Airline Labor Dispute Resolution Act

Airline Labor Dispute Resolution Act - Amends Federal aviation law to grant the Secretary of Transportation authority to declare an air transportation emergency whenever he finds that a labor dispute between an air carrier providing service to a hub airport and an employee organization representing the carrier's employees threatens to: (1) interrupt the carriage of passengers or cargo in interstate transportation by an air carrier in any region of the country in a manner that is likely to curtail operations significantly at any hub airport and thereby cause injury to the region's economy; (2) interrupt the carriage of passengers or cargo in foreign transportation in a manner that is likely to cause injury to the foreign commerce of the United States or its balance of payments; or (3) compromise the national security or foreign policy interests of the United States. Requires the Secretary to issue an order of arbitration to resolve such disputes according to a specified procedure whenever an air transportation emergency is declared.