American Airlines pilots’ union accepts sweetened labor offer

American Airlines pilots’ union accepts sweetened labor offer


American Airlines plane

Silas Stein | image alliance | Getty Photos

American Airlines pilots’ union mentioned Thursday that they agreed to a sweetened offer for a new labor deal, fewer than two weeks soon after a richer deal at rival United Airlines derailed voting at American.

The new preliminary arrangement involves spend matching with United, whose pilots are on monitor to get about 40% raises above four many years, and at Delta Air Lines, whose aviators approved their contract in March, as perfectly as other improvements. American CEO Robert Isom past week greater the firm’s provide by about $1 billion.

“We respect the Allied Pilots Association for its collaborative perform to reach an up to date agreement on a 4-yr contract for American’s pilots,” American mentioned in a statement. “It is a contract we are happy of and just one our pilots ought to have.”

American’s pilots would get started voting on the new offer in August.

The offer is the most recent in the transportation market the place personnel are looking for, and acquiring, bigger wages. A shortage of pilots has emboldened unions to look for bigger raises and other advancements soon after the pandemic stalled negotiations.

UPS and the Global Brotherhood of Teamsters earlier this 7 days struck a preliminary labor arrangement to raise pay out for much more than 300,000 workers, a offer that averted a massive strike that could have rippled all through the U.S. economic system. Staff will vote on that deal subsequent thirty day period.



Resource

Singapore’s F1 race boosts tourism to the island — and other parts of Asia-Pacific
Travel

Singapore’s F1 race boosts tourism to the island — and other parts of Asia-Pacific

From $62,000 hotel suites to race packages with six-figure price tags, the Singapore Grand Prix is a windfall for businesses near the Marina Bay track. But the money isn’t staying in Singapore. Data shows travelers are also spending across Asia before and after the three-day Formula One race, which begins Friday. Flight bookings analyzed by […]

Read More
Travel companies using AI could help them become big winners, says Evercore’s Mark Mahaney
Travel

Travel companies using AI could help them become big winners, says Evercore’s Mark Mahaney

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Mark Mahaney, Evercore ISI head of internet research, joins ‘Closing Bell’ to discuss the govt. shutdown’s impact on travel, which stocks is one of Evercore’s top picks and much more. Source

Read More
Tourism hit hard by government shutdown: Here’s what to know
Travel

Tourism hit hard by government shutdown: Here’s what to know

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Squawk on the Street CNBC’s Contessa Brewer joins ‘Squawk on the Street’ to discuss the impact of the government shutdown on the tourism industry. 03:27 an hour ago Contessa Brewer Source

Read More