American Airlines pilots approve new contract, 66%-34%
Source: Dallas Morning News
American Airlines pilots have approved a new five-year contract that gives them 24 percent pay raises this year and small pay raises in future years.
The decision avoids a scenario in which the Allied Pilots Association contract combining US Airways and American Airlines pilots under a single agreement would have gone to binding arbitration.
In a regulatory filing Jan. 12, American said the pilot contract would increase its cost by $650 million in 2015, and it would incur another $50 million in December 2014 costs because the pay raises would be retroactive to Dec. 2.
The new contract combined three contracts into a single collective bargaining agreement for pilots of American and US Airways, which merged in December 2013.
Read more: http://aviationblog.dallasnews.com/2015/01/american-airlines-pilots-approve-new-contract-66-34.html/
mnhtnbb
(31,415 posts)before they decided to hike fares.
Demit
(11,238 posts)If they hike fares it's because they want to hike fares.
mnhtnbb
(31,415 posts)project_bluebook
(411 posts)and are never paid what they are really worth.