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

Business

In this article

Boeing 787-10 Dreamliner, from United Airlines, taking off from Barcelona Airport in Barcelona on March 28, 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-19 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 on 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.

Articles You May Like

Kalshi asks CFTC to allow margin trading on its platform, letting users buy with borrowed funds
Crypto platform Bitget suspects North Korea is responsible for $352 million hack
U.S.-China trade truce extended for two months, Bessent says, as Xi begins state visit
Cat owners are spending more and boosting pet retailers
Hyundai expected to outsell Ford in third quarter as Detroit automakers lack hybrids

Leave a Reply

Your email address will not be published. Required fields are marked *