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

Nearly one-third of major U.S. housing markets now see falling home prices
Business

Nearly one-third of major U.S. housing markets now see falling home prices

A sign is posted in front of a home for sale in San Rafael, California, on Aug. 7, 2024. Justin Sullivan | Getty Images Overinflated home prices, high mortgage rates, rising supply and falling demand are all joining forces to cool the nation’s housing market. Annual home price growth in June was just 1.3%, down […]

Read More
Starbucks employees to return to the office four days a week — or take a payout
Business

Starbucks employees to return to the office four days a week — or take a payout

The Starbucks headquarters is seen at Starbucks Center on July 3, 2024 in Seattle, Washington. David Ryder | Getty Images Starbucks corporate employees will have to return to the office four days a week starting in October, the company announced on Monday. For workers who would prefer to leave the company instead of heading back […]

Read More
Tax cuts for private jet buyers expected to lead to surge in sales
Business

Tax cuts for private jet buyers expected to lead to surge in sales

Private jets parked at the Friedman Memorial Airport during the Allen & Company Sun Valley Conference on July 10, 2025 in Sun Valley, Idaho. Kevin Dietsch | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive […]

Read More