American Airlines reaches tentative contract agreement with pilots union
Fox News
American Airlines said it has negotiated a four-year deal with the Allied Pilots Association which would give them pay and profit-sharing that matches the top of the industry.
Terms of the agreement were not disclosed.
Earlier this year, Delta Air Lines pilots ratified a contract that will boost their pay 34% over four years, but American pilots said they needed more to catch up with Delta, which has a richer profit-sharing program.
American CEO Robert Isom said in March that the airline was ready to give pilots 40% more in pay and retirement contributions. Isom said that would boost top pay and benefits for a captain of single-aisle planes like the Boeing 737 to $475,000 a year in salary and retirement benefits, and $590,000 for pilots of bigger planes such as Boeing 777s and 787s.
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