United Airlines pilots approve new contract with up to 40% raises

United Airlines pilots approve new contract with up to 40% raises


Boeing 787-10 Dreamliner, from United Airlines company, taking off from Barcelona airport, in Barcelona on 28th March 2023. 

JanValls | Nurphoto | Getty Images

United Airlines pilots approved a new contract with compensation increases of as much as 40.2% over the four-year contract, making the carrier the last of the three largest U.S. airlines to seal a deal with its aviators during an industry shortage.

The deal is worth about $10 billion, according to the Air Line Pilots Association, the pilots’ union. ALPA said on Friday that the new contract won 82% approval from the more than 97% of United pilots that voted on it.

Delta Air Lines and American Airlines pilots approved new contracts earlier this year, also with big raises. The Covid pandemic derailed negotiations across airlines but pilot and other labor unions in the industry have been pushing hard for increased compensation and better work rules since travel demand bounced back and inflation surged.

Other unions are also pushing for improved pay and benefits, calling for strikes or potential strikes when negotiations fall short of demands. The United Auto Workers union is planning expanding strikes against General Motors and Ford Motor to two U.S. assembly plants on Friday, UAW President Shawn Fain said.

Earlier this week, Hollywood writers and studios finalized the language of a deal that ended a nearly 150-day labor strike.



Source

Insurance firm Gallagher taps pro athletes for summer internships, preparing them for life off the field
Business

Insurance firm Gallagher taps pro athletes for summer internships, preparing them for life off the field

Insurance firm Gallagher is tapping into a new kind of summer intern: professional athletes. Last year, the insurance giant expanded its internship program to offer positions to pro athletes, giving them a pathway to prepare for life after sports. In return, Gallagher discovered the stars also tend to shine off the field. “They know what […]

Read More
AI is moving into the apartment market, taking over work orders, lease renewals, showings and more
Business

AI is moving into the apartment market, taking over work orders, lease renewals, showings and more

Angel Santana Garcia | Istock | Getty Images 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 public companies. Sign up to receive future […]

Read More
Summer travel isn’t as easy as it used to be for airlines
Business

Summer travel isn’t as easy as it used to be for airlines

People move through a crowded JFK International Airport days before the 4th of July holiday on July 02, 2024 in New York City. As the summer travel season takes off, millions of Americans and tourists are experiencing long delays and congestion at airports, train stations and on highways. July is the busiest month of travel […]

Read More