2023-07-16 05:59:04
United Airlines and the union that represents its pilots said Saturday they reached an agreement on a contract that will raise pilots’ wages by up to 40% over four years.
The union valued the deal at around US$10 billion. This follows more than four years of tumultuous negotiations that have included picketing and discussions of a strike vote.
The deal reflects the leverage being enjoyed by labor groups, especially pilots, as airline revenues soar thanks to the strong resumption of travel.
The Air Line Pilots Association said the agreement, which will be subject to a ratification vote, would put United Airlines pilots on an equal footing with their counterparts at Delta Air Lines, who approved a deal to raise salary earlier this year.
The union said the agreement includes substantial increases in wages, pension benefits and job security.
At least on pay, the deal looks a lot better than the one United Airlines pilots rejected last November.
Once the agreement is approved, the pilots will receive immediate salary increases that range from 13.8% to 18.7%, depending on the type of aircraft they fly, followed by four smaller annual increases, a summary indicates. on the union’s website.
Over the term of the contract, pilot compensation would increase from 34.5% to 40.2%.
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