American Airlines pilots’ union rejects new contract proposal

American Airlines pilots’ union rejects new contract proposal


American Airlines jet parked at LaGuardia International Airport in New York. 

Adam Jeffery | CNBC

American Airlines pilots’ union on Wednesday said its board of directors rejected a tentative agreement for a new contract, the latest in a series of setbacks in labor talks across major U.S. airlines.

The Allied Pilots Association, which represents roughly 15,000 American Airlines pilots, said its board voted against the tentative deal 15-5. The proposal called for 12% raises for pilots on the date of contract signing, plus 5% after one year, and 2% after two years, according to a copy of the agreement in principal.

American didn’t immediately comment.

The rejection comes a day after United Airlines pilots turned down a deal that would have included roughly 15% raises.

Labor unions are pushing for higher wages and better schedules, among other improvements, in new labor deals. The Covid-19 pandemic had put labor talks on hold as airlines focused on making it through a massive drop in travel demand.

“We cannot vote to approve a [tentative agreement] that does not adequately address the quality-of-life items of our line pilots,” union representatives based at American’s Dallas/Fort Worth International Airport hub said in a note to pilots before the vote. “The Company has returned a proposal that is not only subpar in these areas, but it also demonstrates a complete lack of understanding how important these issues are for you.”



Source

Free streaming service Tubi is rivaling major players for viewership. Here’s how it’s winning
Business

Free streaming service Tubi is rivaling major players for viewership. Here’s how it’s winning

Pavlo Gonchar | Lightrocket | Getty Images Tubi hit profitability this year doing what other streaming services are trying to: attract younger audiences who are willing to sit through ads. The Fox Corp.-owned free streaming platform has long been among a sort of second tier of streaming services alongside lower-budget and less popular offerings like […]

Read More
Tanger CEO says retailers are ‘discounting to meet the consumer’ this holiday season
Business

Tanger CEO says retailers are ‘discounting to meet the consumer’ this holiday season

U.S. shoppers are willing to spend this holiday season — despite falling consumer confidence and anxiety over prices — but only if the deals are there, Tanger CEO Stephen Yalof told CNBC on Tuesday. “Retailers are discounting to meet the consumer, and the consumer is responding by shopping,” Yalof said on CNBC’s “Money Movers.” Yalof said […]

Read More
Southwest’s profits are down 42% this year but it’s the top U.S. airline stock
Business

Southwest’s profits are down 42% this year but it’s the top U.S. airline stock

A Southwest Airlines Boeing 737 airplane arrives at Los Angeles International Airport from San Francisco on March 28, 2025 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images Southwest Airlines‘ profits fell 42% in the first nine months of the year compared with the same period in 2024. But its stock […]

Read More