Newspapers / Piedmont Aviation Employee Newsletter / April 1, 1987, edition 1 / Page 3
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up for discussion Have a question about Piedmont? A new column, “up for discussion,” gives you an opportunity to ask questions about your company. All questions must be signed and include your name, title, and location. Your name will be withheld from publication and will not be revealed when your ques tion is sent to the proper department for an answer. Unsigned questions will be automatically discarded. When related questions are received, they will be consolidated and answered as one question. As many questions and answers as space allows will appear each month in “up for discussion.” Send your questions to Piedmonitor Editor, H440, or One Piedmont Plaza, Winston-Salem, NC 27156-1000. Q, Piedmont has been able to increase marketshare, revenue passenger miles, and profit nearly every year since deregu lation. We have survived deregulation, the air traffic controllers’ strike, the fuel crises, and competition. Why is selling the airline in the best interest of the shareholders? tarn found and supported a manage ment team that, also in turn, recruited good, warnj. service-oriented employees. Howard Mackinnon senior vice president-tlnaiice Q. A, The going price for Piedmont stock before any merger plans became public was a maximum of about $49 per share. The merger was consummated at $69 per share. Clearly accepting this offer was very much in the interests of many shareholders. Piedmont's shareholders were rewarded because the board of directors, elected by our shareholders, in Are any Piedmont employees mem bers of The Society for the Preservation and Encouragement of Barbershop Quar tet Singing in America. Inc.? A, Contact John Whalen, senior sta tion agent. MCO-OO, if you are a mem ber of this group. He, along with Henson employee Stuart Busch. PHF. are forn\ing a barbershop chorus and/or quartet. Uniforms among the best Piedmont Airlines recently received an Honorable Mention award from the National Association of Uniform Manufacturers and Distributors (NAUMD) for its new passenger service uniforms. The 1987 Image of the Year Awards Pro gram was sponsored by the Career Apparel Institute, a division of NAUMD, lo honor companies or organizations from different business sectors which have implemented a program of business attire to enhance their image as well as serve a specilic iunction. Businesses in four categories were eligible to enter: food/hotel, financial/business/sales, service/industrial, and transportation. Awards were presented to selected compa nies whose uniform selections were func tional, well-coordinated, original, and attractive. In presenting the award, Bernard J . Lep- per, executive director ol the NAUMD, said: “A study commissioned by the Association under a grant from the U.S. Department of Commerce further indicates the I’avorable impact that a uniformed corporate appear ance has on both employee morale and pro ductivity. In addition, the public has come to recognize a businesslike corporate appear ance as a symbol of professionalism." 1987 Image of the Year winners include Mary Kay Cosmetics, Inc.. Red Lion Inns, Unicare Health Facilities, and National Car Rental System, Inc. Steven Carter (right) serves a first- class meal to Instructor Joyce Snyder during a recent training program for new flight attendants. In this session these new flight attendants are being in structed in the seven levels of service Piedmont will offer on the 737 and 727- 200 beginning June 15. Csirter, who will be based in MIA, is one of 600 flight at tendants Piedmont is hiring in the sec ond quarter of this year. around ^edmon Our Heel, as of April 15, includes I65aircrall. Wc now have 62 737-200s. 24 737-300s. 25 F28-4000s. 20 F28- 1000s, and 34 727-200s. 'l\vo 737-300sandonc 767-200 are scheduled for delivery in May. « * « Brockway, a member of the Piedmont Commuter Sys tem. has placed orders lor live Saab 340s with o|)tions for live more. The first will be delivered in May. two in Jiuic, one in October, and one in December. The aircralt will re place Brockway s five F27s. The airline also has 13 Beech 1900s. * * * Piedmont stock (PIE on tlie New York Slock Exchange) closed March 3 at 70 1/8, an all-time record high. On March 31. the last trading day of the month, our stock closed at 68 1/8. Our slock closed on March 31, 1986, at 41 1/2. USAir stock (USAirG on the New York Stock Ex change) closed at 42 1/8 on March 31. On the same day a year earlier, USAir's slock closed at 36. New tax laws have made changes in how you will be taxed when withdrawing money Irom your Supplemen tal Retirement Plan. If you make a withdrawal from your IRA (Individual Retirement Account) and do not put the money into an other IRA within 60 days or if you make a withdrawal be fore you reach the age ol 59'/2, you will be subject lo a 10 percent penalty for early withdrawal on both the prin cipal and interest in addition lo the normal tax. If you withdraw from yoi\r voluntary supplemental savings account betbre you turn 59‘/2 years old. you will also be subject to a 10 percent excise penalty lor early withdrawal in addition to the normal tax on yoiu' interest only which becomes reportable income. When you make a withdrawal from your IRA account, your money will be distributed lo you in the following order: voluntary interest, voluntary principle, IRA inter est, IRA principle. If you have any questions, contact the pension ad ministration oflice at extension 8492 in Winston-Salem. * ♦ ♦ March was a record month for reservations. Our six res ervations centers answered 2,972,056 calls during (he month. TWo new city ticket offices have recently opened in the Orlando area. Agents l>orene Macemoreand Mary Feighl- ner (left) work at the new CTO at the Radisson Plaza Hotel (60 South Ivanhoe Blvd., Orlando). Jeff Melang and Lourdes Grabinski (right) staff the CIX) located in the Altamonte Springs Hilton and Towers (350 South North Lake Blvd., Altamonte Springs). * USAir set a new single-month rccord for RPMs and boarded over two million passengers for the third time in its history during March. RPMs totaled 1.1 billion, up 17.2 percent over March 1986, ASMsgrew 10.8 percent to 1.7 billion, and the load factor was up 3.6 points to 66.5 percent. 'I he airline boarded 2,082,953 passengers, a 17.6 percent increase over the same month a year ago. During the first three months, USAir offered 4.7 billion ASMs, up 10 percent over the first quarter of 1986; RPMs totaled 2,9 billion, up 18 percent; and the load factor rose 4.1 points to 61.5 percent. The airline carried 5,417,874 passengers, a 15.9 percent increase over the first quarter of 1986. ♦ ♦ * PSA will handle us completely when wc begin service to Seattle (SEA) on May 15. Dale Wagoner, customer ser vice manager-DEN, is coordinating our new service and will be at SEA until May 31. April 1987 • Piedmonitor
Piedmont Aviation Employee Newsletter
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April 1, 1987, edition 1
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