After months of tense negotiations, American Airlines pilots reach preliminary 4-year labor agreement
paused new contracts for years. Pilots have also pushed for quality-of-life improvements like better scheduling.
The airline was prepared to offer 40% cumulative raises in a four-year deal, American Airlines CEO Robert IsomThe airline had said that including 401 contributions, a senior narrow-body captain would be making $475,000 a year at the top of the scale. The new agreement will likely take several weeks to finalize. The union said it has to approve contract language before sending it to American's roughly 15,000 pilots for a ratification vote.
"We're pleased to have reached an agreement in principle on a new four-year contract with the Allied Pilots Association that provides our pilots with pay and profit sharing that match the top of the industry with improved quality-of-life provisions unique to American's pilots," an American spokeswoman said in a statement.. American's pilots recently authorized the union to call a strike if an agreement couldn't be reached.
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