay very close attention

00:41 to these jobs numbers when making their decision on whether or not to hike interest rates. And as

00:46 travel demand continues to skyrocket, American Airlines may find itself in a bit of a bind.

00:52 Flight attendants for American are threatening to strike if the company does not agree to quote

00:56 "reasonable" contract terms. According to the Association of Professional Flight Attendants,

01:02 more than 99 percent of Americans flight attendants voted in favor of authorizing the strike. The

01:08 AFPA covers more than 26,000 American Airlines flight attendants. Just last week, Pilots for

01:14 American Airlines approved a new contract that calls for $9.6 billion in pay and benefit increases

01:21 over the next four years. However, American is not the only major carrier feeling a bit of pressure.

01:27 Pilots for Southwest Airlines and flight attendants for United have pickets planned for Thursday,

01:32 as they also push for new contracts. That'll do it for your daily briefing.

01:36 From the floor of the New York Stock Exchange, I'm J.D. Durkin with The Street.

01:40 you

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