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An American Airways airplane takes off from the Miami Worldwide Airport on Might 02, 2023 in Miami, Florida.
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American Airways raised its supply for a brand new pilot contract by greater than $1 billion to match a preliminary deal final week between rival United Airways and that provider’s aviators.
The brand new supply from American Airways would convey the four-year supply’s worth to round $9 billion, and match United pay charges, backpay and different advantages reminiscent of sick time and life insurance coverage, CEO Robert Isom stated in a message to pilots on Friday.
Airways and pilot unions had been negotiating new offers for years. Unions have received extra bargaining energy within the wake of Covid because the business grapples with a chronic pilot scarcity simply as journey demand recovered. Delta Air Traces pilots permitted a brand new settlement in March for a deal that features 34% raises over 4 years.
American’s pilots had been scheduled to start out voting on the present deal on Monday. The brand new supply contains 21% pay bonuses and pay on par with United and Delta, the Allied Pilots Affiliation, their union, stated Friday.
Captain Ed Sicher, the union president, stated its management will weigh “whether or not administration’s complete proposal is worthy of a membership vote.”
Isom stated that the corporate will return to negotiations if modifications aren’t permitted in time for the vote.
“We’ll return to the bargaining desk and do what’s essential to get to a deal. It simply will not be achieved rapidly,” Isom stated. “We run a fancy enterprise and any modifications to what we agreed to — even small ones — could have a profound impression. Reconsideration of all of this stuff would take time.”
American Airways boosts pilot contract supply by $1 billion after United deal
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