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

Target steps up investment in store staffing, cuts about 500 other roles to help fix customer experience
Business

Target steps up investment in store staffing, cuts about 500 other roles to help fix customer experience

Target said Monday that it’s stepping up store staffing, but eliminating about 500 jobs in distribution centers and regional offices as it tries to win back shoppers who have complained about sloppier shelves, out-of-stock items and longer checkout lines. In an internal employee memo obtained by CNBC, the big-box retailer said it’s making changes to […]

Read More
FDA says Novo Nordisk’s TV ad for obesity pill includes ‘false or misleading’ claims
Business

FDA says Novo Nordisk’s TV ad for obesity pill includes ‘false or misleading’ claims

Still life of the new Wegovy semaglutide tablets on a white background. Its a prescription medicine used with a reduced calorie diet and .and physical activity. Michael Siluk | Universal Images Group | Getty Images The Food and Drug Administration said Novo Nordisk‘s TV advertisement for its newly launched Wegovy pill for obesity included “false […]

Read More
Inside Wealth: Hamptons real estate prices hit record, with 2026 summer rentals going fast
Business

Inside Wealth: Hamptons real estate prices hit record, with 2026 summer rentals going fast

A nine-bedroom, 11,000-square-foot oceanfront home in Bridgehampton, available for rent at $700,000 for any two weeks this summer. Courtesy: Gary DePersia | Corcoran Median home prices in the Hamptons hit an all-time high in the fourth quarter, as Wall Street bonuses and tech wealth fueled a new wave of buyers in the New York beach […]

Read More