Delta pilots would get at least 18% pay bumps when the contract is signed.
. It also gives pilots more power in contract negotiations. Labor and fuel are airlines' top two expenses.
The"agreement-in-principle" Delta reached with the Air Line Pilots Association is equal to $7.2 billion in cumulative value over four years, the union told members in an email late Friday. About a quarter of that is tied to quality-of-life improvements. The agreement includes an 18% increase on the day the contract is signed, then a 5% increase one year later and two 4% raises in each of the following years. It also includes a one-time payment of 4% of 2020 and 2021 pay each, plus 14% of 2022 pay.
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