American Airlines pilot union has reached to an agreement with the airline for the new labor contract which bring their pay in line with United and Delta Airlines.
American Airlines pilot union reaches agreement
World’s largest airline, American Airlines has reached to a settlement with its pilot Union. The Allied Pilots Association (APA) did not provide numbers on the revised deal. Allied Pilots Association (APA) is a pilot union, representing over 15,000 American Airlines pilots. The union did not provide numbers but American Airlines Chief Executive Officer Robert Isom said that the proposed contract matches the United contract, which the airline sealed in March.
The pilot union said that the revised agreement will need approval from its board, only after it will be sent for a ratification cote. The board meeting will take place on August 2-3.
The offer from American Airlines
Numbers of the revised deal are not disclosed yet. But lets have a quick look at the previous offer provided by American Airlines.
To counter rival United Airlines, the airline had given a boost to its offer of new pilot contract by more then $1 billion. This new offer from American Airlines would bring the 4 year value to around $9 billion.
This pay matches with United Airlines payscale. Along with salaries, American Airlines also matched backpay, sick time and life insurance among other incentives.
Along with this, the new offer also matches the 21% pay bonuses on par with United and Delta Airlines.
In a message to pilots, Robert Isom announcing the contract said that this new offer from the airline will bring the 4 year offer value to around $9 billion. This will match the pay-rates, sick time, life insurance and backpay to that of United airlines.
Pilot union had indefinitely postponed the voting for the tentative agreement.
Now, it seems that there are chances of conclusion of the new contract. Lets wait till August 2-3.
Source Credits : Reuters