American Airlines pilots approve sweetened labor deal with big raises

American Airlines pilots approve sweetened labor deal with big raises


An American Airlines plane takes off from the Miami International Airport on May 02, 2023 in Miami, Florida. 

Joe Raedle | Getty Images

American Airlines pilots approved a sweetened labor deal, making the carrier the second major U.S. airline to seal a new contract with its highest-paid work group.

The more than 15,000 pilots at American will get immediate raises of 21% with compensation rising more than 46% over the duration of the four-year contract, including 401k contributions, their union said Monday.

An earlier deal between American and the union fell apart after rival United Airlines and that carrier’s union reached a richer, preliminary deal. But American increased its offer last month.

American’s pilots voted more than 72% in favor of the new contract, and there was a 95% turnout, according to the Allied Pilots Association.

“This agreement will help American immediately expand our pilot training capacity to support under-utilized aircraft and future flying and provide our pilots with more opportunities to progress in their careers,” American’s CEO Robert Isom said in a statement.

Delta Air Lines pilots ratified a new agreement earlier this year.



Source

GM says EVs are its ‘North Star’ as legacy automaker chases Tesla
Business

GM says EVs are its ‘North Star’ as legacy automaker chases Tesla

The Chevrolet display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC While Tesla remains the No. 1 electric vehicle manufacturer in the U.S. by a wide margin, General Motors said on Tuesday it has secured the No. 2 position and believes it has an “inherent advantage” […]

Read More
How companies are using body heat sensors to make offices more efficient and hospitable
Business

How companies are using body heat sensors to make offices more efficient and hospitable

Butlr heat sensing tech provides insights into office space utilization. Courtesy of Butlr A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large […]

Read More
Shares of department store Kohl’s surge 30% in wild trading
Business

Shares of department store Kohl’s surge 30% in wild trading

A Kohl’s store in Pleasant Hill, California, US, on Monday, Nov. 25, 2024. Kohl’s Corp. is expected to release earnings figures on November 26. Bloomberg | Bloomberg | Getty Images Shares of Kohl’s surged on Tuesday morning in volatile trading that echoed the meme stock rallies of recent years. The legacy department store’s stock more […]

Read More