American Airlines pilots ratify new pay deal
American Airlines pilots have ratified a new four-year agreement with the airline.
The new contract delivers more than $9 billion of compensation and benefits to American’s 15,000 pilots.
It was secured through negotiations with the Allied Pilots Association (APA).
“Today is a really great day for our pilots and airline,” said American’s CEO Robert Isom.
“This agreement will help American immediately expand our pilot training capacity to support under-utilized aircraft.”
It gives pilots more opportunities to progress in their careers, the airline says.
We’re grateful for the company and APA negotiating teams who worked diligently to reach an agreement.”
The deal gives pilots an immediate pay raise of 21%.
American increased its offer last month after rival United offers its pilots more.
The agreement includes improvements in pilots scheduling and other benefits.
American warned investors of higher costs from the third quarter due to the bumper pay deal for pilots.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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